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The post Crypto Investment Rising in Turkey as Lira falls! appeared first on Coinpedia Fintech News
A recent report by KuCoin has revealed that an increasing number of Turkish citizens are turning to cryptocurrencies as a store of value amidst economic instability. According to the study, the percentage of crypto investors among individuals aged 18-60 in Turkey has risen to 52% from 40% in just 18 months. The report also highlights that young women aged 18-30 hold digital assets, with 47% holding cryptocurrencies. Bitcoin emerged as the most popular cryptocurrency, with a holding rate of 71%, followed by ETH at 45%, and stablecoins at 33%. These findings demonstrate the potential of cryptocurrencies as a viable investment option in countries experiencing hyperinflation or economic turmoil.
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