Bitcoin's Potential Amid Iran's Currency Collapse and Internet Blackouts
Bitcoin's Potential Amid Iran's Currency Collapse and Internet Blackouts
Iran's national currency, the rial, has suffered a severe collapse, losing nearly half its value in 2025 and reaching unprecedented inflation levels. Amidst this economic turmoil and the threat of internet blackouts, the article questions whether Bitcoin can offer a lifeline, serving as a stable alternative for citizens grappling with rapidly eroding savings and a broken trust in traditional money systems.
Iran's currency, the rial, has collapsed to around 1 million per US dollar, a record that spotlights how quickly savings can be wiped out when trust in money breaks. The currency lost nearly half its value across 2025, with official inflation reaching 42.5% in December. Recent protests erupting in Tehran's Grand Bazaar, triggered by the severe devaluation, underscore the dire economic situation. This context sets the stage for a critical inquiry into whether Bitcoin could emerge as a viable solution for individuals seeking financial stability and an alternative means of transaction, particularly amidst potential internet blackouts that could further disrupt conventional financial systems.