I read a few articles yesterday about the price of Bitcoin that touched the price of USD 24,000 in Iran, see the following article:
even up to 26000 usd
you can see all the market price here in irani local exchange
the questions are:
why is the price of Bitcoin in Iran is more expensive than global prices?
Is it really possible for a country to determine the selling price of Bitcoin?
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even up to 26000 usd
Quote
you can see all the market price here in irani local exchange
Quote
the questions are:
why is the price of Bitcoin in Iran is more expensive than global prices?
Is it really possible for a country to determine the selling price of Bitcoin?
I suspect that this is a misleading story. I suspect that when people use Iranian currency to buy BTC and then compare the artificially high "official" exchange rate for Iranian to US currency, it looks like people were spending $24,000 for BTC. But, as the article alludes to, the street value of Iranian currency is much lower than the government's stated exchange rate.
