According to state-run media sources, the Islamic Republic of Iran has over 83,000 Bitcoin millionaire wallets, with the government controlling over 45,000 crypto mining machines.
If this is the case, then the following tweet from Waqar Zaka, the showrunner of Living on the Edge, is a distinct possibility.
Despite shrinking foreign exchange reserves and harsh sanctions, Iran is well on its way to becoming the world’s wealthiest nation, thanks to its massive Bitcoin holdings.
Iran legalized cryptocurrency in October 2020, allowing people to deposit Bitcoin mined by them into state coffers to pay for imports. At first glance, this seems to be very smart. Brian Hook, the US Special Representative for Iran, said in a speech to the Council on Foreign Relations last December,
“The regime is having difficulty obtaining the foreign currency needed to import equipment, industrial inputs, and consumer goods.
The Ministry of Energy and the Central Bank of Iran (CBI) enacted a new law that “allows the country’s legally licensed cryptocurrency miners to sell the tokens they mine to CBI.”
