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Report Shows Massive Increase in Iranian Bitcoin Adoption Amid Nationwide Unrest

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Report Shows Massive Increase in Iranian Bitcoin Adoption Amid Nationwide Unrest

A new report from blockchain analytics firm Chainalysis indicates there has been a massive increase in Bitcoin adoption in Iran over the past month, as the country deals with nationwide unrest and protests. The report specifically looks at the increase in withdrawals from crypto exchanges to unknown Bitcoin addresses, which indicates the local population is avoiding centralized financial infrastructure in the country in favor of the decentralized, peer-to-peer digital cash system.

In terms of specifics, the report shows a 262% increase in the amount of withdrawals valued at more than $10,000 into what are thought to be self-custodial bitcoin wallets since the nationwide protests began. According to the report, reasons for the increased interest in self-custodial bitcoin include the collapse in value in the Iranian rial and the potential increased need for citizens to operate outside of government-controlled financial channels.

The report also indicates spikes in Iranian crypto activity were seen during other major domestic and geopolitical events such as the Kerman bombings in January 2024, Iran’s missile strikes against Israel in October 2024, and the 12-day war. Nobitex, which is by far Iran’s largest and most popular exchange, was also hacked for $90 million during the 12-day war.

“This pattern of increased BTC withdrawals during times of heightened instability reflects a global trend we’ve observed in other regions experiencing war, economic turmoil, or government crackdowns,” says the report.

To Chainalysis’s point, this is not the first time a sharp increase in Bitcoin adoption has been noticed in a country dealing with some sort of crisis. In the past, Chainalysis has issued reports involving increased adoption in Ukraine amid war with Russia, Argentina and Venezuela’s respective currency devaluations, and more.

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More recently, countries like Venezuela and Russia have used bitcoin and stablecoins like Tether’s USDT to avoid economic sanctions. According to another recent report from Chainalysis, this sort of sanctions avoidance was behind crypto’s record year of $154 billion worth of illicit financial use.

Unrest has persisted in Iran since late December, as protesters are fed up with the devaluation of the Iranian rial and other economic hardships. These grievances are compounded by longer-term issues such as corruption, repression, and general government mismanagement. In this way, the use of Bitcoin itself can also be seen as a form of protest where people are simply opting out of the traditional financial system.

Ironically, the Iranian regime has also been found to have used crypto for avoiding sanctions and laundering funds. In fact, the same Chainalysis report just released also indicates the Islamic Revolutionary Guard Corps (IRGC) accounts for roughly half of all crypto activity taking place in Iran, which is estimated at $7.78 billion. A recent report from TRM Labs also indicated two crypto exchanges in the United Kingdom were effectively fronts for the Iranian regime, and another past report from Elliptic shows Iran has been involved in bitcoin mining for purposes of monetizing their energy resources.

This situation illustrates the conundrum for authoritarian regimes around the world when it comes to Bitcoin, as the features that make it useful for the regime to avoid restrictions in the US-controlled global banking system also enable it to be used for the local population to gain greater financial freedom.

Bitcoin is not the only technology that has proven helpful for Iranians during the protests, as the existence of Starlink is one of the only reasons information has been able to get out of the country amid government-imposed internet blackouts. While mesh-networking based Bitchat has seen increased adoption in other countries dealing with turmoil recently, a forked version of the app called Noghteha has gained notoriety in Iran. Although, there has been controversy with Noghteha due to its closed source aspects and collection of donations.

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Upcoming ‘Bitcoin’ Movie With Casey Affleck, Gal Gadot Probes Satoshi’s Identity

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Upcoming ‘Bitcoin’ Movie With Casey Affleck, Gal Gadot Probes Satoshi’s Identity

Key Takeaways:

  • New Bitcoin film stars Casey Affleck and Gal Gadot, probing Satoshi Nakamoto’s identity.
  • Craig Wright’s disputed role deepens divisions across Bitcoin developers and market participants.
  • Industry reaction may polarize further as the film revives debate over Bitcoin’s origins.

Bitcoin Creator Dispute Moves Into Mainstream Film

The mystery surrounding Bitcoin’s creator is moving into the mainstream as “ Bitcoin,” previously referred to in online reports as “ Bitcoin: Killing Satoshi,” adapts one of crypto’s most contested debates to the screen. Ahead of the Cannes market, Patrick Wachsberger’s 193, a film sales and production company, launched international sales on the project, signaling a push to global buyers. Around the same time, Acme AI & FX, the production company behind the film, confirmed it had wrapped production on the Doug Liman-directed feature. The movie, described as the “first fully-generated, studio-quality AI feature film,” centers on the unresolved question of who created Bitcoin and why that issue continues to influence industry discussions and market perception.

