Now many people are paying attention to bitcoin and think that it will be a hedging tool to avoid the devaluation of the legal currency system. But is this really the case? Look at the current situation in Turkey, because Turkey's economy is not optimistic, there are problems in the lira system. Now the two presidents of Turkey have been removed, and the new president is about to take office, but the lira problem is not easy to solve. Now let's look back at what role bitcoin played in this incident. In recent months, bitcoin's attention in Turkey continues to heat up, and the proportion of offline bitcoin exchange is also increasing. The black market bitcoin transaction price has been far away from intervening in the regular circulation price. This seems to let some people avoid the risk of lira depreciation, but it will increase Turkey's wealth The outflow speed of wealth increases the depreciation speed of lira. In the end, it is true that some people have successfully avoided the risk, but it may bring down the whole lira system and the Turkish economy. Now Turkey is calling on the people to fight against this foreign exchange machine, but someone is exchanging bitcoin. This is actually a kind of betrayal!

(2021-3-31)