Trump vs Erdoğan: Bitcoin Is the Answer to Turkey’s Financial Chaos

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Latest reporting out of Washington appear to signal no deal struck between the Trump administration and the government of Turkey under President Recep Tayyip Erdoğan, potentially deepening an already fragile financial situation. Turkey’s lira has crashed double digits in recent months, and further as tensions between the two countries, over an American pastor’s jailing, continue to worsen. With a devalued currency, rampant inflation, and the usual political answers impotent, the situation in Turkey appears ripe for bitcoin adoption. As Politicians Battle Over Turkey, Citizens Turning More Toward Bitcoin According to the Trump administration, there will be no immediate deal to ease tensions between it and the government of Turkey. Reports suggest Turkey offered to release a US pastor held under suspicion of terrorism, granting a minimum demand of the US, in exchange for easing fines imposed on one of Turkey’s largest state lenders, Turkiye Halk Bankasi A.S. (fined for allegedly