Research

🇹🇷 Bitcoin purchases grow popular in Turkey as Lira falls

Messari

Aug 8, 2018 ⋅  1 min read

The latest currency crisis with the floating exchange rate of the Turkish Lira underlined the advantages of crypto assets as a store of value. Bitcoin ($BTC) purchases on LocalBitcoins picked up in June and July 2018 as the Lira stated to slide against the USD. Additionally, the Turkish crypto community is one of the most active, as seen by performance and statistics on the Steemit platform, a crypto-fueled social network.

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