The Turkish lira's repeated crashes have fueled a surge in cryptocurrency adoption. With the lira losing over 98% of its value against Bitcoin in five years, Turks are turning to crypto as a hedge against hyperinflation and centralized failure. In 2024, 12% of Turkey’s population owned crypto, with trading volumes soaring during lira slumps. Stablecoins like Tether and Bitcoin are popular for preserving wealth, as locals seek alternatives to a currency plagued by unorthodox monetary policies and political instability. Despite government crackdowns, including a 2021 crypto payment ban, Turkey ranks among the top global crypto markets. As fiat trust erodes, cryptocurrencies are becoming a financial lifeline for many Turks.