Quote from: Tolosi on Today at 03:01:43 PM

BREAKING: TURKEY FINANCE MINISTER INSIDER CONFIRMED THE COUNTRY IS ABOUT TO ADOPT BITCOIN AS LEGAL TENDER EARLY NEXT MONTH

I didn't read that news yet, is it confirmed? Recep Erdogan meet with the leader of El Salvador this week but so far I didn't see any big changes. Turkey is having a big inflation problem with no real solution at the moment. The corona crisis hit Turkey especially hard since the country focuses a lot on the Services and Tourism Sectors. It is not like Turkey has a lot of resources or is exporting a lot of products. Any shock to demand is sending the economy downward directly. On top of that is there political pressure on Erdogan himself. Going for bitcoins as legal tender could help to combat the high inflation but it would also mean that there will be a lot of pressure on Turkey to actually deal in crypto currencies. Turkey is much larger than Cuba or El Salvador, the size of bitcoins that would being used is also much larger.