🔥I just realized a phenomenon: Iran's Bitcoin quotes have surged over 2600%, but this is not really good news.
Thinking it through, it becomes clear — what this reflects is the rapid decline of the local fiat currency.
🇮🇷 How bad is the situation:
· The Rial continues to depreciate, with prices skyrocketing daily · Inflation rate surpasses 100%, causing the currency to lose its purchasing power · The same cash can buy 3 items today, but might only buy 2 tomorrow
💥 Here’s the key point: priced in Rial, Bitcoin has increased over 2600%. But this isn’t because Bitcoin has become more valuable, it’s because the Rial is rapidly devaluing.
📉 To put it simply, this is no longer just a matter of "cryptocurrency price fluctuations." It’s a real reflection of a country's fiat system failure.
As bank deposits shrink and cash can’t buy a meal — ordinary people have no choice but to turn to Bitcoin to protect their assets. It’s less of an investment and more of a forced self-rescue.
A country's predicament is validating that saying: "Once fiat currency collapses, Bitcoin becomes the last refuge."
This isn’t just happening in Iran. Where will the next wave of risk occur? No one can say for sure.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
23 Likes
Reward
23
10
Repost
Share
Comment
0/400
LayerZeroEnjoyer
· 01-16 19:11
The Riyal has collapsed, this is a textbook example of the end of fiat currency.
View OriginalReply0
HashBard
· 01-16 18:10
nah this hits different... the 2600% isn't a victory lap, it's a financial obituary wearing a moon suit. fiat's not just dying in iran, it's decomposing in real time while we're supposed to celebrate the btc number go up. the irony tastes like desperation.
Reply0
StrawberryIce
· 01-16 12:23
Oh my, the Riyal is engaging in suicidal devaluation. No wonder Iranians have to hold onto Bitcoin to survive.
View OriginalReply0
MEV_Whisperer
· 01-14 17:01
Honestly, the 2600% figure looks intimidating, but upon closer inspection, it means fiat currency is dying. Iranians are now buying Bitcoin not as an investment, but as an escape route. Who will be next?
View OriginalReply0
MetaverseVagabond
· 01-14 17:01
This is the real truth. People in the crypto circle love to hype up the increase numbers, but in reality, it's just fiat currency dying.
View OriginalReply0
CryptoSurvivor
· 01-14 16:58
Wow, this is the real truth—it's not that the coin's value has increased, but that the money has deteriorated.
View OriginalReply0
FancyResearchLab
· 01-14 16:58
Oh dear, you're telling stories again. The Riyal is heading towards complete zero, huh? The idea of BTC as a safe haven makes sense in theory, but the practical difficulty is MAX.
View OriginalReply0
BasementAlchemist
· 01-14 16:56
Wow, is the Riyal crashing directly? It feels like the paper currency is being used as waste paper. No wonder everyone is going all in on Bitcoin.
View OriginalReply0
LiquidationKing
· 01-14 16:50
The Riyal is so weak, no wonder people have to buy the dip in Bitcoin to save themselves.
View OriginalReply0
MetaverseVagabond
· 01-14 16:36
The Riyal is crashing, this is the consequence of fiat currency default. No matter how bullish Bitcoin's gains are, it can't save the entire system.
#美国消费者物价指数发布在即 $BTC $DASH
🔥I just realized a phenomenon: Iran's Bitcoin quotes have surged over 2600%, but this is not really good news.
Thinking it through, it becomes clear — what this reflects is the rapid decline of the local fiat currency.
🇮🇷 How bad is the situation:
· The Rial continues to depreciate, with prices skyrocketing daily
· Inflation rate surpasses 100%, causing the currency to lose its purchasing power
· The same cash can buy 3 items today, but might only buy 2 tomorrow
💥 Here’s the key point: priced in Rial, Bitcoin has increased over 2600%. But this isn’t because Bitcoin has become more valuable, it’s because the Rial is rapidly devaluing.
📉 To put it simply, this is no longer just a matter of "cryptocurrency price fluctuations." It’s a real reflection of a country's fiat system failure.
As bank deposits shrink and cash can’t buy a meal — ordinary people have no choice but to turn to Bitcoin to protect their assets. It’s less of an investment and more of a forced self-rescue.
A country's predicament is validating that saying: "Once fiat currency collapses, Bitcoin becomes the last refuge."
This isn’t just happening in Iran. Where will the next wave of risk occur? No one can say for sure.