Frank Holmes, one of the Forbes writers, in the article he published on the site, “I believe Bitcoin can solve the Turkish lira problem.” said.
Holmes criticized the policy followed by Recep Tayyip Erdogan and said that the Turkish lira is very close to its lowest level ever.
Stating that the currency of a household in Turkey has lost 30% of its value in the past month, Holmes added that food and fuel have become very expensive.
Frank Holmes also mentioned the book in his article. by Friedrich Hayek Nobel laureate “Denationalization of Money” In his book, he argues that it is not correct to have a monologic decision mechanism on money. This view also opposes the issue of common currency in Europe.
According to Holmes:
Bitcoin, a decentralized currency, is exactly the kind of asset Hayek might have in mind, as it is not tied to any government. Central banks cannot control it.
Bitcoin is a store of value, unlike traditional currencies like the dollar. seen as.
The dollar has lost a lot of value in the last 70 years. As for the problem of his monetary woes, author Hayek sees currencies that are constantly updated and developed within a given market as the solution.