Article 5V8FZ Tales from the crypto: lira crisis fuels Bitcoin boom in Turkey

Tales from the crypto: lira crisis fuels Bitcoin boom in Turkey

by
Ruth Michaelson
from Technology | The Guardian on (#5V8FZ)

Lack of trust in official currency has led to surging interest in cryptocurrencies - despite their volatility and government opposition

In the offices of Altcointurk, a cryptocurrency hub tucked away in a sidestreet in Istanbul's bustling Kadkoy neighbourhood, two wall-mounted TV sets showed the live value of currencies bitcoin and Ethereum, both graphs sloping downwards.

Altcointurk's all-male inhabitants were not worried - in the chaotic world of cryptocurrency, their fortunes could soon change.

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