Is the Middle East Conflict Driving Bitcoin Demand in Iran?
LocalBitcoins volume is another indicator and according to coin.dance it has pretty much dried up. The regime cutting off internet access in recent months will have undoubtedly impacted people’s ability to buy and sell bitcoin. So it appears that there has been no local increase in demand or interest in BTC in Iran following recent events. The global picture tells a different story however as the asset has climbed 8.5% since the beginning of the year and spiked to a seven week high when as the conflict intensified and the news broke. Why are Iranians not interested in bitcoin? Add your comments below.
Images via Shutterstock, Charts by Coin.dance The post appeared first on Bitcoinist.com.
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