Iran Crisis Exposes the Limits of BRICS Unity and Moral Authority
The geopolitical tensions surrounding Iran's economic collapse have starkly revealed the fragility of BRICS solidarity. Nationwide protests, triggered by the rial's plunge to 1.42 million per US dollar and 40% inflation, are testing the bloc's credibility as a unified force. Tehran's Grand Bazaar strikes and energy shortages now underscore a critical divergence: while BRICS members project collective strength, Iran's economic freefall—with growth trailing all peers—exposes fundamental fractures.
Market watchers note that such instability often drives capital toward decentralized assets. Historically, cryptocurrencies like BTC and ETH have served as hedges against hyperinflation, though their volatility remains a concern. The Atlantic Council's analysis suggests Iran's crisis may accelerate crypto adoption among unbanked populations, particularly through exchanges like Binance and Bybit that operate in emerging markets.
