In 2013 you only needed 1.75₺ Turkish Lira to get $1 USD🇹🇷
In 2023 you now need 20₺ Turkish Lira to get $1 USD🇺🇸
The 84 million people living in Turkey have lost 92% of their purchasing power against the USD in only 10 years🚨 
Discussion
That's pretty horrific.
Now factor in how purchasing power the USD has lost since 2013 😅
It’s no surprise BTC priced in the Lira is approaching ATHs
Yes.
What is surprising to me, is that bitcoin is not valued more in US dollars.
I think that it's caused by an information asymmetry, some deliberate price suppression & a general lack of liquidity in markets right now.
I'm not worried, but I am a little surprised. I guess I am biased against the risks in holding USD derivatives & perhaps how soon these risks will eventuate. I would have thought bitcoin was worth more than this as a hedge. 🤷