This means you will not be able to sell those coins on the global markets, until the Bitcoin price reach those levels. The inherent risk in that is huge but it is a fabulous opportunity for arbitrage if you can get coins into those hot markets now.
How awesome would it be to sell your coins at $24 000, when you are buying coins at $6420 outside of Iran. A $15 000 to $17 000 profit on every coin.
What is going to happen when their markets cools down and people start losing money, when the price drop again.
I am not sure who will pay 24k$ for 1
BTC in Iran these days, as you say it just not have any sense because they can not sell those
BTC on foreign markets and make profit. Maybe they are just too scared of hyperinflation which is very likely because of new USA sanctions and their threats to the rest of the world to stop working with Iran. People maybe see some solution in buying
BTC, but also other coins - price on 1 ETH is around 900$ in Iran and probably other coins have a several times higher price.
It would indeed be an exceptional opportunity for trading, but I guess it is not so easy to register on any Iranian exchange or to move fiat from there. I try to search for Iranian exchange EXIR with Google search but without success.
While searching I will advise you stay alert of scams, in my opinion I think those coins are sold to people who are new to crypto... And this is yet another reason why crypto might be tagged scam and lose more potential investors after these guys can't sell on the global market. It will only take days before they figure out they bought less for more value and then the local rate revert to the normal global price.
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