Bitcoin 'rose' in Iran as much as the rial collapsed; when the local currency loses its purchasing power, people turn to a store of value that is not printed by decree and does not rely on trust in an institution that might change the rules or close its doors during crisis. Here, Bitcoin emerges as a monetary system operating under fixed rules, running 24/7 without a central bank. The key point is that this is not an 'Iranian exception'; every fiat currency lives on trust, and trust erodes with debt, inflation, and politics. The idea many overlook: the 'Bitcoin price' in local currency is often not Bitcoin rising, but your currency falling. My question to you: if Bitcoin is merely a mirror reflecting the erosion of fiat currencies, are you observing the correct image… or are you still measuring everything with a ruler that keeps breaking?
