$BTC
🚨 SOMETHING REALLY BAD IS HAPPENING IN TURKEY.
Lira is hitting new lows every week.
Stocks crashed 8%+ this week.
Inflation is above 30%, while bond yields are exploding.
And now a liquidity crisis has hit its investment funds.
Investors reportedly pulled $1 BILLION in a single day, and authorities ordered the liquidation of 131 funds worth $18.3 BILLION, affecting around 350,000 investors.
Turkey is now cutting margin requirements from 35% to 20%, offering more liquidity and using government-linked money to support stocks.
Currency crisis. Inflation crisis. Bond crisis. Stock selloff.
And now a liquidity crisis.
Turkey is getting hit from almost every direction at once, and this often ends very badly.
This is why I own Bitcoin.
#CryptoNewss
🚨 SOMETHING REALLY BAD IS HAPPENING IN TURKEY.
Lira is hitting new lows every week.
Stocks crashed 8%+ this week.
Inflation is above 30%, while bond yields are exploding.
And now a liquidity crisis has hit its investment funds.
Investors reportedly pulled $1 BILLION in a single day, and authorities ordered the liquidation of 131 funds worth $18.3 BILLION, affecting around 350,000 investors.
Turkey is now cutting margin requirements from 35% to 20%, offering more liquidity and using government-linked money to support stocks.
Currency crisis. Inflation crisis. Bond crisis. Stock selloff.
And now a liquidity crisis.
Turkey is getting hit from almost every direction at once, and this often ends very badly.
This is why I own Bitcoin.
#CryptoNewss
