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by ravingraven 1607 days ago
Nonesense. The Lira has been massively losing value since 2008 while Bitcoin has been massively gaining value for years, the only Turks that are not eating because of Bitcoin are the ones who bought it the past few months.
2 comments

And the ones who bought BTC in 2009, well... man thats a lot of doner.
Odd, I see a 38% gain for the Lira this year. Do you see something different? Also poor people tend to try to avoid inflation on a time scale of months, they can't hodl because they need to get their kids their dinner.
USD/TRY was 9.60 in October 24th, 2021, and 13.50 now. That's almost a 30% drop. It was also 18 at some point in November.
BTC/TRY was 591572 24/10/2021 and it's 481599 now - 19% drop over that period.
That's correct, but it should be noted that Lira's drop is solely caused by the government's mismanagement.