Although cryptocurrency Turkish market is unbalanced, but Turkish investors BitcoinThey prefer. This season, only showed a growth of 37% in the volume of trade in Turkey, which in the worst trends of the outgoing crypto currency market shows that lowering the Bitcoin's popularity.
Inflation Value TurkeyCaptured
In Turkey; Over 25% The inflation rate decreased in November 2018. US announced on August 10 through retaliation tariffs It is estimated that Turkey's inflation relax a little. aluminum and steel because of tariffs against imports from Turkey, the Turkish Lira almost fifty percent. Nevertheless, this inflation value of Turkey's most important problem.
analysts Goldman SachaIn the first quarter of 2019, consumer price inflation will increase to 27%. However, it is expected to reach 15% at the end of the year. It continues:
”However, there is a positive risk due to cost pressures caused by producers and unbalanced crude food inflation and indexing to salaries.“
Turkey Cryptocurrency Balance Ahead
Bogazici UniversityProfessor Vedat Akgiray, in which the Finance, trust in financial institutions in Turkey currently very low it says. Therefore, many citizens other means of investmenteg a decentralized currency. Young Turkish citizens with good technology and Bitcoin and Ethereum invest in digital currencies They are doing.
Twentify with a local research firm, as in the crisis of the Turkish Lira in August 2018 with the aim of crypto currency in Turkey conducted a survey to gauge its popularity. As a result of the survey, 20% He came out buying bitcoins. The interesting part is the coin, which is apparently popular in the same month, 10% decrease in It showed.
Bitcoin.org In a tweet to his co-founder about increasing the number of visitors from Istanbul, he says:
! During the period when the Turkish Lira depreciated, visits to Bitcoin.org increased by 42% from Istanbul! That's how Bitcoin takes over the world; EFTs or ini HODL birim not by means of national currencies rather than taking their place! FT
Source: Coinidol