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According to Chainalysis, the use of cryptocurrencies in Iran has increased sharply due to mass protests. Iranians are buying a significant amount of BTC to preserve their funds in times of instability.
According to a Chainalysis report, in 2025 the volume of Iran’s cryptocurrency ecosystem reached $7.78 billion, with the number of transactions increasing noticeably at the end of the year. Mass protests in the country began on December 28 and continue to this day. The reason for them was the deterioration of the country’s economy and a record drop in the exchange rate of the rial against the dollar.
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“Indicative is the sharp increase in the withdrawal of funds from Iranian cryptocurrency exchanges to personal Bitcoin wallets. This spike suggests that Iranians are significantly more likely to buy Bitcoin during protests. This behavior is a rational reaction to the collapse of the Iranian rial, which is now virtually worthless against major currencies such as the dollar and euro,” analysts write.
Chainalysis emphasizes that the Iranian government also uses digital assets. The cryptocurrency activities of the Islamic Revolutionary Guard Corps (IRGC) accounted for half of the country’s entire crypto ecosystem in the fourth quarter of 2025. Over the past year, more than $3 billion in assets arrived at addresses associated with the IRGC.
It was previously reported that the IRGC used two British cryptocurrency exchanges to circumvent international sanctions. The amount of transactions over 2 years amounted to about $1 billion.
