Monday, August 13, 2018

The Collapsing Turkish Lira as a Safe Haven Against Bitcoin

An interesting observation from Joe Weisenthal:

If someone in Turkey had bought Bitcoin at the beginning of the year, instead of holding their money in Lira... they'd have lost even more.

The lira has lost more than 40 per cent of its value against the dollar this year. Bitcoin is down more than 50%.