Bitcoin hits all-time highs against Turkish lira

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The Turkish lira has been in free fall after President Erdogan demanded that the Turkish central bank lower interest rates for the third month in a row from 19% to 15%. The Turkish lira against the US dollar has weakened over the past decade, but yesterday the currency experienced a rapid deceleration, losing over 10% of its value in one day, reaching a record low. It is a historic event for a G20 country.

In a historic event for a G20 country, the Turkish lira is in free fall, making the case for a bitcoin hedge.

Source: TradingView

In a historic event for a G20 country, the Turkish lira is in free fall, making the case for a bitcoin hedge.

Source: TradingView

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