Ayandeh Bank Bankruptcy Spark Crypto Demand
Dem Ayandeh Bank don declare say e bankrupt afta di private loan pipo show say dem loss $5.1 billion and dem debt $3 billion. Dem dey run 270 branch for Iran, Ayandeh serve pass 42 million customers weh all dia money dem dey watch by di state-owned Bank Melli now. Dis Ayandeh Bank bankruptcy show say di banking system for Iran get palava and e resemble wetin happen before wey make crypto dey popular.
Bitcoin 2009 genesis block talk about 2008 bank bailout, and for 2023, di US regional bank wahala push Bitcoin from below $20,000 to pass $29,000. If bank wahala continue for Iran—plus di international sanction, rial loss value, and money shortage—crypto demand fit increase.
Central Bank of Iran dey warn say eight more banks fit collapse if dem no reform. Meanwhile, for June, one local exchange Nobitex get hack weh dem carry $81 million and crypto flow drop by 11%. Traders fit see dis as chance to move dia money from shakey banks go Bitcoin and other crypto.
Bullish
Di bankrupt Debi Ayandeh Bank dey make people nor trust di banking system for Iran again, e fit make traders move dia money go Bitcoin as safe place. For short time, dis fit make Bitcoin trading and price go high because people wey bank take over dis dey try balance dem money. For the past, banking wahala dem – like di 2008 bailout wey dem write for Bitcoin genesis block and di US regional bank waka early 2023 – don make price jump well well. For long time, di weak system, sanction pressure and money short fit make crypto still dey popular for Iran, make Bitcoin continue to get good price because local wahala like Nobitex hack no fit stop am.