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Borong Bitcoin Episode 14: Lessons from Turkey’s Inflation and the Future of Digital Money

How extreme inflation in Turkey reveals the importance of Bitcoin and the future of global finance

What happens when money loses value every single day? In this episode, the focus is on Bitcoin as a hedge against inflation, with real-life insights from Turkey — a nation currently battling hyperinflation. The discussion highlights not only personal investments but also the fragile foundation of fiat currencies around the world.

Why This Episode Stands Out

Unlike previous episodes, Episode 14 introduces something fresh: an interview with a Turkish citizen who speaks Indonesian. His story reveals the harsh reality of living in a country where the local currency depreciates almost daily, forcing people to put their trust in stronger currencies like the US Dollar — and increasingly, Bitcoin.

The Fragile Nature of Fiat Currencies

Three Currency Tiers

• Tier 1: The US Dollar — the world’s reserve currency.
• Tier 2: Relatively strong national currencies such as the Swiss Franc, Japanese Yen, and Chinese Yuan.
• Tier 3: Weak and unstable currencies like the Argentine Peso and Turkish Lira.

When trust in fiat money collapses, people instinctively flee to Tier 1 currencies — or increasingly, to digital assets like Bitcoin. As Timothy emphasizes, fiat money only works as long as people believe in it.

Inflation in Turkey: Ground-Level Reality

Daily Struggles

According to the interviewee, before the pandemic, the exchange rate stood at 1 USD = 4 Lira. Today, it has soared to around 32 Lira per USD. The impact is devastating: supermarket prices change daily, salaries remain stagnant, and essential goods become harder to afford.

A Shift in Trust: From Lira to Dollar — and Bitcoin

Most Turkish citizens now save in US Dollars instead of their own currency. But there’s also a strong rise in Bitcoin adoption: about 70% of young people know about or invest in crypto. For them, this is not mere speculation — it’s about survival and protecting wealth in a collapsing economy.

Bitcoin as a Lifeline

Bitcoin is increasingly viewed as an alternative to fiat currencies, especially in regions suffering from hyperinflation. In this episode, Timothy continues his Bitcoin accumulation strategy, investing another Rp100 million. His portfolio now stands at approximately Rp2.2 billion, proving how long-term dedication to Bitcoin can outperform the declining value of fiat money.

“Inflation isn’t just numbers on a chart — it destroys lives, families, and dreams. Bitcoin offers a way out.”

Key Takeaways

• Inflation is real: Even if you don’t feel it strongly today, other countries show how devastating it can be.
• Trust is everything: Fiat currency only has value as long as people believe in it.
• Diversification is crucial: Holding assets outside your local currency protects your wealth.
• Bitcoin goes beyond speculation: For many, it’s a lifeline in times of financial instability.

Conclusion

Episode 14 not only adds another Rp100 million into Bitcoin but also serves as a reminder of how fragile fiat systems can be. The Turkish case demonstrates what happens when inflation spirals out of control — and why Bitcoin could be the money of the future.

If this resonates with you, share your thoughts in the comments. Do you see Bitcoin as a safe haven, or do you still put your trust in fiat money? Let’s discuss!

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Finance

References:

Youtube Channel	Title	Link
Youtube: Timothy Ronald	Borong Bitcoin Episode 14 - July 2024	https://www.youtube.com/watch?v=nL4944iFDDI