Iranians rush to withdraw $BTC to wallets amid the turmoil

According to Chainalysis, since the protests erupted (December 28 last year) until Iran cut off the internet (January 8), the amount of BTC withdrawals from Iranian exchanges to personal wallets has surged.

Stockpiling $BTC is seen as a reasonable response to the rapid devaluation of the Iranian currency. The national currency Rial of this country has fallen to the level of 1.4 million Rial per 1 USD - losing about 20,000 times its value after 4 decades.