It’s time for Plan B

Bitcoin Price Hits New All-Time High Against Turkish Lira

“At press time, those efforts were still in vain, as another day of intense selling sent the lira to a record low against various currencies including the euro and Bitcoin (BTC).

Weakness in the United States dollar meant that the lira–dollar pair avoided a record of its own, nonetheless dropping to its lowest levels since May.

“#Turkey’s #Lira is toast,” Hanke declared.

‘The central bank’s net foreign assets are a staggering negative $32 billion. Turkey has run out of ammunition in its futile defense of the hopeless lira. Only a gold-backed currency board can save the lira.'”

https://cointelegraph.com/news/bitcoin-price-hits-new-all-time-high-against-turkish-lira