CoinDesk, the famous website built on the digital currency economy, evaluated the record depreciation of the Turkish Lira and President Erdogan’s policy. The statements that Bitcoin is currently more ‘reliable’ than TL also drew attention.
The big fluctuations in the Turkish Lira, especially in the last few months, do not go unnoticed by the foreign press and companies. CoinDesk, the famous news site built on Bitcoin and digital money, also draws attention to this unstable trend. Currently TL more ‘unreliable’ than bitcoin CoinDesk also evaluated Turkey’s economic strategies.
Emphasizing that TL has become the most worthless position in history, it is stated that within 90 days, Bitcoin become 4% more reliable information is shared. Drawing attention to the risks of investing in high amounts with rising prices, CoinDesk states that TL is more risky even against bitcoin, which is generally known for its ‘unreliable’ and ‘unstable’ structure.
Comparing Bitcoin and TL with graphics:
In the period when the dollar rose from 9 TL to 18 TL in just six weeks, the ‘interest reduction policy’ adopted by President Recep Tayyip Erdoğan contrary to economics while stating that TradingView UK growth director at the website and macrodesiac David Belle, the founder of the website called “Erdogan’s policy, ‘within the framework of traditional economic rules. a complete disaster‘ he evaluated. In addition, despite the record depreciation of TL, there are still “meme-based” cryptocurrencies such as dogecoin and shiba inu. more reliable is stated to be.
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CoinDesk has published the entire article on the official Twitter account. in sharing Reactions from Turkish and foreign users were also not delayed. The vast majority of users compare virtual money with a currency printed by the Central Bank. it doesn’t make sense While defending this, some users also believe that this depreciation of TL may still lead to a collapse.