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According to local experts, the Turkish blockchain and crypto ecosystem is working hard to grow amid the bear market.
As one of the most active nations in the blockchain and cryptocurrency space, Turkey’s interest goes beyond simple market trends. In addition to a substantial number of crypto investors, the Turkish community includes university clubs, Web3 businesses, blockchain developers, and researchers. The country has held big events such as the Blockchain Economy Istanbul, ETHIstanbul, and Istanbul Blockchain Week, and it hopes to do much more in the future.
As per the economist, Erkan z, Turkey’s rising interest in crypto assets is due to the high inflation rate.