RE: Michael Saylor's Financial Advice To Turkey
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Yes, I read it carefully until the end, I can say this about gold, there are no gold reserves in the world as much as gold shares given by banks and stock markets. It looks like this will cause a gold crisis soon, of course this is a guess, people who will read this please don't mind me too much :)
The reason why Turkey is the country most affected by the economic crisis in the world is the low interest policy of the state, of course, this is not the whole reason, this is only one of the reasons, the privatization of companies, 10 million refugees taken into the country, Turkish stock markets losing confidence by investors are among the reasons.
Even though the country is so badly affected, Erdoğan is still the president of Turkey, there is something the world does not understand. If they do not like Erdogan, Turkish people will continue to elect him. I think that whenever Europe loves Erdogan, someone else will replace him :D
In particular, Turkish people is now very accustomed to bitcoin and knows how to use crypto and how to access it. Maybe it will be a good start for the economy to rise and thank you for sharing this post and asking for our opinions :)
You are absolutely right about what bankers have been doing. Saylor actually mentions that problem of gold as well. The word he used is rehypothecation.
Thank you for listing all the causes for the economic and currency crisis in Turkey. You bring up a good point how such problems actually opened the door for people to learn about crypto and utilize them to preserve their property.