As lira crisis deepens, bitcoin and gold become savings havens in Turkey
- —The lira reached 48.8 per dollar, losing 18% over 12 months
- —The BIST 100 fell 9% over three sessions, with trading halted
- —The SPK liquidated 131 funds with assets of about $18 billion
- —IMF: 25–50% of Turkish households own crypto assets
Why it matters: Growing demand for BTC and stablecoins in Turkey confirms the use case of crypto as a hedge against devaluation in high-inflation countries.
Source: Cryptoast