The post Why Iran’s Currency Collapse to ‘Zero’ Could Push Bitcoin Back Above $100K appeared first on Coinpedia Fintech News
Iran’s national currency, the rial, has fallen to levels many citizens describe as practically worthless. The collapse is not the result of a single event. Economists say it reflects years of high inflation, weak growth, sanctions, and limited access to foreign currency. What is failing now is something more fundamental: trust in money itself.
As the rial loses purchasing power, the crisis is reigniting global discussions around alternatives such as Bitcoin — not as an endorsement, but as a reflection of how people behave when confidence in fiat money breaks down.
A Slow Breakdown of Confidence
In Iran, inflation has eaten into wages for years, while sanctions restricted oil revenues and cut the country off from much of the global banking system. Official exchange rates no longer reflect reality, forcing businesses to rely on informal dolla
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