Iranians are increasingly turning to Bitcoin as a means of financial security amid the ongoing military conflict, with outflows from major Iranian platforms spiking over 700% following recent strikes. This surge in activity underscores the cryptocurrency’s role as a flight-to-safety asset, allowing individuals to bypass local banking risks and capital controls. Additionally, many are opting for self-custody, withdrawing Bitcoin into personal wallets to maintain direct control over their holdings in this high-risk environment.
Iranians buy Bitcoin as conflict triggers 700% withdrawal surge
