ÖÐÎÄ°æ / English
News
Contact Us

Tel: 0086-755-29902899
Fax: 0086-755-23300588
Mob:
0086-18927488811
0086-13641499508
WhatsApp: 0086-13510653508
Email:
sheldon@dovina.cn
sales8@dovina.cn
Alibaba:
https://dovina.en.alibaba.com/
Add: Room 507-511£¬5/F£¬Block A4£¬Chuangxin chuangye Park£¬Baoan£¬Shenzhen

News Information
Your location£ºHome >> News Information
The Turkish lira plummeted, and the local bitcoin soared to 100,000 U.S. dollars
[2021/3/24]
                           

The Turkish lira plunged by 17% against the US dollar in one day. President Erdoğan fired the reformist central bank governor Naci Ağbal late Friday night and his ally Sahapu Kavzioglu (Şahap Kavcıoğlu) replaced him.

Turkey¡¯s currency has always been plagued by high inflation. Last year¡¯s exchange rate against the U.S. dollar also fell by 23% and remained in a state of free fall. Inflation, according to analysts interviewed, this was the reason he was ousted

                        

Google Trends data shows that the number of searches for "Bitcoin" in Turkey last night reached the "peak of popularity" in the past 7 days (with a relative score of "100"), which coincided with the opening of the Asian market in a new round of turmoil in the lira. This also caused an uproar on Turkish social media. Data provided by Google Trends shows that Turkish searches for Bitcoin have surged by 566%.

But further analysis of Google Trends data shows that interest in Bitcoin has surged, especially in some of the poorest provinces in the country. The top three provinces are Diyarbakir, Batman, and Hakkari.

                      

A country with a population of 82 million has its currency plummeted by 15% in one day.

Coincidentally, Turkey is the country with the most Bitcoin per capita in the world.

More and more Turks are making a smooth transition to a different currency system beyond the control of the oppressors.

¡ª Alex Gladstein (@gladstein)

                             

A source in the Turkish cryptocurrency industry revealed that due to the recent update of the Turkish Lira Protection Law penalizing actions that may be interpreted as defamation of the country¡¯s currency, their company recorded a particularly high transaction volume today. He speculated on the capital control. Fears may eventually prompt ordinary citizens to seek alternatives that do not involve conventional bank accounts

For many people, especially young people, crypto investment is increasingly seen as a digital version of the traditional domestic physical gold ard product.

The ups and downs experienced by fiat currencies have pushed more people to favor Bitcoin. This driving force is evident in the peer-to-peer (P2P) market, where the value of Bitcoin in Turkey has soared to $100,000. According to the data, the minimum asking price of Bitcoin reached 510,000 Turkish Lira (about 64,000 U.S. dollars). Some offline exchanges have set the price of a single bitcoin at 100,000 U.S. dollars.

                          

Currently, the value of Bitcoin in the global market is approximately US$55,000, however, Turkish exchange quotes are almost twice that. As the Turkish economy suffers another huge blow, the interest of citizens and the government in encryption technology surges, which may help stabilize the aftermath.

The Turkish government has been working hard to establish regulations for encryption technology and recently made it clear that it is cooperating with the central bank on the country's digital assets. Now that more and more people are turning to Bitcoin and witnessing a rebound in Bitcoin, the government may have to step up efforts to formulate these guidelines.


(This article is from Bitpush.News)

Contact Us
Tel: 0086-755-29902899
Fax: 0086-755-23300588
Mob: 0086-18927488811
         0086-13641499508
WhatsApp: 0086-13510653508
Email: sheldon@dovina.cn / sales8@dovina.cn
Alibaba: https://dovina.en.alibaba.com/
Add: Room 507-511£¬5/F£¬Block A4£¬Chuangxin chuangye Park£¬Baoan£¬Shenzhen
Copyright © 2014 Shenzhen Dvina Technology Co., Ltd. All Right Reserved.    ÔÁICP±¸2020112015ºÅ