Bitcoin's Double Role in Iran's Turbulent Times

In 2025, Bitcoin became a major player in Iran's economy, serving two very different groups:

• Ordinary Citizens
• The Powerful Islamic Revolutionary Guard Corps (IRGC)

A Lifeline for Citizens

For citizens facing economic troubles and political unrest, Bitcoin became a vital tool.

• Transaction Value: Over $7.78 billion in 2025
• Growth: Significant jump from the previous year
• Trend: Increased use during protests and political tensions

Key Observations

• Withdrawals During Protests: Citizens moved Bitcoin to personal wallets for more control
• Currency Devaluation: The rial lost most of its value, driving Bitcoin adoption
• Inflation Protection: Bitcoin offered a way to safeguard savings

Bitcoin and Political Events

The report highlights spikes in Bitcoin activity following major events:

• January 2024: Surge after the Kerman bombings
• October 2024: Spike after Iran's missile strikes against Israel

IRGC's Involvement

The IRGC leveraged Bitcoin for its own purposes:

• Control: Approximately half of all crypto activity in Iran
• Funding: Over $3 billion received by IRGC-linked wallets in 2025
• Uses: Evasion of sanctions and funding regional activities

The Dual Nature of Bitcoin

• For Citizens: A financial escape and protection against inflation
• For the State: A tool to evade sanctions and maintain control

This dual role underscores Bitcoin's neutral nature, serving both civilians and state actors in times of crisis.