The post Iran’s Rial Just Collapsed. Is It Time For Bitcoin? appeared on BitcoinEthereumNews.com.

Iran’s national currency, the rial, has completely collapsed against the U.S. dollar as the country’s economic crisis worsens. The value of one rial is now worth $0.00 right now. On the open market, one U.S. dollar now trades for roughly 1.4 million rials, a collapse that has erased decades of purchasing power and fueled widespread unrest. The currency’s plunge isn’t new, but the pace of decline in 2025 and early 2026 has been dramatic. Sanctions remain severe, oil revenues have shrunk, and political instability has driven investors and ordinary Iranians to seek alternatives to the rial and even to the U.S. dollar. Inflation is soaring. Prices on food, medicine and basic goods have jumped sharply, forcing many families to spend a larger share of income just to survive. The official inflation rate climbed above 42% late last year, though actual costs for staples may be higher at this point. The economic strain has spilled into the streets. Bazaar merchants and students have taken part in protests across cities from Tehran to Isfahan and Shiraz, condemning both economic mismanagement and political repression. In the capital of Tehran, traditional supporters of the theocratic government have openly turned against clerical leadership as conditions worsen. These protests have led Iran to impose telecom blackouts and jam satellite services, prompting citizens to turn to offline communication tools. Bitcoin focused apps like Bitchat and Noghteha enable secure messaging via Bluetooth and mesh networks without internet access, with Noghteha specifically adapted for Iranian users. Iran needs Bitcoin  Against this backdrop, Bitcoin’s profile in Iran has quietly risen. Long before the latest collapse, crypto adoption in the Middle East and North Africa was accelerating, partly as a hedge against unstable local currencies and restrictive financial systems. In the past weeks, reports, mainly those from blockchain analysis company Chainalysis,…

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Filed under: News - @ January 12, 2026 9:27 pm