Cryptocurrency Explosion in Turkey: Made 11x!

It would not be wrong to say that the general cryptocurrency market is getting more and more popular in Turkey day by day. This popularity has been proven by a study. cryptocoin.com We share the details of the Cryptocurrency Awareness and Perception Research with you…

The number of people who trade cryptocurrencies in Turkey has increased 11 times

Cryptocurrencies, which aim to “get rich quick” for some and are seen as “hedging assets” by others and are the subject of long-term investments; It is also very popular in Turkey. This year, developments such as Bitcoin breaking its all-time high twice, meme coins rising meteorically and making unexpected investors rich were some of the factors that attracted people to this field. The fact that Turkish people turn to crypto was also the subject of Akademetre’s Cryptocurrency Awareness and Perception Research. According to this research, the rate of those making crypto money transactions in Turkey has increased by 11 times this year.

Despite such a steep increase in the number of investors, the satisfaction rate stands at 72 percent. 41.3 percent of those who stated that they were satisfied with cryptocurrencies chose profitability as the reason. It is thought that factors such as acting with hearsay information about cryptocurrencies and the lack of cryptocurrency literacy may have led to a decrease in the satisfaction levels of investors. In general, it is recommended that crypto investors enter the market by doing extensive research. It is also worth noting that this market is highly volatile.

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