Iranians invested $7.78 billion in cryptocurrencies amid the collapse of the rial
In 2025, Iranians invested $7.78 billion in cryptocurrencies amid the devaluation of the national currency, the rial.
Rising inflation and the fall of the rial triggered not only mass protests but also a surge in the popularity of digital assets. Toward the end of last year, when the crisis reached its peak, both the number and the total value of cryptocurrency transactions carried out by Iranians increased significantly.
The most notable trend was a rise in transactions related to withdrawals of Bitcoin from Iranian exchanges to personal crypto wallets. This suggests that during protests, Iranians prefer to take direct control of their BTC holdings.
“This behavior represents a rational response to the collapse of the Iranian rial, which has almost completely lost its value,” researchers at Chainalysis noted.

Growth in Bitcoin transfers by Iranians
Not only ordinary citizens are turning to cryptocurrencies as a safe haven. According to Happy Coin News, in 2025 the elite Iranian military-political organization, the Islamic Revolutionary Guard Corps, invested more than $3 billion in digital assets. As a result, supporters of the country’s leader Khomeini account for 39% of all funds invested by Iranians in digital assets. It is also notable that the Corps transferred coins worth around $1 billion through UK-based exchanges despite existing sanctions.
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