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Standing at the crossroads of the Asian and European continents, Turkey, a country naturally exposed to the collision of Eastern and Western cultures in the torrent of historical development, has already stepped into the fertile ground of the crypto world.
With the advent of Blockchain Week, Binance Research Institute has released a research report titled "Current Status of the Cryptocurrency Market in Turkey," which reveals that 40% of citizens hold cryptocurrency investments, and 73% of Turkish respondents believe that the number of cryptocurrency investors will continue to increase over the next 5 years.
Unlike the FOMO (fear of missing out) frenzy for assets in Southeast Asian countries or the cautious crypto policies in European nations, Turkey's journey into the world of crypto seems to blend different traits from the East and the West.
When it comes to the acceptance of cryptocurrencies, many may immediately think of China's past dominance in mining, the current financial explorations in the United States, and the speculative fervor in South Korea.
However, the actual level of acceptance of cryptocurrencies by Turkish citizens is not lagging behind these countries.
According to Binance's report, 2 out of every 5 Turkish residents hold cryptocurrency assets, and local cryptocurrency acceptance has surged from 16% to 40% in the past 3 years.
Using the same cryptocurrency acceptance index, Turkey ranks 12th globally. Considering its geopolitical positioning in the world economy and its relatively smaller size compared to other economies, Turkey's level of cryptocurrency acceptance is indeed somewhat "far ahead." |
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Post time 27-11-2023 06:08:31
