An overview of Turkey’s cryptocurrency scene and significant insights from Binance Blockchain Week are included in the report. Turkey has a reasonably high degree of crypto adoption, with over 40% of population having exposure to crypto. Cryptocurrency is a very popular asset class among investors.
66% of investors questioned say that the most compelling rationale for investing in crypto is the possibility for gains. Interest in the technology and ease of portfolio monitoring rank second and third, respectively.
In the short term, 64% of investors questioned predict that crypto values would grow in the next year. Looking forward, 73% expect that the number of crypto investors will expand in the next 5 years, signaling increased acceptance.
Compared to other major economies, Turkey has the fourth-largest cryptocurrency market in the world based on estimated transaction volume.
A strong emphasis was placed on institutional adoption, user experience, and latest advancements during Binance Blockchain Week 2023. Over 2,000 people attended the two-day conference in person in Istanbul, while over 0.5 million watched the livestream.
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- Source: https://thenewscrypto.com/market-update-on-ground-crypto-scenario-in-turkey/
