Investors Seek Refuge in Bitcoin as Turkish Lira Plunge 45% \

Seems like every single day new country economy takes a plunge .... hmmm it is a sign?

How can be Bitcoin a refuge for investors when it went from almost 20,000 to 6,000 in less than a year? That is more than the 45% drop of the Lira.

Bitcoin makes sense as a way of evading taxes when moving from Turkish Liras to some other currency. If you want a refuge you go to traditional assets like housing or take it out as dollars and pay the corresponding taxes.