Iran’s rial collapse mirrors Lebanon’s crisis, driving citizens to bitcoin

The dramatic collapse of Iran’s rial, which has seen a significant decrease in its value over recent years, closely resembles the ongoing economic crisis in Lebanon, where rampant inflation and currency devaluation have severely affected the purchasing power of everyday citizens. This dire financial situation in both countries has led many individuals to seek alternative forms of currency, with a growing number of citizens turning to bitcoin as a potential safeguard for their savings and as a means to conduct transactions free from the instability of local currencies. As a result, the increasing adoption of cryptocurrency highlights the urgent need for financial security in regions facing economic turmoil. source: https://www.coindesk.com/opinion/2026/02/21/iran-s-rial-collapse-mirrors-lebanon-s-crisis-driving-citizens-to-bitcoin