The story follows Charlotte “Lotte” Miller, a war correspondent played by Gal Gadot, who is recruited by blockchain investor Calvin Ayre, portrayed by Pete Davidson, to write an investigative report on Australian computer scientist Craig Wright. Casey Affleck plays Wright, with Isla Fisher also appearing in the cast. The film was written by Nick Schenk and produced by Ryan Kavanaugh and Lawrence Grey, with production beginning at the end of February. The synopsis described the film:

“A high-stakes conspiracy thriller that asks the question no one in power wants answered.”

A longer description presents the movie as the story of one man’s effort to prove he created Bitcoin, a claim that allegedly puts his life in danger and sparks a global controversy involving tech billionaires, world leaders, and the future of the financial system.

Craig Wright Claims Renew Industry Polarization

From a Bitcoin industry standpoint, the film enters a highly disputed issue. Wright’s claim that he is Satoshi Nakamoto has been challenged for years by developers, researchers, and other participants in the sector, many of whom point to the lack of accepted cryptographic proof. A 2024 U.K. court ruling also rejected his claim, adding legal weight to that skepticism. Within parts of the BTC community, Wright is widely referred to as “Faketoshi,” and critics have accused him of fraud tied to those assertions.

The production approach has also drawn attention, as the “fully-generated” label refers largely to AI-built environments and visuals, while actors perform traditionally with digital settings added in post-production. At the same time, the subject matter is likely to drive industry reaction, as many bitcoiners view the claims as legally and technically discredited rather than unresolved.

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That divide helps explain why the film is likely to provoke a polarized response across crypto. Many will see it as reopening a debate already settled by legal findings and technical evidence, while others may view it as an attempt to revisit unanswered questions around motive and power. The synopsis stated:

“All this leads Lotte, and the audience, to the central question — If Craig Wright didn’t invent Bitcoin, why is a coalition controlling trillions in global wealth spending hundreds of millions and risking everything to destroy him?”

“This is an exciting and gripping story, set in the mysterious and high-stakes real world of crypto,” Wachsberger told Deadline. The positioning underscores how the film is being framed, not just as a thriller, but as a mainstream take on one of bitcoin’s most contested narratives, where claims have long been weighed against verifiable proof.

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1 Cryptocurrency to Buy While It’s Under $80,000

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1 Cryptocurrency to Buy While It’s Under ,000

Key Points

  • Investor pessimism toward the digital asset market has driven this top cryptocurrency 40% off its record high from last October.

  • History reveals that fiat currencies often end in collapse, paving the way for this innovative monetary asset to find greater adoption across the global economy.

  • Besides being electronic, scarcity and neutrality support this cryptocurrency’s value proposition.

It hasn’t been an enjoyable time if you have money tied up in cryptocurrencies. After the market’s valuation peaked at $4.4 trillion in October, we’ve witnessed a downward spiral that has resulted in that figure plummeting to $2.6 trillion today (as of April 17).

On the other hand, the S&P 500 index climbed 5% during the same time. It’s completely understandable if people want to forget about digital assets. They aren’t the easiest to hold; it’s hard to handle the volatility.

Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »

However, a monster opportunity is staring investors in the face. Here’s the cryptocurrency to buy right now, especially since it trades under $80,000.

Image source: Getty Images.

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It usually doesn’t end well for fiat currencies

It’s time to shine the spotlight on Bitcoin(CRYPTO: BTC), the world’s first and most valuable cryptocurrency, with a market cap of $1.5 trillion. Bitcoin is a decentralized monetary network that was built to allow anyone in the world to transfer value to anyone else anywhere in the world without the use of an intermediary. It was a technological breakthrough at the time. And it still is today.

To understand the enormous importance of a completely novel monetary network to emerge, one that’s digital, immutable, and not controlled by anyone, it requires looking at the past. Fiat currencies, like the U.S. dollar, have a troubled history.

Since President Richard Nixon ended the convertibility of U.S. dollars to gold in 1971, the world economy has operated on government-backed, or fiat, currencies. The U.S. dollar has been the global reserve currency.

But the track record is impossible to ignore. Fiat currencies often end in collapse. Before the U.S. dollar’s current reign, it was the British Pound sterling. Over time, inflation decreases purchasing power, sometimes rapidly.

Is the writing on the wall for the U.S. dollar? Persistent fiscal deficits in the U.S., an ever-expanding debt burden that’s nearing $40 trillion, loss of public confidence and trust, and political instability are all clear signs that cracks in the system are forming.

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While unsustainable things can go on for much longer than people anticipate, perhaps it’s only a matter of time before the U.S. dollar’s dominance comes to an end. And Bitcoin appears well-positioned to be a winner from this development.

