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The Tehran Stock Exchange is in a rough patch. Continuous selling has trapped shareholders' capital while significant capital has fled the markets. However, the head of an international investment fund that focuses on Iran's capital market spoke to Bloomberg, stating that investing the Tehran Stock Exchange is similar to buying Bitcoin in 2010 - it is hard work, but it has serious upside potential.
Maciej Wojtal indicates investing in Iran's capital market has significant barriers to entry. "The disconnection of Iranian banks from the SWIFT system, international sanctions and currency controls have made it all very complicated to access," he told Bloomberg.
The fund manager believes that Iran has the potential to develop an economy at the level of Turkey. Wojtal repeated that this would be unlocked if Iran's political relations with the West radically changed. "If they started to improve, a huge influx of capital into the country could spike asset prices sharply."
He compared it to the Bitcoin opportunity back in 2010, saying at that time buying and holding Bitcoin was hard work but early adopters made staggering returns.
