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Bitcoin Magazine shared: Turkey’s inflation surged to 54%, the highest in 20 years. Ever hear about Bitcoin, Mr. President?
Community Response:
TRY to adopt BTC. A country can do it, a corporation can do it, and an individual can do it.
Let’s get ready for the final 30’s retest before we moon in bull. Just like July.
What about BTC? In the last 2 years, it went up to 3k USD to 67k USD inflation rate % and 1300 today. It goes up and down every day.
Turkish people have already invested in crypto. We are actually in the top 5 or something.
People will flock to products with limited supply to avoid inflation.
Especially cryptocurrencies like silver or gold. It should be noted that after the Fed interest rate hikes in 2017, the BTC Rally started. MORE FILM IS Beginning!
It is not %54. It is more than %100.
Is it real that more than 100% of inflation?
I think most Turks have already converted their liras to USDT.
Bitcoin is widely used by Turks, high profile advertising everywhere from local exchanges. The people are not stupid, they are way ahead of Mr. President.
I never keep Turkish Lira. I keep dollars or cryptocurrencies. The value of the watch drops to TL and there is no guarantee at all.
They already have bread lines and wheat is exploding. Revolution might be brewing.
What impact does Bitcoin have on the future? Turkey University, Ankara University has started offering a course on NFT, which is a good way to delve into cryptocurrency, but that’s not enough. Turkey has to make a bold move into cryptocurrency like making it a legal tender like El Salvador. Turkish Lira needs intervention.
People are starting to get the message. Just a matter of time before politicians and banks have to give in.
The oldest marketplace in Turkey that is hundreds of years old has accepted Bitcoin payments in 2017.
Do you mean to imply that Mr. President doesn’t know and cannot stop the source of inflation? He knows that stopping printing would have the same effect as Bitcoin, so why wouldn’t he just do that, preserving the option to print more lately?
President thinks positively. Why is bitcoin more and more popular with everyone, because it has: 1. decentralization, 2. fixed total amount, 3. scarcity, 4. fairness and fast transfer?
He knows bitcoin very well but doesn’t want to do anything useful!
If it doesn’t hold up then there will be another correction, but to a limited extent downwards.
Ever heard of Gold? In times like this, you can see gold shining brighter than ever.
They help with another kind of asset, real estate.
Another way to freeze and add value on bucks, away from the drowning inflation.
I love BTC but I don’t think Turkey can fix its issues with BTC alone, they should put some of their treasury there for sure, but their economy is much bigger than the current BTC market cap
But still, only a small number of Turks are involved in encryption, and I don’t understand why that is.
It surged more than 150% & recently surged by 54%, not to 54% & it now stays at 12%.
If inflation is highest, many populations will buy Bitcoin for their own business.
Very shallow information. It is happened deliberately to boost production and export. Turkey has decreased interest rates to make it. I do not say it is good or bad, but it is not a free fall.
What happens after all the BTC has been mined? Serious questions for someone who is trying to learn more about crypto all around.
It is relaxing that I hold USDT and I don’t fear any inflation at all. Moreover, we can do different operations with it and have profit.
Perhaps officially nothing has been introduced yet, but still, this does not prevent Turks from keeping and spending their savings in USDT.
