How Crypto Saved Turkish People From Inflation

How Crypto Saved Turkish People From Inflation

194
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

How SEC's Policies Affect Bitcoin and What Could Change Under Trump
ETFs for Ethereum are Hitting the Markets
Clients of Mt. Gox Exchange to Receive $9 Billion in Bitcoin
Ethereum ETF to Launch in the US in July
What is Bitcoin Dominance
Which Countries Hold the Most Bitcoins
Trustpilot