How Crypto Saved Turkish People From Inflation

How Crypto Saved Turkish People From Inflation

Subscribe
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

Other news

WSJ: Crypto-industry participants have started to prepare for the collapse of Binance
Binance is leaving Russia. Why it happened and what to do for its users
SEC once again postpones bitcoin-ETF decision
Unsubtle Optimism. How to make Ethereum faster and cheaper for everyone
JPMorgan has banned any cryptocurrency transactions for UK clients
Rapper Snoop Dogg was offered $194 for costing him $7 million NFT