How Crypto Saved Turkish People From Inflation

How Crypto Saved Turkish People From Inflation

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Latest official sources say that inflation in Turkey reached 80% this year, even though the unofficial sources claim it to be the whole 140% back in April.

To say that it affected Turkish people a lot is to say nothing. But there was something that helped and still helped to break the fall: cryptocurrencies. Today Turkey stands as a country with one the highest number of crypto owners in the world.
The data shows that over 20% of the whole population had some crypto assets as of 2019, and over 25% as of 2021.
And even the current bear market couldn't extinguish their crypto enthusiasm. You would think that BTC dropping 71% would make them lose their interest. Well the thing is that Turkish lira has tanked even harder than that, leaving Turkish people to stay true to

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