Bitcoin Is Becoming More Valuable to Iranians Amid Tensions With US
Shiraz Jagati's original article for cointelegraph.com reduced by 77%
Do Iranians really believe in the power of Bitcoin?With all of the news stories recently floating on the internet that claim people in Iran are scurrying to get their hands on Bitcoin, especially in the wake of the recent geopolitical tensions that have been rising in the region, Cointelegraph reached out to Hadi Nemati, an Iranian digital currency specialist and chief operating officer of Bitfolio Capital - an open-end crypto hedge fund. "After the summer of 2019, many Iranians came to know about Bitcoin because of all the mining news and the use of electricity associated with the same which was vastly covered by various state media outlets and newspapers. Bitcoin, on a mass scale, is being seen as a speculative alternative asset and digital money." "Iranians use crypto as a store of value - very much like in Venezuela, where their currency has been rapidly devalued.
Also, no merchants accept Bitcoin openly as payments in Iran and e-wallets are nonexistent..
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CN [too long; didn’t read]
Summarised crypto news.