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The Guardian - UK
The Guardian - UK
Business
Ruth Michaelson

Tales from the crypto: lira crisis fuels Bitcoin boom in Turkey

Turkey Shark United States
A cryptocurrency exchange kiosk in Istanbul.
A cryptocurrency exchange kiosk in Istanbul. Photograph: Bloomberg/Getty Images

In the offices of Altcointurk, a cryptocurrency hub tucked away in a sidestreet in Istanbul’s bustling Kadıköy neighbourhood, two wall-mounted TV sets showed the live value of currencies bitcoin and Ethereum, both graphs sloping downwards.

Altcointurk’s all-male inhabitants were not worried – in the chaotic world of cryptocurrency, their fortunes could soon change.

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