While war may benefit a few people with influence and power, but for the rest of the people, war is never a good thing.
People may have different opinions regarding wars. But most people should know that wars can cost lives, political tensions, and lots of blood and tears that can last for generations.
In Syria, the country in West Asia located in the Eastern Mediterranean and the Levant, it was experiencing what's called the Syrian Civil War, which began in 2011 as part of the Arab Spring uprisings, with pro-democracy protests against President Bashar al-Assad's regime. The government's violent suppression of these protests escalated into a full-scale civil war, involving various domestic and international actors. Over the years, the conflict has resulted in over 500,000 deaths and displaced approximately 14 million people.
Then, in December 2024, the regime of Bashar al-Assad was overthrown by an offensive led by Hayat Tahrir al-Sham (HTS), a coalition of opposition groups. This development has led to significant political and social changes in Syria.
Now, literally freed, the new government is trying to rebuilt what it has lost.

Syrian Civil War has ended. But with over than a decade of conflict, the nation is left with an infrastructure in ruins.
Making things worse, economic sanctions imposed by Western countries have compounded these challenges, leaving the local economy in tatters. And as a result of this, the Syrian pound (SYP) has lost more than 99% of its value, making essential goods like bread and fuel unaffordable for many citizens.
Not to mention that the values SYD lost and the inflation has eroded public trust in traditional banking systems.
Adding to Syria's woes, the overthrow of President Bashar al-Assad's regime by a jihadist group has not improved the economy by much.
With the country’s foreign currency reserves dwindling, and access to global financial systems remains limited, Syria is left struggling to maintain monetary stability.
Despite this dire situation, a ray of hope has emerged.
Syria is exploring the possibility of legalizing Bitcoin, a decision that could dramatically reshape the country’s economic future and offer a path to recovery.

Bitcoin, the creation of Satoshi Nakamoto, is known for its decentralized nature.
Because of this, the cryptocurrency is immune to the geopolitical pressures that have historically plagued Syria. By adopting Bitcoin, Syria could bypass traditional financial systems dominated by Western powers and sanctions. This move could potentially stabilize the currency, restore faith in transactions, and foster economic activity both domestically and internationally.
Bitcoin could also provide a means of shielding Syria from regional economic instability.
The idea is proposed by the Syrian Center for Economic Research (SCER), the initiative aims to address economic instability, inflation, and financial exclusion through blockchain technology and cryptocurrency adoption.
SCER outlines a multi-pronged strategy that includes legalizing Bitcoin for financial transactions, trading, and mining, along with digitizing the Syrian pound using blockchain. This approach aims to stabilize the currency by backing its own abundant natural resources, particularly in oil and natural gas
Additionally, Syria could harness its untapped energy resources for Bitcoin mining, focusing on sustainability and preventing monopolies.
In addition to offering financial independence, Bitcoin aligns with traditional Middle Eastern monetary practices, which have historically been grounded in gold.
, could be leveraged for Bitcoin mining, creating an entirely new revenue stream that bypasses conventional export markets.
This could not only stabilize the economy but also promote innovation in sustainable energy.

Cryptocurrencies already have a presence in Syria, albeit often linked to controversial uses.
Groups like HTS have reportedly used Bitcoin for funding. While the SCER’s plan seeks to legitimize and regulate cryptocurrency usage, concerns remain about potential misuse. The proposal emphasizes strict oversight by the central bank to ensure transparency, security, and accountability in cryptocurrency operations.
Regardless, Syria’s decision to partially back the Syrian pound with Bitcoin is a bold step that could attract foreign investment and align the country with global trends, like the pioneering move made by El Salvador in adopting Bitcoin as legal tender.
Despite ongoing conflict and political uncertainties, integrating Bitcoin could yield long-term economic benefits once the country achieves stability.
By embracing Bitcoin, Syria could offer a potential solution to hyperinflation, currency devaluation, and economic stagnation. Legalizing Bitcoin would provide these nations with a way to safeguard their economies, regain confidence in local currencies, and unlock new avenues for economic growth.
As the global financial landscape continues to evolve, Syria's exploration of Bitcoin offers a glimpse of how cryptocurrencies might address urgent economic challenges.
For nations facing external pressures and internal strife, Bitcoin provides a tool for financial empowerment and self-reliance, creating the potential for a more resilient economic future in the Middle East and North Africa (MENA) region, many of which are grappling with similar economic crises.
Read: With About 450,000 Bitcoins, MicroStrategy Is The Largest Corporate Holder Of The Cryptocurrency