Turkeys Economic Instability Drives Cryptocurrency Boom
ISTANBUL, TURKEY - OCTOBER 19: People walk past a Bitcoin symbol at the entrance of a cryptocurrency exchange office on October 19, 2021 in Istanbul, Turkey. The number of Bitcoin and cryptocurrency exchanges have increased across Istanbul as cryptocurrency investing continues to boom in Turkey. Many investors see cryptocurrency's growth as a shelter against inflation and the depreciating Lira. Turkey's Lira has lost 20% of it's value this year as Bitcoin approaches it's all time high on the back of today's historic debut of the first Bitcoin futures ETF on the NYSE. (Photo by Chris McGrath/Getty Images)
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