{"id":65681,"date":"2025-12-30T12:01:36","date_gmt":"2025-12-30T12:01:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=65681"},"modified":"2025-12-30T12:01:36","modified_gmt":"2025-12-30T12:01:36","slug":"irans-currency-crisis-triggers-protests-ceo-says-bitcoin-offers-exit","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=65681","title":{"rendered":"Iran\u2019s Currency Crisis Triggers Protests, CEO Says Bitcoin Offers Exit"},"content":{"rendered":"
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According to local reports, protests spread through Iran\u2019s capital city Monday as the rial plunged<\/a> to record lows and families watched savings shrink. The currency traded at about 1.4 million rials to the US dollar, and the rial has lost over 40% of its purchasing power since the two-week war in June. The central bank governor, Mohammad Reza Farzin, resigned<\/a> amid the unrest, heightening public worry.<\/p>\n

Crowds Close Shops As Tensions Rose<\/h2>\n

Shop owners around the Grand Bazaar and the Jomhouri shopping areas shut their doors and urged others to join them. Video on social media showed people chanting \u201cDon\u2019t be afraid, we are together,\u201d while security forces used tear gas to push back groups in several districts. Reports<\/a> have disclosed that many locals blame poor central bank policy for the rapid fall in value and the sudden squeeze on household finances.<\/p>\n

Banks Face Big Stress<\/h2>\n

Banking problems have piled up on top of the currency crash<\/a>. Based on reports, state-owned Bank Melli declared bankruptcy in October, putting the assets of more than 42 million Iranians at risk.<\/p>\n

\n

1.42 million rial per dollar<\/p>\n

The official rate in the early 1980s was **70 per dollar** https:\/\/t.co\/Sor7WEQnQ8<\/a><\/p>\n

\u2014 Alex Gladstein \"\ud83c\udf0b\" \"\u26a1\" (@gladstein) December 30, 2025<\/a><\/p>\n<\/blockquote>\n

In February, the central bank warned that eight other banks could be dissolved or merged unless they made serious reforms. Sanctions that limit access to international finance and to hard currencies like the US dollar have made normal banking far harder.<\/p>\n

\"\"<\/p>\n

\n

It\u2019s no surprise that the people of Iran are taking to the streets to protest the collapsing economy. The Iranian regime has ruined what should be a vibrant and prosperous country with its extremism and corruption.<\/p>\n

The people of Iran deserve a representative government that\u2026<\/p>\n

\u2014 Mike Pompeo (@mikepompeo) December 29, 2025<\/a><\/p>\n<\/blockquote>\n

And while electricity is very cheap in parts of Iran \u2014 cheap enough that mining could cost roughly $1,300 per BTC as of October \u2014 regulators have tightened rules. Reports say the government has cracked down on unregistered mining and even offered cash rewards to citizens who report neighbors running illegal rigs.<\/p>\n

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Economic mismanagement \u2014<\/p>\n

The story of the past, present, and future.<\/p>\n

Bitcoin is a new way for the people to protect themselves. https:\/\/t.co\/C8nWz4DPFN<\/a><\/p>\n

\u2014 Hunter Horsley (@HHorsley) December 29, 2025<\/a><\/p>\n<\/blockquote>\n

Bitcoin Framed As A Shelter<\/p>\n

According to Bitwise CEO Hunter Horsley, some see Bitcoin<\/a> as a way to shield savings from collapsing local money. Alex Gladstein of the Human Rights Foundation pointed out that the rial\u2019s official rate was about 70 per dollar in the early 1980s, underlining how deep the fall has been.<\/p>\n

Still, legal limits and unclear rules on self-custody make it hard for many Iranians to move into crypto safely. Mining remains tightly controlled, and exchanges face cyber risk and regulatory pressure.<\/p>\n

<\/p>\n

Bitcoin remains a focus for some Iranians looking to preserve wealth amid the collapsing rial and uncertain banking system. While access is limited by strict regulations and unclear rules around self-custody, experts like Bitwise CEO Hunter Horsley suggest it can serve as a store of value when local currency fails.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

According to local reports, protests spread through Iran\u2019s capital city Monday as the rial plunged to record lows and families watched savings shrink. The currency traded at about 1.4 million rials to the US dollar, and the rial has lost over 40% of its purchasing power since the two-week war in June. The central bank […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-65681","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/65681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65681"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/65681\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}