The Turkish pound hit a record low against the dollar, reflecting global market concerns over President Recep Tayyip Erdogan's economic policies, his bitter relationship with United States President Donald Trump, and the capacity of their government to pay your debts.
Erdogan did little to reassure these fears, spoke on public appearances on Friday of a "financial war" with the United States and called on Turkish citizens to exchange dollars, euros or gold with the pound on the coast, according to the media communication
The current turmoil has increased the attractiveness of bitcoin and other cryptocurrencies for some local retail investors, although the industry has been on a bear market this year.
"Every day there are new [bitcoin] exchanges in Turkey," said a local university student who, for safety reasons, asked for his Twitter account, Bit_gossip.Transfer Bitcoin To Turkish Lira - Crypto Exchange in Turkey
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