Iranian protests over currency collapse show why bitcoin is needed

[Oshosondy]

The government created inflation in their own favour but which could be a disadvantages for citizens that does not know what to do but keep their money in bank. Iranian protested in Iran’s capital after the rial slid to record lows, prompting Bitwise CEO Hunter Horsley said that bitcoin could help Iranians protect their savings.

https://www.mexc.com/news/372731

This is not just the problem, the problem is that many other countries are suffering from inflation. Some countries may not suffer from significant inflation today but how about tomorrow. In long years, fiat become more worthless.

Bitcoin is a store of value.

[Dunamisx]

If the government is going to pay attention to the crypto if the people, then they should allow for individual financial independence, make free regulations and policies that will support everyone interested in the use of bitcoin for their benefits, since it's an alternative currency, we should be left open to financial freedom.

Inflation is mostly affecting the masses and not the rich, there's no way the poor may have an alternative way out of not being affected except they adopt a new financial system entirely different from the centralized fiat system, which is why bitcoin was introduced to help serve an alternative to all those that think inflation should be tackled and run a decentralized economy with bitcoin, the earlier the better the government harkens to their voice before it turns into violence.

[CryptoYar]

Inflation is hidden tax since when government prints more money, money that people have in banks loses its value so they can buy less in long run. Bitcoin can fix this issue since it has limited supply of only 21 million coins that cannot be changed by any government, thus it is store of value like gold but more easy to carry.

Bitcoin is kind of financial lifeboat in such countries as Iran where local money is fast losing its value since it lets individuals control their own savings without permission of bank. In 2025, large number of individuals are moving towards Bitcoin in stable nations, to protect their hard work against losing value in future, choosing to use system that cannot be weakened by political choices of governments.

[rat03gopoh]

Iran is largely shunned by centralized financial services and almost no one accepts its currency. I think they clearly have little exposure to Bitcoin. I have no idea how they would initially adopt Bitcoin with their currency.

Residents of other countries might experience similar situations when inflation is severe. I'm not sure if local banks would help provide liquidity for foreign exchange in the event of a large-scale exchange. Their governments might also take action.

[Bastketsrus]

Inflation is hidden tax since when government prints more money, money that people have in banks loses its value so they can buy less in long run. Bitcoin can fix this issue since it has limited supply of only 21 million coins that cannot be changed by any government, thus it is store of value like gold but more easy to carry.

Bitcoin is kind of financial lifeboat in such countries as Iran where local money is fast losing its value since it lets individuals control their own savings without permission of bank. In 2025, large number of individuals are moving towards Bitcoin in stable nations, to protect their hard work against losing value in future, choosing to use system that cannot be weakened by political choices of governments.

Agreed. Inflation is basically a hidden tax that eats away at savings over time. That’s why Bitcoin makes sense to a lot of people. Fixed supply, no government control, and easy to hold or move. It’s already a lifeline in unstable countries and more people in stable ones are using it as a long-term hedge too.

[Die_empty]

This is not just the problem, the problem is that many other countries are suffering from inflation. Some countries may not suffer from significant inflation today but how about tomorrow. In long years, fiat become more worthless.

Bitcoin is a store of value.

It's such sad news to see people suffer because of some external forces. Iran has been facing one of the harshest economic sanctions in recent times. The government have been doing their best to put the economy under control. But recent coordinated sanctions by the UN, EU and US are having a negative effect on the economy. Iran has always survived these sanctions; hopefully, the economy will improve. Bitcoin has always served as a hedge against inflation. With the inflation rising to 42.2% this month, converting and saving rial in Bitcoin is ideal.

If the government is going to pay attention to the crypto if the people, then they should allow for individual financial independence, make free regulations and policies that will support everyone interested in the use of bitcoin for their benefits, since it's an alternative currency, we should be left open to financial freedom..

Bitcoin is not banned in Iran, so citizens can always use the currency for thier benefits.

