Turkish lira updates historical minimum
The lira continues to depreciate and is trading around 43 TRY for $1, setting a new anti-record.
What this means:
• Distrust in the national currency and monetary policy is intensifying
• Inflationary pressure within the country is rising
• The population and businesses are increasingly moving into dollars, gold, and crypto as means of preserving value
For such economies, this is a classic scenario:
📉 fiat weakens → 🔄 capital seeks protective assets → 🪙 interest in BTC and stablecoins is growing.
$BTC #Stablecoins #Turkey