Some places are reporting that Bitcoin has hit $24k in Iran and they’re wrong because they’re calculating BTC->USD->IRR by the official USD->IRR rate (42000 IRR = 1 USD), whereas in the market it’s being traded at the market rate (~130000 IRR = 1 USD) so everyone’s accidentally inflating the price by 3x.
Source: I'm an Iranian.
submitted by /u/Prodigy510
[link] [comments]
Source and link to Reddit topic: Bitcoin is NOT actually trading at $20k+ in Iran
Author: Reddit.com
Leave a Reply