The price of Bitcoin has renewed its historical maximum in tandem with the national currency of Turkey. In addition to the success of bitcoin, this is facilitated by the negative dynamics of the lira itself, which has become entrenched this year as the main outsider among the currencies of emerging economies.
According to CoinGecko , the market value of 1 BTC in Turkey has exceeded 100 thousand lira.
Inflation dynamics in Turkey. Source: TradingEconomics .
The purchase price of bitcoin for lira on the LocalBitcoins p2p platform starts at 106,870 TRY. This indicates the presence of at least 3% premium to the exchange rate.
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