Buy $GGsWill Turkey Follow El Salvador to Legalize Bitcoin (BTC) Tender?
El Salvador’s President Nayib Bukele arrived in Turkey Thursday to meet President Recep Tayyip Erdoğan in a bid to foster alliance and investment in the Central American country.
Just before arriving Bukele had tweeted, “This Thursday, on a State Visit, I’ll hold a meeting with Recep Tayyip Erdoğan, President of Turkey.”
Speculations and memes started arriving on Twitter asking the Turkey President if he intends to follow El Salvador’s path on Bitcoin!
El Salvador President: Greetings from El Salvador, the land of #Bitcoin, to all of Turkey.
President @NayibBukele is meeting Turkey’s President today. #Bitcoin ?
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) January 20, 2022
Turkey keeps interest rates unchanged.
Interestingly, Turkey’s central bank kept its benchmark interest rate untouched, pausing an easing cycle that had helped propel inflation to its highest level since the beginning of President Recep Tayyip Erdogan’s rule.
The country’s Central bank held key rate at 14%, in line with forecasts. signaling more gradual easing in 2022 as the economy adjusts to the situation.
CoinGape had reported earlier in an article titled, “Turkey seeks to implement the crypto law “as soon as possible” briefing the latest update in Turkey’s upcoming crypto law.
The meeting between the two presidents will take place in Ankara on Thursday and Friday.
Describing the president’s visit, the Salvadoran government released a statement, “El Salvador has explored opportunities for Turkish firms to invest in El Salvador, specifically in energy and tourism, setting out the advantages of the coastal strategy known as Surf City.”
It will be interesting to see the outcome of the meeting considering the speculations surrounding the country’s bitcoin policies.
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Peter Schiff Predicts BTC to Fall, Gold to Rise as Markets Price in Prolonged Iran War
- Institutional Re-Accumulation Signs Emerge as Bitcoin ETFs See $1.1B Net Inflows Since Iran War Began: Glassnode
- From Mining Pool to Infrastructure Platform: Nine Years of EMCD
- U.S.-Iran War: U.S. Oil Prices Spike To One-Year High, Bitcoin and Gold Dip
- Crypto Traders Bet Against U.S.-Iran Ceasefire This Month as Iran Denies Peace Talks
- HOOD Stock Targets $100 as Robinhood Unveils Platinum Card and Advance Dividend Feature
- Bitcoin Price Prediction if Donald Trump Signs the CLARITY Act on April 3, 2026
- Pi Network Price As BTC Rallies Above $74K: Can PI Coin Extend Gains to $0.30?
- XRP Price As Bitcoin Reclaims $74K- Is $5 Next?
- Dogecoin Price Outlook as BTC Recovers Above $73,000
- XRP Price Prediction as Iran-U.S. Peace Talks Trigger a Crypto Rally
