Iran’s rial hits record low against US dollar, sparking protests in major cities. Inflation reaches 42.2% in December, with food prices surging 72%. Amid economic crisis, Central Bank Governor resigns. Gold soars as traditional safe haven, but Bitcoin gains attention as potential hedge. Bitwise CEO suggests Bitcoin as protection against financial turmoil. Rising inflation globally leads investors to consider Bitcoin as a tool to preserve purchasing power. Worldwide data shows 46% of crypto users use digital assets to hedge against inflation. Bitcoin viewed as alternative in environments of chronic inflation and political instability.

Read more at Yahoo Finance: Bitwise CEO Points to Bitcoin Amid Iran’s Deepening Currency Crisis