The blockchain technology has a space gained in terms of transparency, irremovability of its data and that does not depend on a centralized entity, its Ledger Accounting has the solution in terms of the presentation of information without being able to be manipulated, therefore , economies expect a lot from this technology. In this article we will see the events that are happening in Turkey.
There is a certain degree of uncertainty in international finance, this year after the departure of England from the EU, next Sunday it is up to the Italian people to vote at the polls in a referendum, which can start a series of events in the old Europe, that is to say that when the uncertainty seizes the financial market, there are possibilities of a decline in the currencies of these countries.
In this sense, economies all over the world fall apart and move to their natural center as is the core of each country. Turkey, a country plagued by censorship, with limited access to the Internet and other inconveniences of a social nature, now joins that the value of its currency, the Turkish Lira, falls precipitously, in fact this currency reached a new minimum taking into account the latest five years. At the same time, the demand for bitcoin seems to be rising little by little, this could be said: a strange coincidence or a mental change that occurs ?.
What is certain is that things do not seem so good for the Turkish Lira, although, the currency has lost a lot of value in the last five years, things seem even more worrying than before, there is a lot of uncertainty and lack of confidence, from now on, the currency is going through its lower valuation against the dollar, in recent times.
Undoubtedly, with this value of the currency against the US currency, none of this happens should be viewed with surprise considering what is happening in Turkey, as mentioned, an attempted military coup that failed to happen at the beginning This year, followed by massive censorship and restricted access to the Internet are factors that can be considered decisive. In addition to the aforementioned, the country has not recovered from the financial crisis that occurred in 2008. Therefore, if these new events are added, the burden becomes very heavy, the financial ecosystem may collapse, the possibility would be to add new Capitals. , which are scarce, in international banking.
There is a trend, which can be appreciated, as some currencies of countries lose value just as the Turkish Lira is not unexpected, there are several currencies, which are going through this same problem. As for example the Chinese Yuan has been in a steady decline for quite some time. On the other hand, it joins the financial crisis of the United Kingdom, Europe and other Asian countries, therefore the economic recovery is still unlikely.
Therefore, as is happening with the descending value of the Turkish Lira, the demand for bitcoin is increasing. What can be mentioned is that the margin at this time is not significant, but it is the trend of the market, the use of bitcoin is a constant struggle in Turkey, there are very strict government controls, a lot of internet users continue to doubt when deals with cryptocurrencies, this is normal, what reality indicates is that there is greater acceptance day by day.
There is a very important fact and that is that a bitcoin has a value close to 2722 Turkish Liras, this price has been rising daily, this follows the average price of the world market, therefore, as consumers in Turkey face more financial turmoil , Bitcoin becomes an attraction immediately. What is a reality is that the changes in the way of thinking of consumers will not happen overnight, but there is an acceptance of bitcoin as a safe haven for investment.
Reference: newsbtc.com
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