Some places are reporting that Bitcoin has hit $24k in Iran and they’re wrong because they’re calculating BTC->USD->IRR by the official USD->IRR rate (42000 IRR = 1 USD), whereas in the market it’s being traded at the market rate (~130000 IRR = 1 USD) so everyone’s accidentally inflating the price by 3x.
Source: I'm an Iranian.
Submitted January 04, 2020 at 01:24PM by Prodigy510 http://bit.ly/35nHpn2
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