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‘It’s a casino operation’: As Turkish lira falls, some Turks turn to cryptocurrency

Podcast |: PRI: Arts and Entertainment
Publisher |: PRX,; Public Radio International
Media Type |: audio
Podknife tags |: Arts,; Books,; Movies,; Music,; News & Politics,; TV & Film
Categories Via RSS |: Arts,; News & Politics
Publication Date |: Dec 07, 2021
Episode Duration |: Unknown

Millions of people in Turkey are turning to risky cryptocurrency investments in the hopes of protecting their savings or bringing in a side income. But economist Steve Hanke calls it a "casino operation." "They’re not really investments," he said.

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