Following the tense situation in Iran and missile attacks on Tehran, the local population is frantically buying Bitcoin and urgently withdrawing funds as a safe haven:
Funds on Iran's largest exchange surged by 700%, with one-hour capital inflows skyrocketing from hundreds of thousands of dollars to nearly 3 million dollars. People are rushing to transfer Bitcoin from exchanges to personal wallets. The public no longer trusts third-party platforms, their national currency, or the banking system. In a war environment, Bitcoin is seen as true digital gold and a safe haven asset.
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Following the tense situation in Iran and missile attacks on Tehran, the local population is frantically buying Bitcoin and urgently withdrawing funds as a safe haven:
Funds on Iran's largest exchange surged by 700%, with one-hour capital inflows skyrocketing from hundreds of thousands of dollars to nearly 3 million dollars. People are rushing to transfer Bitcoin from exchanges to personal wallets.
The public no longer trusts third-party platforms, their national currency, or the banking system. In a war environment, Bitcoin is seen as true digital gold and a safe haven asset.