A nation of 82 million sees its currency crash 15% in a single day.
No coincidence that Turkey has some of the highest per-capita Bitcoin usage in the world.
A growing number of Turks are peacefully choosing a different monetary system that their oppressors can’t control. https://t.co/BD0bl7URic
— Alex Gladstein (@gladstein) March 21, 2021
Turkish Lira Woes
Turkey’s new governor of Central Bank in February:
• CBRT shouldn’t insist on its high interest rate policy
• Many countries with domestic/foreign problems have negative real interest rates so could Turkey
• Rate hikes indirectly creates inflation https://t.co/sY518SKSiI
— Ragıp Soylu (@ragipsoylu) March 19, 2021