Turkey does have a huge economic problem when it comes to inflation right now.

And don't get me wrong, I do think that Turkish citizens are going to be seriously looking into bitcoin as an alternative in terms of hedging against their Lira's inflation in order to preserve their wealth in something that is outside of their country's economy. But I simply don't see the justification for an entire bull market just because of this.

The excess demand generated from this is negligible, and probably is over hyped by the media. Bitcoin definitely can help these Turks, though, for sure.