The history lesson naturally leads to Bitcoin

After gaining more knowledge about the history of fiat currencies, investors will figure out the best ways to allocate capital to maintain and grow their purchasing power over the next decade. High-quality stocks, particularly in businesses that possess pricing power, present one idea. Real estate and commodities are also interesting if you have expertise in these areas.

Gold also comes to mind. It might not be a coincidence that the precious metal’s price doubled in the past two years. Those in charge of large pools of capital might be considering some of the variables that I just discussed, leading them to direct money toward an asset that has been viewed as a top store of value for millennia.

I believe, however, that Bitcoin is the best bet if you think there’s even a tiny chance that the U.S. dollar will collapse as its predecessors did.

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Bitcoin is superior to gold, in my opinion. It’s purely digital, while also being divisible, allowing people to transact with it. It’s borderless and portable. And it’s finite, with a hard supply cap of 21 million units. It makes sense that a neutral monetary asset would succeed, or at least rise alongside, the U.S. dollar’s run. Individuals, corporations, financial institutions, and governments should gravitate toward the supreme cryptocurrency.

And that supports a much higher price a decade from now, with the upside even bigger on a longer time horizon. With Bitcoin trading 40% off its peak, at a price that’s under $80,000 right now, investors have the opportunity to buy what could end up being the dominant financial instrument in the economy one day.

Should you buy stock in Bitcoin right now?

Before you buy stock in Bitcoin, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $524,786!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,236,406!*

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Now, it’s worth noting Stock Advisor’s total average return is 994% — a market-crushing outperformance compared to 199% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

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*Stock Advisor returns as of April 19, 2026.

Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.

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Arthur Hayes Warns Bitcoin May Stall Until Liquidity Returns

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Arthur Hayes Warns Bitcoin May Stall Until Liquidity Returns

Key Takeaways:

  • Arthur Hayes ties bitcoin’s outlook to global liquidity, with upside dependent on policy-driven liquidity.
  • Geopolitics create a bearish setup as war risk, deleveraging, and AI-driven stress weigh on markets.
  • Liquidity injections could lift bitcoin once credit stress forces intervention.

Bitcoin Outlook Hinges on Liquidity

Arthur Hayes’ latest market note, titled “No Trade Zone,” signals that bitcoin’s outlook is increasingly tied to global liquidity conditions rather than traditional macro indicators. On April 15, the Bitmex co-founder and Maelstrom CIO outlined a cautious stance, citing geopolitical tensions and artificial intelligence-driven economic risks as key constraints. The essay presents BTC as vulnerable in the short term but positioned to respond to future monetary expansion.

Hayes centered his outlook on monetary conditions rather than conventional valuation models. He asked, “Do you believe the quantity or the price of money is more important when valuing bitcoin?” He then answered with a direct thesis:

“I believe the quantity of money determines the price of bitcoin, not its price.”

That view underpins his broader market framework, which expects bitcoin to struggle during periods of forced deleveraging, then strengthen when policymakers expand credit. He tied that dynamic to several geopolitical outcomes involving the Strait of Hormuz, as well as to a domestic economic slowdown driven by job losses among white-collar workers. In Hayes’ view, those pressures could hit credit quality, weigh on banks, and delay any durable crypto rally until authorities supply fresh liquidity to stabilize the system.

War Risk and Credit Stress Threaten Rally

That caution appears clearly in one of the essay’s most specific forecasts. “ Bitcoin might bounce a bit after the situation reverts to the pre-war status quo,” Hayes wrote. “However, the AI agentic deflation bomb still ticks below the surface. Until the Fed provides the liquidity needed to plug the black hole in banks’ balance sheets caused by consumer credit defaults, bitcoin will not meaningfully rise.” He further shared:

“That’s not to say it couldn’t spike to $80,000 to $90,000, but for me putting new units of fiat at risk requires an all-clear from the Fed.”

The statement shows that he still sees upside potential, but not before broader financial stress is addressed.

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Hayes also warned that market stress could produce another sharp bitcoin selloff before any recovery takes hold. “As investors de-risk their portfolios because of higher volatility and lower prices, investors sell bitcoin to meet margin calls,” he described, adding: “Only when things get bad enough will bitcoin rise, as expectations of a bailout become the consensus.” In the most extreme scenario, even a liquidity-fueled rally may not last. As Hayes put it: “The rally in bitcoin, inspired by money printing, might be short-lived because the destruction of the Iranian state materially raises the prospect of WW3.” Taken together, the essay presents a conditional forecast: near-term volatility remains high, while any lasting upside still depends on crisis-era money creation.

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