Billionaire Ackman Claims Block's Bitchat Could Aid Communication in Iran
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 19 2026
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Source: Benzinga
- Application Potential: Billionaire hedge fund manager Bill Ackman stated that Block's Bitchat app could serve as an effective communication tool in restricted environments like Iran, particularly during nationwide internet shutdowns, aiding protesters in relaying information.
- Technical Advantages: Bitchat transmits messages via Bluetooth within a 30-meter range and employs 'ephemeral messaging' technology, ensuring that messages are stored only on devices and not on a central database, thereby enhancing user privacy and security.
- Bitcoin Integration: The app not only facilitates messaging but also allows users to send Bitcoin, further increasing its utility in economic transactions, especially in the context of economic sanctions.
- Clone App Issues: Although a clone of Bitchat was launched for Iranian users, developers flagged multiple issues with it, indicating that the original Bitchat has clear advantages in functionality and security, which may influence user choices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
