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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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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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A new, covert trade route emerged: Iran began selling oil for crypto, primarily to countries like China, Russia, and Venezuela, creating an "invisible, borderless, and effective" digital Silk Road. Iran's actions demonstrated that empires are threatened not by invasion, but when others abandon their established rules. By using code and conviction, Iran didn't just survive; it showcased how crypto could rewrite the past and offer an escape from traditional financial control. This is why established powers fear crypto – not for its volatility, but for its ability to dismantle rules they can't control. Iran utilized Bitcoin as a "weapon of peace," revealing the vulnerability of a system that assumed no one would dare to leave.
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