KimonoGlitter
Fri Jul 05 2024
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7 answers
1383
Why did Turks use cryptocurrencies to protect lira?
Could you elaborate on the reasons why Turks have turned to cryptocurrencies as a means of protecting their lira? Given the recent economic volatility and currency depreciation in Turkey, have investors found cryptocurrencies to be a viable hedge against inflation and currency risks? Could you possibly discuss the role of cryptocurrencies in providing an alternative store of value, especially in the context of Turks' concerns about the stability of their national currency? Additionally, how have the Turkish government's policies and regulations towards cryptocurrencies influenced its adoption among the general populace?
