Bitcoin, defined as digital money or crypto money, experienced some problems with demand between 2008 and 2013, but it gained value rapidly after 2013. The increase in question reached its peak in 2018. The increase in Bitcoin allows it to be seen as an alternative tool for many investors.
The trend The Future towards digital currencies
is rapidly increasing. The increase in popularity of cryptocurrencies such as Bitcoin is causing countries and national central banks to make regulations. Some countries in phone number lead particular are moving towards both legal regulation and prohibition. China is among the countries that ban the purchase and transfer of goods and services with Bitcoin.
Digital money is constantly on the agenda in terms of financial value. In May 2019, Bitcoin saw its highest level of the year. It rose by approximately 9.09 percent to $8,725. It makes up 57.3 percent of the digital money market. While there are those who say that digital money will be used much more and become research’s study of eleven protective popular in the future, there are also those who think that digital money like Bitcoin will create problems in the future. Nobel Prize winner Joseph Stiglitz criticizes the Bitcoin currency; he describes its rapid popularity as a scam and states that it should be banned as soon as possible.
Bitcoin in Türkiye
There are no legal regulations regarding virtual currencies in Türkiye. The Banking Regulation and Supervision Agency (BDDK) did not define digital currencies as legal or illegal in a press release it published in 2013, but warned investors against purchasing Bitcoin with all their assets and emphasized that users alb directory should be careful against possible losses.
Although there are statements in Türkiye that earnings related to Bitcoin and similar digital currencies will be taxed, there is no regulation on this issue yet. However, discussions about digital currencies are coming up more frequently. This situation strengthens the prediction that Türkiye may also introduce legal regulations regarding digital currencies in the future.