Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Investors Eye Turkey As Lira Plummets 20%
by
jseverson
on 13/08/2018, 09:13:40 UTC
For some perspective, here are the listed exchanges' Bitcoin 24h trading volumes as of this moment according to Coinmarketcap:

Koinim: $235,661   
BtcTurk: $3,367,240
Paribu: $6,686,483

The largest exchanges typically deal with hundreds of millions. I acknowledge that there may be an increase in their trading volume and that that certainly suggests increased demand for Bitcoin, but there's no mass exodus to crypto as the article may suggest.

Still, I find it great that people can (and there are quite a few people that do) turn to crypto in times of domestic unrest. The number could be much greater considering the stakes, but I guess crypto will have to earn more trust first.