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Widespread protests took place in Iranās capital after the rial slid to record lows, prompting Bitwise CEO Hunter Horsley to argue Bitcoin could help Iranians protect their savings.
Protests erupted across Iranās capital, Tehran, on Monday as the rial hit record lows against the US dollar, a currency collapse that locals blame on the central bankās poor fiscal policies as they watch the value of their life savings evaporate.
While thereās no single solution to the economic hardship that Iranians are facing, Bitwise CEO Hunter Horsley suggested that Bitcoin (BTC) is a way for people around the world to protect themselves from plunging currency values.
āEconomic mismanagement ā The story of the past, present, and future,ā Bitcoin is a new way for the people to protect themselves,ā Horsley said in a post to X Monday.
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