Turkish Lira’s Collapse Sees Media Highlight Bitcoin’s Relative Stability

Turkey and Venezuela have turned to Bitcoin in times of financial crisis, and the next global breakdown will see Bitcoin sore to unimaginable heights.

“Mainstream media seized on the unraveling currency crisis in Turkey Monday, August 13, with Bloomberg publicizing a demonstration of Bitcoin’s (BTC) comparatively low volatility. Leading with the headline “Turkey Meltdown Propels Lira Volatility Above Bitcoin,” Bloomberg became the latest publication to reveal the full extent of the Turkish national currency’s devaluation this year. “The 10-day swings in the lira relative to the U.S. dollar now exceed those for Bitcoin amid Turkey’s escalating currency…”

Source: Turkish Lira’s Collapse Sees Media Highlight Bitcoin’s Relative Stability

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