Iranian protests over currency collapse show why Bitcoin's needed: Bitwise CEO

In Iran's capital, widespread protests erupted after the rial plummeted to record lows. In response, Bitwise CEO Hunter Horsley stated that Bitcoin could serve as a critical means for people in Iran to protect their savings. The significant drop in the rial reflects the impacts of national economic policies and sanctions, sparking widespread dissatisfaction among citizens. Thus, Bitcoin, as a digital currency, may become an independent store of value amid economic turmoil. Horsley highlighted the potential for Bitcoin to play this role, especially in countries facing inflation or currency crises, leading to increased interest in digital currencies as alternative measures.