Post
Topic
Board Economics
Re: Bitcoin Hits $24,000 In Iran
by
NeuroticFish
on 06/09/2018, 05:37:23 UTC
I wonder if there is a way to take advantage of this fact. For example, the first thing that comes to mind is arbitrage trading. If you know someone in Iran and if you can move money across the border, probably you can. The other question is if this is just a temporary spike.

This would be either temporary, either some smart Iranians will do that arbitrage until the price evens - more or less.
Interesting is the timing. Unless this is old news, it's surprising that Bitcoin spikes in Iran while it falls badly in the rest of the world (although this should be temporary too, I hope).


Edit: I've read the story and the comments and it looks like the 24k price is incorrect. Any proper news agency would apologize and correct that kind of article...