Michael Saylor, founder of MicroStrategy, currently the largest publicly traded company with Bitcoin, bitcoinHe stated that Turkey is a beacon of hope for Turkey. Saylor had previously stated that if Turkey buys Bitcoin, the TL will gain value.
The cryptocurrency market has made its investors very happy lately. Bitcoin managed to break the all-time record by reaching $ 67 thousand in the past few days. Following Bitcoin, Ethereum also broke the $4,300 threshold today, reaching an all-time high.
While Bitcoin continues to gain value in this way, Michael Saylor, the founder of MicroStrategy and one of the most vocal institutional supporters of Bitcoin, made a new statement for Turkey. Saylor, who previously explained why Bitcoin is important by showing Turkey as an example, made a direct recommendation to Turkey this time.
Michael Saylor made a statement on his Twitter account. cryptocurrency Responded to the post of analyst Jan Wuestenfeld about the Turkish Lira. Tweeting the annual chart of the Turkish Lira and the dollar parity, Jan Wuestenfeld shared that the TL has lost value by 15.18% against the dollar only last year. The longer the graph was analyzed, the worse the picture was; The Turkish lira has lost 80% of its value against the dollar since 2013.
After harshly criticizing the Central Bank’s latest interest rate decision, Jan shared in another tweet, “Bitcoin can fix this!” made a statement. Michael Saylor, the founder of MicroStrategy, also used the following statements, referring to Jan Wuestenfeld’s TL/dollar comparison:
“Bitcoin is hope for Turkey.”
Michael Saylor’s previous statement about Turkey and cryptocurrencies was also on the agenda of the country:
In an interview he made in mid-October, Saylor cited Turkey as an example while talking about the benefits of Bitcoin, and stated that if he invests 5 billion dollars in Bitcoin right now, this amount could reach 50 billion dollars in 5 years, thus increasing the value of TL.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.