After the Iranian government legalized the mining, the cost of Bitcoin on local exchanges soared to 24,000, with an average price level of 6,400.
Also, “unhealthy” demand for crypto currency is now observed in Turkey and Venezuela, Sotsortal reports with reference to the channel @Coin_Post.
These three countries are united by a bad economic situation, which caused a sharp depreciation of national currencies.
Therefore, the population decided to save their savings by investing them in Bitcoin and other crypto-currencies.
Why in Bitcoin, not in dollars or gold?
Because the markets of currencies and precious metals are controlled by the state and no one will allow the population to freely buy these assets during the economic crisis.
On the contrary, in such a situation, governments are trying to take away the savings of their citizens.
But Bitcoin can be purchased with a high level of confidentiality and no country, not even China, has learned to effectively fight the crypto-currency market.
Bitcoin gives maximum freedom of action when buying, storing, transferring or selling, unlike other assets to preserve value.
What is your opinion about this?