Iran's cryptocurrency ecosystem is projected to reach $7.78 billion by 2025, according to a Chainalysis report. The growth is driven by domestic protests and currency devaluation, which have increased the demand for Bitcoin as a safe-haven asset. During the protests and internet censorship in late December, there was a notable surge in Bitcoin withdrawals from exchanges to personal wallets. The report also highlights that over 50% of Iran's cryptocurrency value in Q4 2025 was linked to addresses associated with the Iranian Islamic Revolutionary Guard Corps. This indicates a growing reliance on crypto channels by state-backed actors amid ongoing sanctions.