Turkish lira collapse fuels bitcoin purchase
The recent economic measures applied by the Turkish government have caused strong repercussions for which the population is seeking to protect their assets
Due to the fall of the Turkish currency, searches for bitcoin and cryptocurrencies in general in this country have reached all-time highs.
In recent days, a series of economic measures have been generated in the nation, such as the dismissal of the governor of the Central Bank of Turkey by the president.
As a consequence, the market reacted violently to the downside. The country’s currency fell as much as 14 %, dragging the world stock markets with it.
Faced with all this situation, and the bad prognosis that there is regarding the fall of the currency, its citizens have looked for alternatives to protect their assets in some way. Thus, bitcoin has been seen as a potential possibility for them.
They have risen to 544 %, putting interest above previous bullish seasons and reaching all-time highs.
K. Tovar
Source: Bitcoin.es
