The Iranian rial is plummeting in 2026, with inflation eroding savings daily, causing the middle class to lose trust in banks. Caught between sanctions and the threat of account freezes, many families are turning to crypto, especially Bitcoin and stablecoins, to preserve value.
This scenario resembles Lebanon from late 2019: banks freezing withdrawals, USD being forced to be exchanged for local currency and losing over 90% of its value, with people relying on remittances and peer-to-peer transactions on Telegram. At that time, Bitcoin helped store assets, transfer money quickly without intermediaries; but it required self-custody of private keys, backing up seed phrases, and avoiding custodial services. Iran is following a similar path, with billions of dollars flowing into crypto and a rising trend of self-custody.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC Price Plunges to 3-Week Low as Analysts Map Out Next Downside Targets
The first breakdown to under $68,000 seemed as just the beginning for bitcoin’s Friday correction, which just worsened with another dip to a fresh 3-week low.
Most altcoins have followed suit, which has harmed over-leveraged traders, with more than 120,000 such participants being wrecked in the
CryptoPotato15m ago
Bitcoin Price Outlook 2035: Bitcoin Everlight Analysts Project Growth Despite Current Market Volatility
Bitcoin price modeling is increasingly extending beyond near-term cycles as institutional frameworks treat Bitcoin as a long-duration asset. Forecasts reaching into 2035 coincide with a market environment shaped by post-ATH consolidation following the October 2025 peak near $126,000 and heightened s
CryptoPotato18m ago