[hugeblack]

I don't think Bitcoin (alone) would be useful in countries like Iran, since although your money is more valuable than the local currency, both goods and services will increase at a faster pace than the global market. So it's a better option than holding the local currency, but it won't help the overall economy.

[notocactus]

The government created inflation in their own favour but which could be a disadvantages for citizens that does not know what to do but keep their money in bank. Iranian protested in Iran’s capital after the rial slid to record lows, prompting Bitwise CEO Hunter Horsley said that bitcoin could help Iranians protect their savings.

There are other things can help Iranians like strong fiat currencies like the US dollar, Euro, and British pound and more. They are good alternatives if Iranians look for fiat currencies, not cryptocurrencies. All fiat currencies are inflation but some have better ability to hold their purchasing power with time or have less decrease of purchasing power with time.

Years ago, similar protests happened in Venezuela in similar economics and social conditions and people in Venezuela tried to use the US dollar, Bitcoin and some altcoins as their alternatives. Years ago, DASH was adopted quite well in Venezuela but it was not enough for DASH to have its show when governments years ago tried to shut down privacy coins.

This is not just the problem, the problem is that many other countries are suffering from inflation. Some countries may not suffer from significant inflation today but how about tomorrow. In long years, fiat become more worthless.

Bitcoin is a store of value.

Not only Bitcoin, people can choose gold, silver, and other things that have proven their strong survivals with time as well as either increase of purchasing power or less decrease of purchasing power with time.

[arwin100]

The government created inflation in their own favour but which could be a disadvantages for citizens that does not know what to do but keep their money in bank. Iranian protested in Iran’s capital after the rial slid to record lows, prompting Bitwise CEO Hunter Horsley said that bitcoin could help Iranians protect their savings.

There are other things can help Iranians like strong fiat currencies like the US dollar, Euro, and British pound and more. They are good alternatives if Iranians look for fiat currencies, not cryptocurrencies. All fiat currencies are inflation but some have better ability to hold their purchasing power with time or have less decrease of purchasing power with time.

Years ago, similar protests happened in Venezuela in similar economics and social conditions and people in Venezuela tried to use the US dollar, Bitcoin and some altcoins as their alternatives. Years ago, DASH was adopted quite well in Venezuela but it was not enough for DASH to have its show when governments years ago tried to shut down privacy coins.

They are diving immediately on conclusion that Bitcoin can be their sole savior towards those situation happen, while the fact is for sure the government will not think about that as immediate solution on the problem they are facing.

For sure they might look for other physical solution like those valuable assets we have and think about picking the right asset to be their safe haven to minimize the damage of the current currency collapse happening in their country. Bitcoin is useful asset but I think people will use lots of alternative just like what happen to the country you mentioned, because they provably will get afraid to stick on one option only due to what they experience to their native currency.

[Slow death]

The Iranian government's problem will not be solved with Bitcoin; on the contrary, if they used Bitcoin, it would be a huge problem for all of us because other governments would be much tougher on KYC (Know Your Customer) because they would accuse Bitcoin of being a currency that facilitates the lives of sanctioned countries and sponsors of terrorism. I read in the news that the governor of the Central Bank of Iran resigned.

He is intelligent enough to know that unfortunately there is not much he could do, because the Iranian government does not want to stop financing terrorists so that other countries will remove the sanctions they have imposed on them and have good economic relations with them. Just look at the war of a few weeks against Israel, which further worsened Iran's economic situation, and even so, Iran does not change its stance.

[Furball808]

The government created inflation in their own favour but which could be a disadvantages for citizens that does not know what to do but keep their money in bank. Iranian protested in Iran’s capital after the rial slid to record lows, prompting Bitwise CEO Hunter Horsley said that bitcoin could help Iranians protect their savings.

People are going to realize sooner or later that governments are hindering the growth of their country by not allowing bitcoin to be used maximizing its potential. We are witnessing a turning point, a revolution in the financial world.

https://www.mexc.com/news/372731

Is it just me or I can’t open the link?

