Turkey looks to Bitcoin as Lira Collapse Continues

[emma.lee1890]

The Turkish Lira has plummeted nearly 30% in the past week versus the US Dollar. Much of the move was the result of an all-out trade war with the United States which saw tariffs as high as 50% on some items like steel. Turkey has retaliated increasing tariffs on consumer goods, and the Turkish government has been encouraging protests which included shooting iPhones and tearing up fake US Dollars.
Bitcoin is demonstrating its purpose as an alternative to FIAT when central banks and governments fail. It may take more situations like Venezuela and Turkey until we see significant adoption, but both cases prove BTC as a viable alternative.