The Turkish Tribal War Against Bitcoin

Turkish President Recep Tayyip Erdoğan said, “We are in a war against cryptocurrencies,” on September 18, 2021. Merriam-Webster defines struggle as “a state or period of fighting between countries or groups.” I’m guessing that the struggle Erdoğan mentions right here is a struggle between Erdoğan’s tribe and Bitcoin, because the residents of the nation are embracing bitcoin greater than ever. On January 15, 2021, the variety of folks investing within the Turkish Stock Market went previous 2 million for the first time. By April 24, 2021, there have been more than 5 million users registered to the 2 greatest Turkish bitcoin exchanges. One would surprise how a 12-year-old expertise manages to appeal to extra folks than the Istanbul Stock Exchange that has been lively since 1985 with the total help of presidency institutes. The reply lies within the Turkish lira and the fame of the central banking system of Turkey.

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