Who is buying Bitcoin in Iran?

[Fatunad]

Apparently the price has trebled on the local Bitcoins market. So is it rich people trying to preserve their wealth, or is it people using it for everyday purchases? Mohammad Reza Pourebrahimi, chairman of Iran’s economic commission, has stated that more than $2.5 billion has been transferred out of the country via Bitcoin. Will this be the primary function of Bitcoin as we creep towards World War 3?

That is one good way to transfer a huge amount of money through btc because if they had it over the banks they might get interfered as the situation of Iran and US is getting ugly. Btc will be recognized as a store of wealth once world war 3 is going to happen. Paper money is not safe not even the banks in storing the wealth.

[Astvile]

It can be the richest, the government or just regular or middleclass people in Iran. We all know the situation there all people are looking for ways to protect their money and I understand their choice to buy bitcoins if they are really converting their wealth to bitcoin at this moment. Crisis leavs peope with no choice but to preserve all money they can. But one thing is for sure people buying bitcoins at very high rate is not for invetment but to preserve their money.

[Pinkris128]

The only people in iran that are able to buy bitcoin are wealthy or rich people because they will store all of their money, so that they could preserve and save their money in the future until the war between US and Iran was finished. Also, the government would also buy bitcoin to store their money too.

[Shasha80]

In my opinion, those who buy bitcoin in iran are rich people who want to protect their wealth, now the situation in Iran is not conducive.
So it is too risky if their wealth is deposited in a bank or in fiat form. So rich people in Iran choose bitcoin to save their wealth. And who
buys bitcoin in iran can also be the iran government itself, with the intention of protecting the country's finances and bought a number of
weapons in preparation for the fight against America. I hope the situation in Iran is getting colder and between Iran and America can make
peace. Because peace is better.

[bitvalak]

To be honest, we never know who bought bitcoin there because there is no valid information so far, only assumptions.
In addition, we cannot detect who the buyer is through proof of transaction because it is anonymous.

[DabsPoorVersion]

To be honest, we never know who bought bitcoin there because there is no valid information so far, only assumptions.
In addition, we cannot detect who the buyer is through proof of transaction because it is anonymous.

Yep, the only thing we can do is to make assumptions of who'm transaction can this be. So far I think it is from someone in the government or maybe someone anonymous who's actually trying to hide and protect his fortune using bitcoin.

[imutlinda]

To be honest, we never know who bought bitcoin there because there is no valid information so far, only assumptions.
In addition, we cannot detect who the buyer is through proof of transaction because it is anonymous.

Yep, the only thing we can do is to make assumptions of who'm transaction can this be. So far I think it is from someone in the government or maybe someone anonymous who's actually trying to hide and protect his fortune using bitcoin.

in transactions we cannot really find out in detail because everyone can be anonymous here. but if you want to know in detail, maybe the information can be known from the exchanges that do KYC but every exchange must secure the data of users who make transactions therein

[kro55]

After that use of lethal force by the US they have to be scared of an incoming conflict and we all know who gets hurt the most in these things. It's not the military or the politicians but the local people who just want to run their businesses and drive kids to school. I bet it's the business owners trying to protect themselves from an eventual bank run.

I feel very sad for normal people in Iran whose intention is to survive everyday by working and doing business, it just makes me sad knowing that they are the primary people who would suffer from the risk of threatening world war especially the young ones who does not know what is going on. It is not about crypto anymore but the humanity as a whole.

War always hurt normal people who just wanna live happily with there families. War only benefits pharma, weapon producing companies, oil companies (in case of Iraq war) and not to forget politicians. Let peace prevail and no war. We have already seen so many wars and dont think we are in position to bear another war.   

[Amel]

Their economy may be in shambles if they decide to go to war with the US.

It is the US that is trying to go to war with Iran. This latest even is an act of war by the US, and is not based on any proven action by Iran.

That is true but Iran might decide to strike back US and that might even mean begininig of world war.
Anyway, any war activities might effect economy in Iran but I don't think that Bitcoin could play any role in that and the state will definetely not turn to Bitcoin, maybe only some individuals.

Bitcoin will indeed not play a role as a substitute for their country's currency but bitcoin is played by individuals there to rescue their assets. When a war breaks out, access to their finances may be impossible, they try to save everything before something worse happens. Yeah this will lead opinion further from other countries as well, hopefully everything will be fine.

[xZork]

Yes, if the third world war took place bitcoin would be the best replacement money. If anyone wants to move their assets away from a war, then bitcoin is a great choice.
Shortly after the United States ended the attack there was much fear about a war and there are sources of reports that in Iran bitcoin has risen to $ 25,000.

