Turkish Lira implodes, as Bitcoin and dollar appreciate against it Quick Take
- The Turkish Lira continues to collapse against the dollar (23.5) lira to a dollar.
- Roughly ten years ago, it was one lira to one dollar.
- The Turkish Lira experienced a 6% plus depreciation, according to Mohamed A. El-Eria, dwindling international reserves.
- In the past five days, the USD is up 12%, while Bitcoin is up 7%, even with Bitcoin down 8% in USD terms this past month.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
Latest Insights
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
