Bitwise CEO: Iran's currency collapse sparks protests, highlighting the necessity of Bitcoin as a store of value

ChainCatcher reported that as the Iranian rial fell to a historic low against the US dollar, large-scale protests broke out in Tehran. The public attributed the continuous depreciation of the local currency to the central bank's long-term fiscal and monetary policy failures. In response, Bitwise CEO Hunter Horsley stated on the X platform that economic mismanagement runs through the past, present, and future, and that bitcoin provides ordinary people around the world with a new way to protect their wealth in the context of significant fiat currency depreciation.