BTC, ETH, and stablecoins are the most popular cryptocurrencies for Turkish investors.
KuCoin’s most recent report focused on the crypto trends in Turkey estimated that 52% of the locals aged 18 to 60 have already invested in bitcoin or alternative coins. The figure was 40% in November 2021, indicating that Turks have shown great interest in employing digital assets as a hedge against inflation in the past few years.
Younger generations are, expectedly, the most active in the crypto space. Investors aged 31 to 44 make up the majority at 48%, followed by those in the 18-30 age bracket .on the bandwagon in the past three months, illustrating the people’s desire to deal with alternative financial tools to preserve their wealth amidst the current financial turbulence. 33% of investors under the age of 30 have distributed more than 100,000 TL in the market.
KuCoin’s report aligns with the interest displayed by Turks, showing that BTC and stablecoins are among the most popular investment choices in the crypto realm for locals. The second-largest digital asset by market capitalization – Ethereum – is also quite trendy.in mid-May this year could have affected the local cryptocurrency sector since the two nominees – Recep Erdogan and Kemal Kilicdaroglu – share a completely different vision on the matter.
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