• Michael Saylor believes there is still hope for Turkey.
• The power of Bitcoin can reverse the damage and revitalize Turkey’s economy.

Bitcoin sentiments and inspirations have not been flattened yet. Michael Saylor, CEO and Co-Founder of MicroStrategy has stated that Bitcoin is Turkey’s only hope.

His sentiments follow the concurrent crisis that Turkey’s currency is facing, which is posing a serious threat to the country’s economy. According to Saylor’s comments, the Turkish Lira lost three-quarters of its value between March and now. There have been nine consecutive falls in the Turkish lira over the past nine years. This exposes some of the major flaws in the Turkish currency.

To improve the currency’s versatility and dominance, Saylor mentioned that conversion from TRY to USD can only slow down the collapse, but it can’t totally solve the issue. Adopting Bitcoin’s power (BTC), can reverse all the destruction done and help to revitalize the economy.

#Turkey has #Bitcoin as its hope. Since March, the currency lost 33% of its value and has been declining for 9 consecutive years. Conversion from TRY to USD will merely slow the collapse, while adoption of BTC will reverse the damage & revitalize the economy.https://t.co/01oZYAWWfd

— Michael Saylor (@saylor) November 19, 2021

Expanding further, Saylor’s Bitcoin recommendation to Turkey clearly shows that he is eagerly promoting BTC’s adoption to the mainstream. Saylor is a passionate supporter of BTC. He has also been regularly tweeting about cryptocurrency, especially Bitcoin, since late. He even calls himself a crypto-guru.

On the other hand, what Saylor said to Turkey about BTC is in line with his recent statement that “Bitcoin is hope for Canada.”

Continue reading on CoinQuora