Cryptocurrency has become a popular investment option for Turkish adults, with 52% of those aged 18 to 60 having invested in crypto, according to a survey conducted in May 2023. This is a 12% increase from 40% in November 2021, with young women aged 18 to 30 leading the charge with 47% investing in crypto. This surge in crypto investment is likely due to the rapid inflation and currency devaluation of the Turkish Lira, making crypto a safe haven for preserving asset value.The most popular crypto investments are Bitcoin (71%), Ethereum (45%), and stablecoins (33%). There is also a growing interest in NFTs, Metaverse, and meme tokens, particularly among investors aged 31 to 44. Most investors are looking to create long-term wealth (58%) or preserve asset value (37%), while 25% are using crypto to diversify their portfolios or reduce risk.Crypto is being used for a variety of purposes, including trading (70%), investing in NFTs (22%), HODLing and staking (19%), gifting (14%), peer-to-peer money transfers and cross-border remittances (13%), and donations to non-profit organizations (8%). This data shows the increasing acceptance and integration of crypto into various aspects of daily life.

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Information	Details
Geography	Europe
Countries	🇹🇷
Sentiment	positive
Relevance Score	8
People	None
Companies	Non-profit Organizations, KuCoin, Turkish Lira, Staking, U.S. Dollar, HODLing, Non-Fungible Tokens (NFTs), Stablecoins, Ethereum, Bitcoin, Metaverse
Currencies	Turkish Lira, Stablecoin, NFT Stars, Ethereum, Bitcoin
Securities	None