Recently, I came across an interesting set of data. Against the backdrop of continuous depreciation of the local fiat currency, the BTC to Iranian Rial quote has surged to 1048 billion IRR. This number looks outrageous, but it reflects reality—over the past six months, the increase has skyrocketed to 1969.90%.
In simple terms, when the local currency's creditworthiness is insufficient and depreciation pressure is high, people naturally turn their attention to more stable assets. Cryptocurrencies have become a core safe haven in this environment, and domestic trading activity has reached new highs. This is not an isolated case but a microcosm of the changing global financial landscape—the vulnerabilities of the traditional financial system are becoming more apparent, and the appeal of decentralized assets is growing stronger.
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bridgeOops
· 17h ago
104.8 billion IRR, this number is incredible, hilarious, fiat currency devalues like this
Iranians are probably copying BTC bottoms now, the insiders can't learn it
Traditional finance really can't innovate anymore, decentralization is the way to go
This is the real-life version of "I exchange RMB for USD," but upgraded
Fiat currency devalues to this extent and people still don't move into BTC, I really can't understand it
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BearMarketBuyer
· 01-13 14:45
1048 billion? Damn, Iran is really at the end of the line. As fiat currency keeps depreciating, they have to rely on BTC to save their lives.
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I'm tired of hearing that traditional finance is doomed, but looking at these data points, it's quite ironic.
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A 2000x increase in half a year—how many people must be rushing to get in...
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Interestingly, the collapse of fiat currency has actually boosted business in the crypto world. Truly dark humor.
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It would be great if our big bosses here also recognized the value of BTC someday.
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Decentralization is the perfect cure for the fiat currency credit crisis. This logic is sound.
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Iranians: We chose Bitcoin, what about you?
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The larger the number, the more absurd it gets, but this is the reality. Can't even laugh.
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BankruptcyArtist
· 01-13 14:40
Wow, a 1969% increase is incredible. Iran is really using BTC as hard currency.
This is the result of fiat currency collapse; people have no choice but to go all in on crypto.
The outdated traditional financial system should have been reformed long ago. Decentralization is the future.
Damn, how much BTC would you need to hoard to survive... The people of Iran are truly resilient.
Bankruptcy still has a way out; they are much better off than countries stuck with worthless currencies.
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RetailTherapist
· 01-13 14:31
1969% increase... This number is so outrageous that I almost can't believe it, but the reality on the Iran side is indeed astonishing.
The death scene of fiat currency, BTC comes to the rescue, not necessarily romantic but definitely helpless.
The traditional financial coffin is almost nailed shut, and this time it's for real.
Wait, does this wave mean more countries will follow suit?
People will always find a way out, even if that way is called cryptocurrency.
How desperate must these numbers be to exchange for this? Heart goes out to the ordinary people over there.
104.8 billion... Just looking at it is exhausting, but there's nothing we can do—without trust, everything is useless.
It's really just a story of self-rescue caused by the mishandling of monetary policy.
This is the true logic of risk aversion, not speculation.
The flaws in traditional finance are so big that no wonder everyone is moving to the blockchain.
The entire financial system's trustworthiness has directly plummeted.
Watching fiat currency depreciate day by day, might as well go all in.
Recently, I came across an interesting set of data. Against the backdrop of continuous depreciation of the local fiat currency, the BTC to Iranian Rial quote has surged to 1048 billion IRR. This number looks outrageous, but it reflects reality—over the past six months, the increase has skyrocketed to 1969.90%.
In simple terms, when the local currency's creditworthiness is insufficient and depreciation pressure is high, people naturally turn their attention to more stable assets. Cryptocurrencies have become a core safe haven in this environment, and domestic trading activity has reached new highs. This is not an isolated case but a microcosm of the changing global financial landscape—the vulnerabilities of the traditional financial system are becoming more apparent, and the appeal of decentralized assets is growing stronger.