Turkish Investors Pivot to Cryptocurrencies as Inflation Soars, Lira Slides

Turkish Investors Pivot to Cryptocurrencies as Inflation Soars, Lira Slides

With the Turkish lira plunging and inflation in Turkey soaring, Turks are ditching their national currency for cryptocurrencies – assets with even riskier reputations. WSJ’s Shelby Holliday explains what that could mean for Turkey’s economy and the broader crypto market. Photo: Erhan Demirtas/Zuma Press

By Shelby Holliday

5:14

Shelby Holliday

Shelby Holliday goes in search of the little-known stories behind big business and news headlines, revealing the surprising ramifications for individuals.

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