Investors return to Pitsuwan in Turkey like LIBRA SHIB
The value of the Turkish lira hit a major blow today, as the currency fell by 13% during the day and more than 45% per year.
Betcuain fans flock to Reddit to claim another win in their performance against national currency currencies. The user said, "Petequin is less risky than keeping the pound."
Many new investors in the currency may argue that the claim is incorrect because Bitcoin has technically declined by almost 70% year-to-date. However, the real focus should be on the larger picture.
As for the price of Bitcoin $ 3847.14 -0.07% over the past year, we can see that it earn just under 40% of the value. Even in a major market correction like we are currently witnessing, Bitcoin continues to outperform another national credit currency.
Where do you go back?
Announced today that the United States will double tariffs on its imports of Turkish steel and aluminum. This movement led investors to exchange the lira against stronger currencies such as the US dollar or the Japanese yen, and it also appears that many of the lira have changed the currency of PeteChoen.
Turkish stock market reports show a significant rise in volume on the last day. Turkey's largest stock market, Koinim, recorded a 63% increase in the volume of Bitcoin, while exchanges such as BTCTurk and Paribu are increasing by 35% and 100%, respectively.
Confidence in paper currency has become a state of uncertainty in most parts of the world. Venezuela is currently in a similar position to see the increase in volumes of cryptocurrencies in the center of inflation inflation of the Bolivar.
The future of the regime does not seem brighter, as global trade wars loom on our horizon, and economic crises are pushing governments to inflate national currencies to unworkable levels.Bitcoin To Turkish Lira Fiat Cash Real Value Exchange TRY
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