Turkey’s currency, the lira, is plunging in value, and the official inflation rate is soaring, causing desperate people there to plunge into cryptocurrencies. When people don’t trust their domestic currencies, they will find more trustworthy alternatives. SteveForbes on the favorite cryptocurrency in Turkey right now, on what that reveals about the future of cryptos and on how this is just the beginning of this specific class of crypto’s challenge to governments’ monopoly of money.
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