Bitcoin is trading at roughly 3.95–3.96 million Turkish lira as the currency reaches a record low near 48.8 per U.S. dollar. The lira has lost about 18% against the dollar over the past year and roughly 86% of its purchasing power over five years, while official inflation stood at 31.51% in August. An independent estimate put inflation at 49.03%.
The squeeze is pushing Turkish households toward gold, foreign currency, property, stablecoins and bitcoin as alternative stores of value. Turkey ranked 14th in Chainalysis’s 2025 crypto adoption index and led the Middle East and North Africa by transaction volume, at about $200 billion annually. Residents may legally buy, hold and sell bitcoin, but a 2021 central-bank rule bars direct crypto payments for goods and services; platforms are regulated under the 2024 Crypto Asset Law.
https://news.bitcoin.com/finance/bitcoin-price-nears-4-million-lira-as-turkeys-currency-hits-the-floor/
oxhak / Ox HaK
npub1sx…dz7z7
2026-09-19 16:35:31 UTC
Author Public Key
npub1sxexewvzysc3affq4yzzh7w8e3udyujap2vlj7t6lkdg5dvhp24q4dz7z7Seen on
wss://relay.damus.ioPublished at
2026-09-19 16:35:31 UTCEvent JSON
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"content": "Bitcoin is trading at roughly 3.95–3.96 million Turkish lira as the currency reaches a record low near 48.8 per U.S. dollar. The lira has lost about 18% against the dollar over the past year and roughly 86% of its purchasing power over five years, while official inflation stood at 31.51% in August. An independent estimate put inflation at 49.03%.\n\nThe squeeze is pushing Turkish households toward gold, foreign currency, property, stablecoins and bitcoin as alternative stores of value. Turkey ranked 14th in Chainalysis’s 2025 crypto adoption index and led the Middle East and North Africa by transaction volume, at about $200 billion annually. Residents may legally buy, hold and sell bitcoin, but a 2021 central-bank rule bars direct crypto payments for goods and services; platforms are regulated under the 2024 Crypto Asset Law.\n\nhttps://news.bitcoin.com/finance/bitcoin-price-nears-4-million-lira-as-turkeys-currency-hits-the-floor/",
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