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Massive protests have erupted after the Iranian rial hit a historic low of 1.42 million against the dollar. Footage circulating online shows hundreds gathering in response to the currency's collapse. This kind of rapid currency devaluation is exactly why many see decentralized assets as a hedge against traditional financial instability. When national currencies lose their purchasing power this dramatically, it highlights the vulnerability of relying solely on centralized monetary systems. Real-time example of how quickly fiat can erode value.
But then again, just shouting that decentralized assets can hedge is a bit too idealistic, right? The key still depends on how well the project's token deflation model is designed; otherwise, it's just a different way to cut.