Bitcoin 24K in Iran Due to US sanctions!

in #bitcoin6 years ago (edited)

Wow, I wish this would happen in the west ... 


 Iranians desperately buy cryptocurrencies fearing US sanctions and economic instability. Demand for bitcoin rises many fold as the first cryptocurrency shows less volatility than the national currency of the Islamic Republic...


http://www.coinfox.info/news/10322-iran-wintesses-sharp-bitcoin-price-surpasses-24-000-amid-economic-instability

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i dont think they can buy much from the market.

imminent US sanctions is going to have a major toll on their fiat currency so they want as much BTC as they can get paying 3x for it before their fiat loses 10x its value