Donate

Financial technology

An advertisement of Bitcoin, one of the cryptocurrencies, is displayed on a building in Hong Kong, Thursday, Nov. 18, 2021.

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

Economics

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.

A university student, a member of a club studying cryptocurrencies, attends a meeting at a university in Seoul, South Korea, December 20, 2017.

Why some young South Koreans are putting their hopes in cryptocurrencies

Commentary
Tell us about your experience accessing The World

We want to hear your feedback so we can keep improving our website, theworld.org. Please fill out this quick survey and let us know your thoughts (your answers will be anonymous). Thanks for your time!

We respect your time, attention and privacy

This is a news website, not a click casino. We do NOT employ deceptive behaviors, display annoying ads or use third party cookies and trackers to monetize your visit or help advertisers track you across the internet.

Simply, we ask that you would consider a donation to support the journalism we produce every weekday. Thank you.

This is The World

The World is a public radio program and podcast that crosses borders and time zones to bring home the stories that matter.

Follow The World

Subscribe to The World’s Latest Edition podcast for free using your favorite podcast player: