Cryptocurrency
Turkey’s Economic Tumoil Shows Bitcoin Is a Better Bet Than Emerging Markets
As reported by NewsBTC, “Bitcoin and the S&P 500 may have strongly recovered from their March lows, but it’s been a dismal quarter for the world’s economies. “Unemployment has skyrocketed, consumer confidence is crashing, and against the U.S. dollar, foreign currencies are falling off a cliff. “The latter issue is especially pertinent in Turkey, where […]
As reported by NewsBTC, “Bitcoin and the S&P 500 may have strongly recovered from their March lows, but it’s been a dismal quarter for the world’s economies.
“Unemployment has skyrocketed, consumer confidence is crashing, and against the U.S. dollar, foreign currencies are falling off a cliff.
“The latter issue is especially pertinent in Turkey, where the Turkish lira is slumping and economic and social policies have purportedly become increasingly hostile.
“With the country being a hotbed for crypto adoption, reports indicate, a leading fund manager has said that Bitcoin could be a better bet to take than Turkey and maybe other emerging markets…”