Iran’s citizens are straining under the weight of aggressive financial sanctions as result of its nuclear initiatives. Cryptocurrencies like Bitcoin provide a circumvention solution.
Even though Bitcoin continues its somewhat volatile price jumps, it is still a desirable asset for investors around the world. Since its phenomenal growth last year, people are buying and holding until it reaches even greater heights.
Bitcoin Is Not Just Something to Hodl Onto
According to The Hill, however, for the citizens of Iran, it is more than just a store of value. Hadi Nemati, a cryptocurrency researcher in Iran working at Blockchain Match, explained: