Bitcoin has achieved a remarkable milestone by climbing past a price of 121,000 USD and recovering critical levels in the exchange rate with the Turkish Lira. As the Lira continues to depreciate, Bitcoin nears its record high, maintaining its rate above an essential psychological barrier not seen since August 2025. What are the cryptocurrencies capturing the interest of Turkish investors? This article delves into the most favored altcoins in the Turkish market and examines their current standings.
What Fuels Bitcoin’s Rise in Turkey?
Bitcoin has experienced a substantial appreciation since 2020, when its price fluctuated between 20,000 and 30,000 TL. Presently, the value of Bitcoin has surged over 5 million TL. Around 2020, an average Turkish home was priced at around 268,500 TL, while now it ranges from 3 to 4 million TL. Bitcoincurrent value demonstrates immense purchasing power as a single Bitcoin can now buy more than two houses, indicating a profound economic shift.
The impressive rise of Bitcoin against local currency devaluation highlights the potential acceleration from its price momentum.
Which Altcoins Attract Turkish Investors?
The upward trajectory of Bitcoin against the USD has been consistent, outperforming gold and other alternative assets over the years. In particular, Bitcoin witnessed nearly a 60-fold increase in the past 1856 days. A 100 TL investment in Bitcoin in 2020 has magnified to a value of 6,000 TL today.
For gold enthusiasts, however, a similar investment yielded substantially less. Investing 344 TL in gold in 2020 would convert to around 5,200 TL now, only a 14-fold increment. Bitcoin’s return stands a staggering 428% higher than gold, highlighting the cryptocurrency’s exceptional potential.
“Our exchanges see a significant trading volume dominated by Bitcoin,” a representative stated.
Data from 21milyon.com reveals that local cryptocurrency exchanges handle a total daily trading volume of 33.3 billion TL, with Bitcoin encompassing 3.1 billion TL. Notably, the Napoli Fan Token is the second-most popular among Turkish traders, followed by the stablecoin USDT, with USDC taking the fourth spot.
Here’s a look at the other favored cryptocurrencies:
With Bitcoin prices climbing to unprecedented heights, the dynamics within the Turkish market reveal a complex interplay between traditional investments and emerging digital assets. This trend raises compelling questions about future market trajectories and investor behaviors in Turkey.
