//Bitcoin is not 25K USD in Iran, stop spreading false information

Bitcoin is not 25K USD in Iran, stop spreading false information

I’m sick and tired of seeing the idiotic crypto media regurgitating the post made by an idiot a few days ago that didn’t know the actual value of USD in Iran. There is a subsidized official exchange rate, which is a fixed rate of 1 USD to 42K IRR. This rate is only used for imports of a certain category of products designated by the government such as food and medicine.The real value of USD, the one you pay for other products such as bitcoin, is 1 USD to 140K IRR, as of now. Yes it has depreciated significantly within few months (more than 200%), and yes some people buy bitcoin and other cryptocurrency to hedge against such depreciation and yes government legalized mining and the central bank may soon support crypto to IRR exchange as first true adoption of cryptocurrency. But bitcoin value is same as everywhere else when correct exchange rate is used.STOP SPREADING FALSE INFORMATION. Research first, ask local sources. Makes you wonder about other garbage that gets reported from non-western or non-english speaking countries.

I'm sick and tired of seeing the idiotic crypto media regurgitating the post made by an idiot a few days ago that didn't know the actual value of USD in Iran. There is a subsidized official exchange rate, which is a fixed rate of 1 USD to 42K IRR. This rate is only used for imports of a certain category of products designated by the government such as food and medicine.

The real value of USD, the one you pay for other products such as bitcoin, is 1 USD to 140K IRR, as of now. Yes it has depreciated significantly within few months (more than 200%), and yes some people buy bitcoin and other cryptocurrency to hedge against such depreciation and yes government legalized mining and the central bank may soon support crypto to IRR exchange as first true adoption of cryptocurrency. But bitcoin value is same as everywhere else when correct exchange rate is used.

STOP SPREADING FALSE INFORMATION. Research first, ask local sources. Makes you wonder about other garbage that gets reported from non-western or non-english speaking countries.