Did Iran Blackouts Cause Bitcoin’s $72K Surge?

A theory claiming Iran’s blackouts cut cheap mining and eased selling pressure as Bitcoin jumped from below $63,000 to over $72,000 doesn’t hold up, experts say. While Iran historically benefited from ultra‑low electricity costs that made mining cheap, its share of the global Bitcoin hashrate has fallen to a low single digit and contributes only a minor portion of total network activity, so any local disruption would have limited impact. The real drivers of the recent price rise include ETF inflows, short liquidations, and broader market recovery, with no significant hashrate drop or on‑chain sell‑offs detected.