[gweedo]

Perhaps the people and major economic organizations in Iran are scared of World War 3 and they are rushing to buy bitcoins to ensure financial security, and I was really surprised that the price of bitcoin in Iran is three times higher than that of the global market. They fear that Iranian currency will be seriously affected by this conflict.
I hope World War 3 will never explode because it will cause great damage to the world and this market.

[bitcampaign]

I think what they are thinking about is how to save their real assets such as gold and fiat money, so they are looking for alternative ways to buy bitcoin and store it overseas so they don't worry about their assets in digital form like bitcoin, I think bitcoin is the only alternative to protect the value and assets of war, hope there is an effect of the price of bitcoin on other exchanges

[Jet Cash]

It seems that my OP was based on a misunderstanding. As somebody pointed out,the publicised pst is based on the "official" rate of exchange, which is only available to an elite group. The everyday exchange rate is much closer to the globalrate. This video from Altcoin Daily gives an explanation.
https://www.youtube.com/watch?v=TWYQajKww9A&t=495s

There is an interesting report towards the end of the video. It woud seem that Burger King is accepting Bitcoin in 40 of its branches in Venezuela. This could be a trend in countries with economic problems.

[cutesgirl]

I think there are only available for Iran people and transaction of bitcoin only there, if available for every one can buy and sell bitcoin with other country many people buy bitcoin with lower price on other exchange and sell with Iran bitcoin exchange account because have higher price, there are have big reason why Iran have different price bitcoin from other country, whats going on?

[masulum]

I think there are only available for Iran people and transaction of bitcoin only there, if available for every one can buy and sell bitcoin with other country many people buy bitcoin with lower price on other exchange and sell with Iran bitcoin exchange account because have higher price, there are have big reason why Iran have different price bitcoin from other country, whats going on?

AFAIK, Iranian just can sell their bitcoin using localbitcoins, many exchange blocked by government in this country. So, if people not believe in USD anymore, using Bitcoin is kne of solution for people to save their asset.

About the price, anyone can set buy and sell as they want, if someone decide to buy even on high price, this buyer of course have a reason such as many people will follow to sell bitcoin higher, even this is just a speculation there. I don't think we can find a reason why iranian buy/sell bitcoin with $24K+ rates until someone know who the wallet owner.

[Youghoor]

Will this be the primary function of Bitcoin as we creep towards World War 3?

What's up with this Iran issue and people relating it towards world war III? The entire world is matured for world war to happen again. You people should stop making unnecessary posts regarding the idea that this Iran issue might  cause world war III.  

[angrybirdy]

Will this be the primary function of Bitcoin as we creep towards World War 3?

What's up with this Iran issue and people relating it towards world war III? The entire world is matured for world war to happen again. You people should stop making unnecessary posts regarding the idea that this Iran issue might  cause world war III.  

War begins with two countries trying to fight, due to their relationship to other countries or their so-called allies that might give help to them (to US and Iran) which might cause world war 3. But what you have said is right, the world is already matured enough to prevent war, but it is not impossible. We just can't remove the possible things to happen.

[nomenclatur]

Apparently the price has trebled on the local Bitcoins market. So is it rich people trying to preserve their wealth, or is it people using it for everyday purchases? Mohammad Reza Pourebrahimi, chairman of Iran’s economic commission, has stated that more than $2.5 billion has been transferred out of the country via Bitcoin. Will this be the primary function of Bitcoin as we creep towards World War 3?

yes, indeed bitcoin digital currency that can be used by anyone with even the Iran nation buying bitcoin and also can buy war equipment for trade between countries Iran was a tactic to buy bitcoin to enable them to buy weapons of war to easily make a transaction using bitcoin.

[jakelyson]

Maybe mainly the rich. They are the ones that need to store their wealth somewhere and bitcoin is the best thing to store their wealth. But alas, I do not think it will have a global effect on the price of bitcoin.

Will this be the primary function of Bitcoin as we creep towards World War 3?

What's up with this Iran issue and people relating it towards world war III? The entire world is matured for world war to happen again. You people should stop making unnecessary posts regarding the idea that this Iran issue might  cause world war III.  

We cannot really be sure but I have seen in the media that they are taking the attack as an attack to the Muslim. If this is true then it could ignite the ww3.

[carlzec]

War is a great danger. People buy gold during wartime. But how to carry a huge amount of gold. Bitcoin transfer is much easier. Bitcoin may be preferred in such cases. War is a bad thing, I hope not. Demand for Bitcoin may increase.