{"id":16304,"date":"2026-04-24T23:59:43","date_gmt":"2026-04-24T20:29:43","guid":{"rendered":"https:\/\/farhadsalimi.com\/didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin\/"},"modified":"2026-08-29T20:33:45","modified_gmt":"2026-08-29T17:03:45","slug":"didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin","status":"publish","type":"post","link":"https:\/\/farhadsalimi.com\/en\/didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin\/","title":{"rendered":"Farhad Moghadam Salimi&#8217;s views on the future of blockchain, Bitcoin, and digital currency"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87_1 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/farhadsalimi.com\/en\/didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin\/#1_Blockchain_as_a_general_purpose_technology\" >1. Blockchain as a general purpose technology<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/farhadsalimi.com\/en\/didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin\/#2_Bitcoin_as_a_digital_store_of_value\" >2. Bitcoin as a digital store of value<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/farhadsalimi.com\/en\/didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin\/#3_The_importance_of_on-chain_analysis\" >3. The importance of on-chain analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/farhadsalimi.com\/en\/didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin\/#4_Caution_towards_pump-and-dump_projects\" >4. Caution towards pump-and-dump projects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/farhadsalimi.com\/en\/didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin\/#5_Decentralised_exchanges_and_automated_market_makers\" >5. Decentralised exchanges and automated market makers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/farhadsalimi.com\/en\/didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin\/#6_The_future_of_Ethereum_and_layer-2_networks\" >6. The future of Ethereum and layer-2 networks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/farhadsalimi.com\/en\/didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin\/#7_Risk_management_is_not_optional\" >7. Risk management is not optional<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/farhadsalimi.com\/en\/didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin\/#8_Taking_the_long_view\" >8. Taking the long view<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/farhadsalimi.com\/en\/didgahhaye-farhad-moghadam-salimi-ayande-blockchain-bitcoin\/#Further_reading\" >Further reading<\/a><\/li><\/ul><\/nav><\/div>\n<p>Farhad Moghadam Salimi, founder of Farhad Exchange and CEO of EgeMoney, has shared his views on the future of blockchain, Bitcoin and digital currencies with the region&#8217;s financial community since cryptocurrencies first appeared in Iran and the surrounding markets. This article summarises his most significant positions over the past two decades.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"1_Blockchain_as_a_general_purpose_technology\"><\/span>1. Blockchain as a general purpose technology<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Farhad Moghadam Salimi holds that blockchain is a General Purpose Technology (GPT) in the same sense as electricity and the internet \u2014 a technology whose effects reach far beyond any single industry and which, over the long run, reshapes the structure of the world economy. He set out this view in detail in his article on general purpose technology and its effect on the economy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Bitcoin_as_a_digital_store_of_value\"><\/span>2. Bitcoin as a digital store of value<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In his view Bitcoin is no longer simply digital money; it has become a global store of value. Given the 21-million-unit cap, the periodic halvings and institutional adoption through ETFs, Bitcoin has established its place in institutional investors&#8217; portfolios.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_The_importance_of_on-chain_analysis\"><\/span>3. The importance of on-chain analysis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On-chain analysis is one of his central areas of expertise. He argues that in crypto markets \u2014 unlike traditional markets \u2014 every transaction is visible on the blockchain, and that this is an information advantage available to analysts nowhere else. Tools such as IntoTheBlock and on-chain data are an integral part of EgeMoney&#8217;s weekly analysis.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Caution_towards_pump-and-dump_projects\"><\/span>4. Caution towards pump-and-dump projects<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>He consistently urges newer investors to stay away from projects with no credible white paper, no identifiable team, and unrealistic promises of return. In articles on pump-and-dump schemes and on Ponzi structures he has set out in detail how to recognise these frauds.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Decentralised_exchanges_and_automated_market_makers\"><\/span>5. Decentralised exchanges and automated market makers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Farhad Moghadam Salimi regards decentralised exchanges and automated market makers (AMMs) as among the most significant innovations in the crypto industry. He nonetheless holds that in the early stages of adoption, centralised exchanges continue to act as the bridge between traditional markets and the digital world.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"6_The_future_of_Ethereum_and_layer-2_networks\"><\/span>6. The future of Ethereum and layer-2 networks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In his view, Ethereum \u2014 through its move to proof of stake, successive network upgrades, and the growth of layer-2 networks such as Arbitrum and Optimism \u2014 is on the path to becoming the default infrastructure for decentralised finance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"7_Risk_management_is_not_optional\"><\/span>7. Risk management is not optional<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of his constant principles when advising traders is disciplined risk management: setting a stop loss, avoiding excessive leverage, diversifying the portfolio, and refusing to make decisions emotionally. These principles recur throughout his articles and weekly analysis.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"8_Taking_the_long_view\"><\/span>8. Taking the long view<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>He believes the cryptocurrency market will enter a phase of full institutionalisation over the next five to ten years, much as the US equity market did in the 1980s. In his view, those who invest today in fundamentally strong projects while observing risk management will see considerable results over that horizon.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Further_reading\"><\/span>Further reading<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/farhadsalimi.com\/en\/farhad-moghadam-salimi-biography\/\">full biography of Farhad Moghadam Salimi<\/a> \u00b7 <a href=\"https:\/\/farhadsalimi.com\/en\/faq-farhad-moghadam-salimi-farhad-exchange-egemoney\/\">frequently asked questions<\/a> \u00b7 <a href=\"https:\/\/farhadsalimi.com\/en\/mahkoumiyat-jorjandi-hokm-dadgah\/\">conviction of Mohammad Jorjandi<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A summary of Farhad Moghadam Salimi&#8217;s most important analyses and views on blockchain, Bitcoin, Ethereum, Unchain analysis, and risk management in the cryptocurrency market.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-16304","post","type-post","status-publish","format-standard","category-articles-en"],"_links":{"self":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/posts\/16304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/comments?post=16304"}],"version-history":[{"count":0,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/posts\/16304\/revisions"}],"wp:attachment":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/media?parent=16304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/categories?post=16304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/tags?post=16304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}