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Michael Saylor Shared: ENAGRUP, a research organization that assesses thousands of prices within Turkey, said Monday that the true annual inflation rate is 82.81%.” TRY BTC.
Community Response: You also have to look at the inflation rates of another country ENAGRUP and say a word. As your country, we are very good compared to other countries.
Bitcoin can make Turkey strong again. The dollar is a dangerous asset. “The last two year’s economic data clearly shows Turkey’s success,” Mr. Erdogan said. LOL.
The bigger role of cryptocurrency itself is to resist inflation. Hail to all the people that were in debt as due to inflation it almost vaporized. And, the problem in Turkey now is that wages are the last thing to go up; however, still the majority of Turkish citizens voted for Erdogan in past elections. Those who didn’t are buying Bitcoin like crazy, which will be their way out of the crisis. While it is a shame it is also true. Many times, people can’t do anything about the facts.
Turkey will be following El Salvador for sure. I don’t believe they insist on the LIRA madness. Wish them all the luck as people have no money to eat with the explosion and prices rising.
Hope with new crypto regulation, Turkey will be crypto friendly and better suited to stand against inflation fueled by USD.
Does this mean that the price of BTC will continue to rise? I want to know if I can reach $100,000 this year. Nice trailer about what will happen in the west in the not-so-distant future. Especially in the euro-zone.
Yes. Bitcoin can fix this about Turkey and the inflation crisis.
In Italy since 2022 gas and electricity increased by 55% (only because Government kept it down artificially) and meat and vegetables +10%. The future is deflationary.
I went to market few days ago, bought 2 bottles of milk and handed 20 LIRA. We had a romantic moment with store guy and I “I don’t want to ruin this special moment, but I am waiting for change (4₺)” he replied “you need to pay 8₺ more”. The gap between 2 price is roughly 35%.”
Don’t worry, they will lower interest rates to battle inflation.
It would be nice if you post pictures of hungry people lying on the streets in America.
Who did Erdogan learn his economics from?
Big time millions each the carnage hasn’t even started this is child’s play. It gives 3 years.
Scary numbers, if only there was a solution for people bitcoin.
ALTs have been outperforming Bitcoin for the past weeks. In 2022 and beyond, the ALTs will imminently outperform the market cap dominance over Bitcoin gradually to least equivalent.
Be marginally greedy when others in fear. Be considerably fearful, when others are greedy.
How is their economy functioning with 83% inflation? There is no way you can make money borrowing or spending is there?
ENAGRUP The research organization, which evaluates thousands of prices in Turkey, said on Monday that the real annual inflation rate is 82.81%.
Unfortunately, you are right the solution is BTC.
