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Bitcoin nears 4 million lira as Turkey's currency hits record lows amid high inflation.

Market News
19 Sep 2026
Bitcoin
View Source
Neutral
Bitcoin nears 4 million lira as Turkey's currency hits record lows amid high inflation.

Turkey's lira has fallen to a record low near 48.8 per dollar, pushing bitcoin's price to about 3.95 million lira. Despite a high central bank rate of 37%, inflation remains above 31%, eroding real returns for savers. Turkish households increasingly turn to gold, foreign currency, property, and bitcoin as alternative stores of value. While bitcoin can be legally bought and held, it cannot be used directly for purchases due to regulatory restrictions, reflecting the complex financial environment amid ongoing currency depreciation.

As of Sep 19, 2026 23:33 WIB, Bitcoin trades on Pluang at Rp1.449.950.000 with a 1-day gain of 1.04%. Despite the lira's sharp depreciation in Turkey, Bitcoin's market cap on Pluang remains strong at Rp29.204,21 trillion. The platform sees a higher buying interest with 64% of orders being buys, and typical holding time is 110 days, highlighting steady investor confidence.

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