Bitcoin Purchases Grow Popular in Turkey as Lira Falls
Cryptovest
Published Aug 08, 2018 10:44AM ET
Updated Aug 08, 2018 12:00PM ET
Bitcoin Purchases Grow Popular in Turkey as Lira Falls
Crypto assets are volatile - but in some cases, their value could be more stable than national currencies. Beyond the dramatic examples of Venezuela and Iran, where currency depreciation was extreme, Turkey is yet another country where the performance of crypto assets has somewhat mitigated cryptocurrency risk.
https://twitter.com/Iankov/status/1026944363597844480
The Turkish crypto community is one of the most active, as seen by performance and statistics on the Steemit platform, a crypto-fueled social network. Turkey also has 19 Bitcoin full nodes, not too many considering the size of the country, but still speaking of the presence of a Bitcoin community. Mining is also profitable, due to a relatively low price of electricity.
One short-term indicator for an interest in Bitcoin purchases is the activity of This article appeared first on Cryptovest
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Written By: Cryptovest
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