The people of the Turkish crypto ecosystem are very eager to apply the age-old words of wisdom “The bear market is an opportunity to build” to make Istanbul — the business hub of Turkey — home to the global hype surrounding Ethereum.
Turkey is one of the most active countries in crypto and blockchain, and its interest extends beyond market movements. Along with a considerable base of crypto investors, the local community consists of university clubs, Web3 startups, blockchain developers and academics. The country has hosted significant events like ETHIstanbul, Blockchain Economy Istanbul and Istanbul Blockchain Week and aims to achieve more.
The high inflation rate is a key driver behind Turkey’s growing interest in crypto assets, according to economist Erkan Öz:
“Many people [in Turkey] think that they can no longer buy a car or a house within the classical financial system. For this reason, interest in crypto assets is increasing daily.”
However, he noted that the crypto adoption...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...