Re: Turkey’s economic crisis can trigger the next crypto bull run
So far there is no clear example of Bitcoin growing as the result of some economic disaster.
i was about to say..... this OP reminds me of the hype around the 2013 cyprus financial crisis. people kept hyping it for months even though there was no evidence that it was increasing demand for BTC.
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.
some people believe that a major/global economic crisis would somehow be good for BTC (perhaps because it would expose the weaknesses of other assets). but IMO, it really depends how risky BTC is perceived to be---as you pointed out, it definitely hasn't achieved "safe haven" status. in times of crisis, i would expect money to flow into historically stable and hard assets.
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.
that illustrates the point nicely.
