Turkey’s Economic Tumoil Shows Bitcoin Is a Better Bet Than Emerging Markets

Bitcoin and the S&P 500 may have strongly recovered from their March lows, but it’s been a dismal quarter for the world’s economies. Unemployment has skyrocketed, consumer confidence is crashing, and against the U.S. dollar, foreign currencies are falling off a cliff. The latter issue is especially pertinent in Turkey, where the Turkish lira is…

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Author: toutiao