[Bitwise CEO: Iran's Currency Collapse Highlights Bitcoin's Value Preservation Role] As the Iranian rial's exchange rate against the US dollar fell to a historic low, large-scale protests erupted in Tehran, with citizens attributing the currency's devaluation to the central bank's fiscal and monetary policy failures. Bitwise CEO Hunter Horsley stated that Bitcoin provides people worldwide with a new way to protect their wealth in the context of fiat currency devaluation. Since the conflict with Israel began in June this year, the rial's purchasing power has shrunk by more than 40%, with the official exchange rate at approximately 1.4 million rials to 1 US dollar. Alex Gladstein, Chief Strategy Officer of the Bitcoin Human Rights Foundation, mentioned that in the early 1980s, the official exchange rate was only 70 rials to 1 US dollar. The governor of Iran's central bank has resigned due to the protests, further increasing market uncertainty. VanEck's Head of Research, Matthew Sigel, pointed out that Iran has recently cracked down on unregistered Bitcoin mining activities and encouraged citizens to report their neighbors. Analysts note that discussions around Bitcoin as a decentralized store of value are on the rise.