Iran crypto balloons to $8bn with Bitcoin price up 2,000% as economy crumbles, Chainalysis finds
Iran’s cryptocurrency market is surging faster than almost anywhere else on the planet, according to a new report by Chainalysis.
The country’s crypto ecosystem reached nearly $8 billion in 2025, or over 2% of the country’s entire annual GDP. The price of Bitcoin has surged about 2,000% in the local currency over the past six months, FX desks show.
Geopolitical turbulence, domestic unrest, and local currency collapse are forcing citizens and state-linked actors toward digital assets, Chainalysis said.
“Cryptocurrency represents not just a sanctions workaround but a way to opt out of a failing system controlled by an increasingly desperate regime,” Chainalysis wrote.
The findings come as the local currency, the…
