Iran Violent Turmoil Could Be Catalyst for Next Bitcoin Surge

• Protesters take over the streets of Iran after the government announced dramatic fuel price hikes.
• The regime has blocked internet access and closed its Iran border.
• Iranians are facing a dire situation which will likely force many to resort to a currency that offers a safe and portable store of value, such as bitcoin.

Civil unrest erupted in Iran as protesters took to the streets to express their anger over the government’s decision to ration gas and increase price by at least 50 percent. The move came after U.S. sanctions limited the flow of petrodollars, forcing the oil-rich nation to reduce subsidies. Financial Times reported that Iranians received news on Friday that each motorist would be limited to 60 liters of fuel per month. Motorists can still get extra fuel, but they have to pay double the amount.

To show their disappointment, many Iranians left their cars on the road and blocked Tehran’s major highways. Some protesters burned down banks, government buildings, and…