Adoption Surges Despite Crackdown

[johnblockbuster]

Despite tighter rules, cryptocurrency adoption in Turkey continues to rise. The country now ranks 14th in Chainalysis’s Global Crypto Adoption Index.

A major driver is the sharp depreciation of the Turkish lira. Since 2020, Bitcoin’s price in lira has soared from roughly 100,000 to more than 4.6 million, reflecting both BTC’s gains and the currency’s decline. Many citizens are turning to dollar-pegged stablecoins and Bitcoin as alternative stores of value.

With regulatory scrutiny increasing and adoption still climbing, Turkey is becoming one of the most closely watched crypto markets in the world.

[Nahid10]

Turkey’s lira crash is fueling adoption—BTC jumping from 100K to 4.6M lira shows why people turn to crypto.

[kelson10]

Stablecoins and Bitcoin are becoming everyday hedges against inflation and fiat instability.