Iranian Rial recently hit a historic low, with the official exchange rate soaring to approximately 1,400,000 Rials per 1 USD, a staggering devaluation from around 70 Rials in the early 1980s. Regional conflicts since June this year have exacerbated this crisis, with citizens' purchasing power shrinking by over 40% in just a few months. Street protests are growing louder, with people blaming the central bank's policies, even leading to the resignation of the central bank governor.

In such an economic predicament, the topic of Bitcoin has gained significant popularity. Hunter Horsley, CEO of Bitwise, pointed out that decentralized digital assets offer ordinary people a new way to protect their wealth—independent of any single country's monetary policy. Alex Gladstein, Chief Strategy Officer of the Bitcoin Human Rights Foundation, also emphasized that in environments of extreme inflation and currency devaluation, Bitcoin's function as a store of value becomes particularly prominent.

It is worth noting that although Iran officially permits cryptocurrency trading, regulatory efforts have not eased. Matthew Sigel, Head of Research at VanEck, revealed that Iranian authorities are cracking down on unregistered Bitcoin mining and even encouraging citizens to report neighbors' mining activities. Under the dual pressures of international sanctions and ongoing currency depreciation, discussions about Bitcoin as a decentralized store of value are gaining more attention worldwide.