Bitcoin nears 4 million lira as lira hits record low on 31.5% inflation

• —Lira hit a record low of 48.8 per dollar, down 18% over the year
• —One bitcoin is worth about 3.95 million lira versus 8.3–8.9 lira per dollar five years ago
• —Official inflation at 31.51%, independent ENAG estimate at 49.03%
• —Turkey ranks 14th in Chainalysis's crypto adoption index, with about $200 billion in annual turnover