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❕NEWS Recent Survey Shows Turkey's Crypto Adoption Grows Elevenfold In One Year

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Paribu which is popular Turkish Exchange platform in it recent survey revealed that Turkey's crypto adoption grew over 11 times in a year. Paribu indicated a growth from 600,000 to over 4 million users within a year in which 7.7% of the 1,400 respondents from the survey have traded with Bitcoin or other cryptocurrencies and 11% have become active crypto users.
 
I love the way cryptocurrency adoption is actually on the boost in some countries ,even if things aren't going well ,more crypto currency project should not be left out but more emphasis should be created to spread the awareness and development of cryptocurrency to take cryptocurrency to its greater height
 
This is the reason why they don't have any money left in their central banks , People want freedom and they provided it , the inflation rate in the country is above and more than 80% per year and the situation looks to be worse and market indicators clearly say lira to dollar soon at 1:100 which is a 30 year fall in 2 year .
 
This is the reason why they don't have any money left in their central banks , People want freedom and they provided it , the inflation rate in the country is above and more than 80% per year and the situation looks to be worse and market indicators clearly say lira to dollar soon at 1:100 which is a 30 year fall in 2 year .
the lira have actually fallen real low for sometime now , but what I want is that the currency should start boosting forward after sometime ,80 percent per year to me is actually huge ,I just hope there could be that boost in the value of the currency lira ,inflation is really ravaging things
 
Agreed, the forex analysis of the pair is not good at all and many experts have predicted it to fall at lowest levels of 100:1 which is 5x from here on and it certainly looks on the cards , wrong economic outlooks and decisions against the world economy and measures are hurting them , they are not getting bankrupt soon , but the pressure will increase soon with such developments for them gradually .
 
Agreed, the forex analysis of the pair is not good at all and many experts have predicted it to fall at lowest levels of 100:1 which is 5x from here on and it certainly looks on the cards , wrong economic outlooks and decisions against the world economy and measures are hurting them , they are not getting bankrupt soon , but the pressure will increase soon with such developments for them gradually .
I actually even heard that there was a time the citizens protested and others , probably when the government start taking good policy concerning the currency development ,it would develop the value to the expectation range and development
 
The lira is currently looming at 13 years low and the projections of the world bank are all time lows at 80% reduction from current price in a year , if that happens the country will have $4000b worth of loans further added to their current account deficit , turkey is fighting , but their economic policies and their huge spends are not great that can lead to their downfall easily in the longer run of time .
 
The lira is currently looming at 13 years low and the projections of the world bank are all time lows at 80% reduction from current price in a year , if that happens the country will have $4000b worth of loans further added to their current account deficit , turkey is fighting , but their economic policies and their huge spends are not great that can lead to their downfall easily in the longer run of time .
with the way Lira is coming low ,I feel that a lot of people won't believe in the currency again ,they would see the currency as less promising and what they should take caution if they are willing to hold their investment in the flat currency as usual
 
They definitely are not people are holding value in gold and oil along with the food stocks that are rising or starting a partnership in business that is the best way to grow your money at this time instead of allowing it to he inflated by the pressure of the market .
 
Global adoption of crypto will always be on the rise because of its decentralised nature and the hype it has generated so far. However, with the recent scenario, more people will come into crypto with the belief that they're buying it cheaper than it was. On the opposite direction, more holders will be liquidated and others will sell off their portfolio to salvage whatever they can get. The blood bath has been terrible so far coupled with ever growing inflation and bad economic conditions.
 
Countries recording big inflation rates are all running to crypto.This is an example,Russia another,Cuba another and El Salvador another. Turkish Lira is in turmoil and the Turkish citizens are taking any way possible to get rid of the deteriorating money and crypto might be their best bet as of now as a hedge against inflation.Turkey however have faced a dowside to their crypto adoption when their government banned use of crypto for purchases,but an upside is trading is still allowed
 

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