Local currency is rapidly depreciating, and people are turning to crypto assets — Iran's story is worth watching.

🇮🇷 How severe is the situation in Iran right now?

The rial continues to devalue, with prices soaring daily. Inflation has already surpassed 100%, and money in banks is shrinking rapidly. Priced in rials, Bitcoin's price has surged by over 2600%. Cryptocurrencies like $BTC, $SUI, $DASH, and others have seen significant increases in their local fiat prices.

But the logic behind this needs to be thought through: Bitcoin itself hasn't suddenly become more valuable. What is really happening is that the local fiat currency system is failing.

📉 This goes beyond simple "price fluctuations" discussion.

As bank deposits evaporate daily and cash on hand can't cover daily needs — people are forced to seek alternatives. At this moment, crypto assets are no longer just investment tools but a matter of survival. The process is harsh but very real.

Economic risks around the world are confirming one fact: once fiat currency confidence collapses, decentralized crypto assets become the last safeguard. Iran is not the only case. As more countries face similar dilemmas, this issue will become increasingly urgent.

Who will be next? No one knows. But this risk is spreading globally.