Post
Topic
Board Economics
Re: The interest in Bitcoin in Turkey
by
TheGreatPython
on 31/08/2022, 21:19:13 UTC
Interest in crypto among Turks, like the rest of the world, has increased over the years. But Turkey’s economic crisis has pushed millions of curious observers to actually sink their savings into Bitcoin, Ethereum and other coins. The new converts aren’t simply drawn to the investment promise of cryptocurrencies, which are prone to wild, volatile price swings. They see virtual currencies as a potential store of value to shield their savings as the lira is roiled by routs that saw the Turkish currency lose more than 40 percent of its value last year alone.
Not like the rest because the adoption rate on other countries are slower compared to what is showing there by the turks even though crisis such as inflation are also felt globally. Maybe people on turkey is more open minded and willing to try new things even if they know that it can be risky but luckily they are right with their choice.

Many people already proves the positive effect of bitcoin and they encourage more people to do the same thing. I like this kind of mentality better not unlike to the others out there which will only depend on the government and sometimes they blame the government for the difficulties that they are experiencing.