Apparently the price has trebled on the local Bitcoins market. So is it rich people trying to preserve their wealth, or is it people using it for everyday purchases? Mohammad Reza Pourebrahimi, chairman of Irans economic commission, has stated that more than $2.5 billion has been transferred out of the country via Bitcoin. Will this be the primary function of Bitcoin as we creep towards World War 3?
That is one good way to transfer a huge amount of money through btc because if they had it over the banks they might get interfered as the situation of Iran and US is getting ugly. Btc will be recognized as a store of wealth once world war 3 is going to happen. Paper money is not safe not even the banks in storing the wealth.