Bitcoin has become an “element of resistance” in Iran, providing liquidity in an increasingly restricted economic environment, says Chainalysis.
Crypto usage in Iran has spiked amid the country’s mass protests, with a surge of Iranians withdrawing Bitcoin to preserve value amid instability, according to Chainalysis.
Protests in Iran began around Dec. 28 over worsening economic conditions, after the Iranian rial hit record lows against the US dollar. Demonstrations escalated nationwide, with Iran’s regime responding by cutting internet access, carrying out mass arrests, and reportedly killing thousands.
Chainalysis said in a report on Thursday that Iran’s crypto ecosystem hit $7.78 billion in 2025, which accelerated amid the ongoing unrest with a substantial increase in the number of daily crypto transfers and the amounts transacted.
