The inflation rates in Turkey have reached a 24-year high, with the current inflation rate at 78.62%. The figure that was published by the Turkish Statistical Institute, showed a monthly increase of 4.95%.
-----Cryptonews AD----->>>Tüketici Fiyat Endeksi, Haziran 2022
Tüketici fiyat endeksi (TÜFE) yıllık %78,62, aylık %4,95 arttı
Detaylar için web sitemizi ziyaret edebilirsiniz.
https://t.co/DVO5ET7EgC pic.twitter.com/U6qM4qGtS8
— tuik.gov.tr (@tuikbilgi) July 4, 2022
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
As the European Central Bank raised interest rates for the first time in 11 years various countries are also facing similar inflation rate hikes. This is one of the many reasons why the inflation rate is so huge, which includes rising energy costs and the Turkish lira getting weaker with time.
As the lira weakens, LocalBitcoin’s BTC volume in the region has increased significantly. Furthermore during the first and the second quarter of 2022 a huge increase in the peer-to-peer Bitcoin trading volumes has been observed while comparing to the Q4 of 2021.
LocalBitcoins trading volume increased by 51% in the first quarter of 2022 when compared to the fourth quarter of 2021 and by 40% in the second quarter of 2022. This significant increase clearly indicates that people are turning to cryptocurrency to protect their finances.
Amid these economic developments, the Turkish government is taking several measures. However, all sorts of people are turning towards cryptocurrencies and neither age nor gender influences the decision to invest in crypto during such times.
Turkish President Recep Tayyip Erdoğan has been reluctant about the recent rise in the interest rates and called interest rates the mother of all evils. This led to the devaluation of the Turkish lira and the country had to take drastic measures to solve this problem.
The government has introduced a scheme to bring gold savings into the banking system as a measure to combat inflation. The government claimed that the Gold Conversion Deposit Account offers risk-free returns. The gold in the houses is estimated to be around $250 to $350 billion.
Turkey has already imposed a ban on crypto payments back in 2021, but that doesn’t seem to be stopping citizens from simply investing in crypto as an asset class. Furthermore, if the fight continues, crypto investments are only likely to increase. People often consider cryptocurrencies as a hedge against inflation, but that argument seems to be losing steam as it continues.
Read also: Binance CEO explains why Africa primed for crypto adoption
High inflation increasing high interest in Bitcoin investment: Turkey
https://bitcoinik.com/high-inflation-tends-to-high-interest-in-bitcoin-investment-turkey/feed/
https://bitcoinik.com/high-inflation-tends-to-high-interest-in-bitcoin-investment-turkey/feed/
Buy bitcoin and other cryptocurrencies on crypto exchanges: Binance Coinbase Kraken Bitfinex
⚠️WORLD OTC⚠️
💸PAYING AS OF 06/28/2022💸
🛑 REGISTRATION LINK
https://www.worldotc.com/#/pages/login/register?invite=75103
FOR EVERY 10 USERS that you INVITE and work on the platform they will give you $10
————————————————
🌍HOW DOES IT WORK?🌍
👉🏻Rounds are settled every 3 hours, and each round will be 0.4% of your investment amount.
👉🏻You can do up to 8 rounds a day, with a MAXIMUM RENT OF 3.2℅ DAILY.
👉🏻 Make compound interest and double your investment in just 23 days.
👉🏻 The maximum profit per month is 157.2%.
⚫️ Minimum investment amount: 10USDT.
🟢 Minimum withdrawal amount: 5USDT.
🔴 Withdrawal fee: 3℅
————————————————
☢️ MORE INFORMATION
🤖 Self clips
💸 Proof of payment
📺 Telegram groups
https://t.me/WorldOTC1
—————————————————————————————————————-
💠
👉Reward $9.88 for deposit over $100 ♻️♻️🔰
👉The withdrawal speed is fast
👉0% withdrawal fee
👉Simple, safe and stable system
👉Platform cooperation app successfully launched \five-level agency model without investment\. Each user can be a proxy
👉Great Rewards
👉 Referral link
👇⬇️
https://laz220.com?code=119055
Lazada: Rewards for old users who invite new users:
?? Invite 3 first-level valid members (reload $100, buy 50 times), reward $18.88 💰💰✨
?? Invite 10 first-level valid members (reload $100, buy 50 times) and reward $48.88
?? Invite 20 active members, first level member (recharge $100, buy 50 times) and reward $98.88
?? Invite 30 first-level valid members (reload $100, buy 50 times) and reward $288.88
?? Invite 50 first-level valid members (reload $100, buy 50 times) to reward $388.88 and more. The content of the event is to deposit $100 for each valid first level member
Users who qualify to receive rewards contact Lazada Support to receive rewards
For example, if you invite A to top up $500, and the commission generated by A is $20 per day, then you get 16% of the commission generated by A per day, and 16% of $20 is $3.2, and you get $3.2 per day
👇⬇️
https://laz220.com?code=119055
————————————————————————————————————————-
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
Brand new mining Platform machine
rental very easy to use! ✅
🟢Minimum deposit : 10 usdt
🟢Minimum withdraw : 10 usdt
Referral invite:
Line1: 11%
Line2: 8%
Line3: 6%
Registration link:
base.siteminingzone.com/siteMining/register?referralCode=159686
❌Warning:❌
Investing in cryptocurrency carries a high level of risk.
—————————————————————————————————————————————
🔥🔥!! NEW APP!!🔥🔥
👉👉 Name: BUYSTATION 🎄🎄
📆Launched on 01/07/2022
🎉Register and earn money easily 🎁
📈 Daily earnings between 5.6%
💳Payment: USDT TRC-20. *Same Allegro*
🕛Withdrawal time: 5 minutes 2 hours
🌐Registration link👇👇
https://buystation.ink/#/pages/login/register/index?referCode=n6aIBy
🤯🤯 REGISTRATION BONUS $5
🤯🤯 REF PRIZE $5
🤯🤯 $6 for $100 CHARGES
🤯🤯 NOTE REGISTRATION BONUS VALID FOR 12 HOURS
📥Minimum investment $20💵
📤Minimum $30 withdrawal💵
👥team commission💰
⭐️(Level 1 – 18%) 🔥
⭐️(Level 2 -10%) 🔥
⭐️(Level 3 – 5%) 🔥
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
❌Warning:❌
Investing in cryptocurrency carries a high level of risk.
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