[bitbollo]

Issues like this with fiat currencies are really common and FREQUENT as much as you can imagine.
Most of the time these are "hidden" by other issues... or just as mentioned like a minor protest, but FIAT is a real problem in many countries.
I am still surprised that in the EU they are introducing very restrictive laws in this argument. What is really worst is the "hidden truth".
They present restrictions as a chance for people! Of course live conditions here are not so bad, but this could not last forever.
In any place I guess that there is only one choice: bitcoin.

[Antona]

Hard to disagree with that, it’s wild watching countries where the local cash just melts, for people stuck in that, holding some bitcoin can be a total lifesaver, not a magic fix for everything but a legit way to opt out of the worst inflation. Long term, it's a strong hedge when you see how all fiats trend down

[Hispo]

One does not need to go as far as Iran in order to realize Cryptocurrency and Bitcoin are tools which are supposed to be used to protect one's wealth against inflation. There are already several examples of it: Argentina, Venezuela, Nigeria and several other countries in which there are millions of people who are decided to turn their savings into stablecoins or crypto in order to avoid their own national currencies.

Though, In the case of Iran. I would not expect the government of that country to be as reckless in economics has the government of Venezuela and Argentina have been after all these years.

[Bitcoin_Arena]

>>snip<<

Using stablecoin is probably a very bad exchange because
1. In most cases they are pegged to the USD or some fiat currency which is also vunlnarable to Inflation
2. There is literary nothing you achieve by moving your funds to stablecoins, atleast Bitcoin may give you a chance to profit out of it in the future.

[Alpen]

The government created inflation in their own favour but which could be a disadvantages for citizens that does not know what to do but keep their money in bank. Iranian protested in Iran’s capital after the rial slid to record lows, prompting Bitwise CEO Hunter Horsley said that bitcoin could help Iranians protect their savings.

https://www.mexc.com/news/372731

This is not just the problem, the problem is that many other countries are suffering from inflation. Some countries may not suffer from significant inflation today but how about tomorrow. In long years, fiat become more worthless.

Bitcoin is a store of value.

Since Iran is under heavy sanctions, you can’t really say the government created the inflation. In fact, it was the US that triggered it, and the same country is preventing ordinary Iranians from accumulating crypto. You’ll probably tell me that one can save without using a CEX, but how exactly are you supposed to swap fiat for Bitcoin when those very transfers are also under sanctions?

[melinoe]

The only thing I would add up is that BTC is the ultimate store of value.

 

[rdluffy]

>>snip<<

Using stablecoin is probably a very bad exchange because
1. In most cases they are pegged to the USD or some fiat currency which is also vunlnarable to Inflation
2. There is literary nothing you achieve by moving your funds to stablecoins, atleast Bitcoin may give you a chance to profit out of it in the future.

I even made a comment on a related thread here: https://bitcointalk.org/index.php?topic=5569726.msg66228987#msg66228987

It was specifically about having dollars to protect yourself from the local currency
At least in my experience, and many Brazilians also keep some money in dollars to protect themselves from the devaluation of our currency
In addition to suffering from inflation, we also suffer from the devaluation of our currency against the dollar, so it is often a viable and safe option to have dollars

Obviously, I have more BTC, but I also have some in dollars
The problem of inflation is real

Where people have problems with the local currency, BTC may thrive. We have already seen this big problem in Turkey

[FortuneFollower]

Hard to disagree with that, it’s wild watching countries where the local cash just melts, for people stuck in that, holding some bitcoin can be a total lifesaver, not a magic fix for everything but a legit way to opt out of the worst inflation. Long term, it's a strong hedge when you see how all fiats trend down

Fiat is basically a corpse for those that aren't in the countries that dictate the rules.

With BTC, you can be sure you are going to have alternatives anywhere, at anytime..

[marcous]

Iran is another example of the cruelty of inflation. We just have to wait and see, as our own country is slowly but surely experiencing inflation, which is inevitable, especially in a country with a government struggling to strengthen its economy.
Yes, Bitcoin is another way to protect ourselves. While it may not be a complete security, it's far better to have it than nothing at all. Another option is gold, which we know is much more stable.