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Shoaib
@psydeffects
POLITICS IRAN and BITCOIN In 2020, facing severe U.S. sanctions that crippled its economy, Iran turned to Bitcoin not as a typical investment, but as a survival strategy. With access to global trade, oil exports, and traditional banking systems like SWIFT and the dollar cut off, Iran built an alternative financial network based on blockchain technology. This move wasn't about the idealized financial freedom often touted by crypto enthusiasts; it was about geopolitical defiance. Iran leveraged Bitcoin to fund infrastructure, circumvent Western financial restrictions, and train a new generation of financial operators. The underlying message was clear: when traditional methods of pressure fail, blockchains offer an unstoppable alternative. Cont in comments.
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Shoaib
@psydeffects
Iran's actions resonated globally. Nations like North Korea initiated crypto mining, Russia explored digital ruble trade mechanisms, and the BRICS nations considered central bank digital currency (CBDC) for oil transactions. Bitcoin proved effective because algorithms can't be sanctioned, anonymous wallets can't be frozen, and mining operations within a nation's borders are difficult to stop. Iran's government even directly engaged in Bitcoin mining, subsidizing electricity and safeguarding mining farms, effectively weaponizing its hash rate against the U.S.'s weaponization of the dollar.
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