🚨 1 Bitcoin is now worth almost 4 MILLION Turkish lira.
$BTC /TRY is trading around ₺3.9–4.0 million right now. That number looks crazy at first, but there’s more behind it than just Bitcoin going up.
Turkey is still dealing with very high inflation, while the central bank’s policy rate remains elevated. At the same time, the lira has been trading around the 49-per-dollar area.
That currency pressure helps explain why crypto has become such a big part of the financial conversation in Türkiye.
The IMF estimates that between a quarter and half of Turkish households hold some form of crypto, while stablecoins are particularly popular. That makes the BTC/TRY price more interesting than simply looking at Bitcoin in dollars.
Because when BTC gets close to ₺4 million, the real question is not just how much Bitcoin has risen.
It’s also how much of that number comes from BTC gaining value — and how much comes from the lira losing purchasing power.
$BTC /TRY is trading around ₺3.9–4.0 million right now. That number looks crazy at first, but there’s more behind it than just Bitcoin going up.
Turkey is still dealing with very high inflation, while the central bank’s policy rate remains elevated. At the same time, the lira has been trading around the 49-per-dollar area.
That currency pressure helps explain why crypto has become such a big part of the financial conversation in Türkiye.
The IMF estimates that between a quarter and half of Turkish households hold some form of crypto, while stablecoins are particularly popular. That makes the BTC/TRY price more interesting than simply looking at Bitcoin in dollars.
Because when BTC gets close to ₺4 million, the real question is not just how much Bitcoin has risen.
It’s also how much of that number comes from BTC gaining value — and how much comes from the lira losing purchasing power.
