Today, the Central Bank’s MPC decision was announced. The Central Bank, with its subsequent decision, lowered the interest rate by 200 basis points from 18% to 16%.
After the interest rate decision, the dollar rate increased to 9.48 levels and renewed the record.
MicroStrategy CEO Michael Saylor, who recently advised Turkey to buy Bitcoin, shared about Turkey again.
Citing a post showing that the TL has lost 80% of its value against the dollar, the famous CEO said, “Bitcoin is hope for Turkey.” said.
#Bitcoin is hope for #Turkey. https://t.co/J9VcLSzbI5
— Michael Saylor⚡️ (@saylor) October 21, 2021
In an interview he attended recently, the famous CEO said that countries struggling with high inflation like Turkey should turn to Bitcoin and used the following statements:
“They can do this. If the Central Bank of Turkey went and bought 5 billion dollars worth of Bitcoin and kept it for the next 5 years, its value would be 50 billion dollars. In this way, you strengthen the currency of 50 million people in Turkey.”
Commenting on Saylor’s post, many Turkish investors said that one of the main reasons for their intense interest in cryptocurrencies is the depreciation of TL.
*Not Investment Advice.