Grayscale CEO Barry Silbert wrote on the BTC/TRY chart he shared on Twitter that the depreciation of the Turkish Lira was astonishing.
Silbert:
“This is what Bitcoin was invented for”
said.
before too forbes from the authors Frank Holmes and MicroStrategy co-founder Michael Saylor Names such as Bitcoin had argued that Turkey could be a solution to this problem.
On October 17, 2021, Michael Saylor advised Turkey to buy 5 billion dollars worth of Bitcoin.
Michael Saylor:
“Turkey, Central Bank treasury 5 billion dollars worth You can buy bitcoin and that’s it, $50 billion in the next 5 years transforms.”
he said.
If the Central Bank of Turkey, on the day of the announcement, worth $5 billion (As of October 17, 2021 at 6.30 am, 1 dollar 9.26 lira, a total of 46.3 billion lira) if he bought bitcoin(GAF $60,865) 82.149 million Bitcoins would get. Right now 82,149 BitcoinsIf the value of (GAF $47,630) $3,912,756 billion coincides. in dollar parity lost for now If this investment is in TRY parity (As of December 17, 2021 at 6.30 am, 1 dollar and 15,6 lira) for now With 61,039.007 billion liras, approximately 15 billion lira would be in profit.