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

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#1
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 slumping and economic and social policies have purportedly become increasingly hostile.

With the country being a hotbed for crypto adoption, reports indicate, a leading fund manager has said that Bitcoin could be a better bet to take than Turkey and maybe other emerging markets.

@TradeCryptoNow
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