Bitcoin hits a historic high in Turkey! The lira's sharp depreciation has sparked a BTC encryption hedging wave.

The continued depreciation of the Turkish lira has prompted people to turn to cryptocurrencies such as Bitcoin for asset preservation, and the Bitcoin/Turkish lira trading pair has reached a record high, which may also signal a shift in global financial hedging strategies. (Synopsis: RWA track is hot, overview of global tokenization development status and potential applications) (Background supplement: El Salvador exchange launches tokenized securities such as Tesla and Huida to enter the RWA market) Bitcoin has stood at the $100,000 mark for four consecutive days, market sentiment has warmed up, and optimistic market analysts have expected that we will soon see BTC hit another all-time high (the previous high was $109,800 in mid-January). Interestingly, however, due to the continued depreciation of the exchange rate, the BTC/TRY trading pair has taken the lead in breaking BTC's all-time high this morning. Turkey's fiat currency depreciates, bitcoin becomes a capital flow Looking back at the past 5 years, every time Turkey experienced a major fiat currency depreciation crisis, cryptocurrency trading volume often increased significantly, and bitcoin became a new safe haven choice for the public. We know that under the current trade war initiated by US President Trump, the US dollar has begun to weaken, the currencies of various countries have depreciated, and the new Taiwan dollar has recently soared above the 30 yuan mark. In the future, in the context of increased global economic uncertainty, will cryptocurrencies become a financial hedge tool for people in more countries with unstable currencies? Will the situation in Turkey happen in more countries? It's worth keeping watching. Turkey is a top country for cryptocurrency adoption Affected by inflation and the depreciation of the fiat currency, Turkey has become a top country for cryptocurrency adoption in recent years. Binance, the world's largest exchange, released a research report in 23 years: 40% of Turkish citizens hold digital asset investment positions; 73% of respondents believe that the number of cryptocurrency investors will continue to increase over the next 5 years; 2 out of every 5 Turkish residents hold digital assets; Local cryptocurrency acceptance in Turkey has climbed from 16% to 40% over the past 3 years; Turkey is the fourth largest cryptocurrency trading market in the world, and its cryptocurrency trading volume is significantly higher than several other economies in the world. Related Stories Hong Kong Crypto/Virtual Currency Regulatory Full Analysis: VASP License, Stablecoin, Digital Hong Kong Dollar, Tokenization.. Once looked, God says "blockchain is great"! Pastor Beauty Raises 2.5 Million Magnesium for Church Tokenization: God Says He Will Take Back His House Crypto Payments 20,000 Words Research: From Electronic Cash, Tokenized Currency, to PayFi Big Future Bitcoin Hits Record High in Turkey! This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".