A Snapshot on Mounting Turkish Crypto-Sentiments

We already reported that Turkey appears to be very keen on the cryptocurrency gamut as the country is one of those with the highest number of cryptocurrency holders among entire Europe.

As the Turkish currency continues to tumble and makes record lows day-by-day, the mainstream movement towards people investing in digital assets can be expected.

While the trade wars and economic crises around the world have impacted the public’s confidence in fiat currency, which could lead to an increased interest in crypto. In Turkey, where trading in crypto is relatively easy compared to other jurisdictions, this seems to be a very likely scenario.

The Chief Strategy Officer of CoinShares, Meltem Demirors tweets about her proudness being a Turkish, as 18% of Turks own cryptocurrencies among the entire European region, as per the ING findings.

Their currency crisis (Turkish lira) pertaining to the dollar-denominated debt during previous summer considerably devalued and affected many Turkish life savings, pensions, and investment funds.

For now, we across the leading Turkish real estate firm, Antalya Homes, who accepts cryptocurrency payments as their revenues. In fact, they have reportedly made an announcement that some properties were transacted back in 2018 dealt with Bitcoin acceptance as payment.

Furthermore, it is revealed that they accept ethereum, ripple, bitcoin cash (BCH), stellar and tether also. While the Chairman of Antalya Homes, Bayram Tekce thinks that cryptocurrencies are secured mode of payment, without any hassles like deductions owing to the brokerage or currency exchange turbulence.

Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at 99 (which is bullish), while the hourly USD spot index was at 102 (bullish) at 06:13 GMT.

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex