Probably not, but what they should do is buy and hold.
It is next to impossible for them to exchange Bitcoin to fiat, as there are too few Bitcoin users in Central Iraq and Syria. Even if they amass thousands of Bitcoins, how will they exchange it for arms and ammo?
Exactly. This proves that the post that is being blown up by the media is probably not true at all, and in fact it probably was planted and a planned attack on bitcoins credibility.
Not to mention, they would have to get the BTC in the first place, leaving more of a digtal trace. How insane is it to think they would go out of their way, acquire BTC, then use that to buy weapons, ammo etc? It doesnt make any sense at all!!