Post
Topic
Board Economics
Re: Turkey’s economic crisis can trigger the next crypto bull run
by
Juggy777
on 26/08/2018, 18:06:39 UTC
Hi;

As being Turkish citizen I am not buying more crypto assets. Especially I prefer to keep my fiat in € and $ currencies instead of crypto money for risk diversification. I don't think this current situation going to be trig another bull run but this crisis going to be deeper for sure.

Kind regards

I do not think personally that this situation shall fire up a bull run, my reasoning is based on the fact that the Turks won't jump into a volatile instrument while trying to escape one. I don't think there's been any upward movement since the news broke out. This type of crisis is common and often happens where there is over printing of the currency, also it's pertinent to note the Turks are buying their fiat more or migrating to usd, there's no unusual demand seen from the Turkish nation, so it's fair to say we won't see a bull run based on this crisis.