Analyst Lex Moskovski, who has made a name for himself with his analysis of on-chain data, stated in a post on Twitter that crypto money companies investing in Turkey are smart and will profit.
Stating that Turks are always in the top 5 in the website traffic of the leading companies of the crypto money industry, the analyst said, “The smartest founders and investors are already building their presence in this country.” said.
According to the analyst’s share, Turks constitute an important part of the site traffic of Binance, FTX, Coinmarketcap, Tradingview, Etherscan and Investing.com.
We observed that many investors began to be interested in cryptocurrencies as an additional income source, especially with the closures and the increase in economic difficulties during the periods when the effects of the pandemic were felt intensely.
Afterwards, increasing inflationary pressures and unemployment pushed Turks to be interested in the cryptocurrency sector full-time. While this interest is reflected in many data from website traffic to volumes in stock markets, a considerable investor base has formed in Turkey.
Aware of this, the big players decided to expand their operations in Turkey and focus on the market’s activities.
This warm investor interest makes Turkey a good market and gives an idea that investments in our country may increase in the future.
🇹🇷 Turkey is within TOP5 largest demographics of the following sites:
Binance, FTX, Coinmarketcap, Tradingview, Etherscan, Investing com.
The smartest founders and investors are already building the presence in this country. pic.twitter.com/8rRsMYP8EW
— Lex Moskovski 🐙 (@mskvsk) November 25, 2021