Post
Topic
Board Economics
Merits 2 from 2 users
Re: Turkey’s economic crisis can trigger the next crypto bull run
by
hatshepsut93
on 26/08/2018, 03:45:34 UTC
⭐ Merited by BitHodler (1) ,eaglewhite80 (1)
So far there is no clear example of Bitcoin growing as the result of some economic disaster. People expect that Bitcoin will be used as a hedge, but they forget that Bitcoin is highly volatile and immature, so those who want to preserve their money are more likely to use safer options like gold or foreign currency. Turkey's economy is also too small to have significant effect on Bitcoin, if we had a crisis in EU or the US, that would be more likely to boost Bitcoin's price, but I doubt it would be enough to trigger a true bull run.