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Following President Donald Trump’s announcement that the US would pull out of the Iran nuclear deal, the Iranian rial crashed from $0.00003 to $0.00002, or 50,000 rials to the dollar. Will this cause Iranians to turn to Bitcoin and other cryptocurrencies? Fleeing to Crypto Iran’s economic hardship heightened by sanctions and the US withdrawal from the nuclear deal will cause Iranians to buy more cryptocurrencies, said Weiss Cryptocurrency Ratings analyst Juan Villaverde in a blog post today.
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The post Iranians Will Buy Cryptocurrency As Economy Collapses, Analyst Says appeared first on Bitcoinist.com.
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