Iran-based bitcoiner Zahra Amini was used to answering questions on cryptocurrencies, but usually about their relationship with crime. So when a 70-year-old man recently asked her to explain crypto because he no longer wanted to rely on the national rial, Amini felt something had changed.
“If people that age are thinking about storing their wealth in anything rather than the national rial, it’s because they are just losing confidence in it, and more and more people are looking for alternatives,” Amini told CoinDesk.
Cryptocurrency is increasingly relevant in Iran as the country suffers from an economic downturn fueled by U.S. sanctions and the COVID-19 pandemic. Bitcoin’s independence from government control makes it an attractive option for individuals hoping to hold on to the value of their earnings as the rial suffers from inflation.
Source: https://www.coindesk.com/iran-is-ripe-for-bitcoin-adoption-even-as-government-clamps-down-on-mining
