Bitcoin's Double Role in Iran's Turbulent Times

In 2025, Bitcoin became a major player in Iran's economy. It served two very different groups: ordinary people and the powerful Islamic Revolutionary Guard Corps (IRGC). This digital currency became a lifeline for citizens facing economic troubles and political unrest. At the same time, the IRGC used it to strengthen its control and influence. The value of Bitcoin transactions in Iran reached over $7. 78 billion in 2025. This was a big jump from the previous year. The report shows that Bitcoin use in Iran is closely tied to political events and conflicts. When protests happen or tensions rise, more people turn to Bitcoin. One key trend was the increase in Bitcoin withdrawals during protests. People moved their Bitcoin to personal wallets, showing they wanted more control over their money. This makes sense in a country where the local currency, the rial, has lost most of its value. With inflation running high, Bitcoin offers a way to protect savings.The report also highlights how Bitcoin use spikes after major events. For example, there was a surge in activity after the Kerman bombings in January 2024. Another spike happened after Iran's missile strikes against Israel in October 2024. These events show how Bitcoin is used as a financial tool during times of crisis. While Bitcoin helps ordinary people, it also benefits the IRGC. The report found that the IRGC controls about half of all crypto activity in Iran. In 2025, IRGC-linked wallets received over $3 billion. This money is used for various purposes, including evading sanctions and funding regional activities. The dual role of Bitcoin in Iran is interesting. It serves as a financial escape for citizens and a tool for the state to evade sanctions. This shows how Bitcoin can be used in different ways, depending on who is using it. The report underscores the neutral nature of Bitcoin, serving both civilians and state actors.