President Erdogan Coming to the Top of Blockchain! What Will It Say About Bitcoin?

According to the announcement made by the AK Party Information Connection Technologies Presidency on its Twitter account, a Blockchain Summit will be held. President Recep Tayyip Erdogan will also attend the summit. Many people wonder if Erdogan will talk about Bitcoin (BTC). Because Erdogan said last September that “we have an effort against cryptocurrencies”. Here are the details…

Will Bitcoin and cryptocurrencies be mentioned at the Blockchain Summit?

According to an announcement made on the Twitter account of the AK Party Information Connection Technologies Presidency, a Blockchain Summit will take place in about a week. President Recep Tayyip Erdoğan will also attend the summit, which will be held at Istanbul University Cemil Bilsel Conference Hall on October 21, 2022.

So, will Erdogan talk about Bitcoin, which is closely related to Blockchain? The idea behind Bitcoin is to create an all-digital, peer-to-peer currency system that can work without banks and without the reinforcement of any government. In the past, Erdogan made negative comments about cryptocurrencies. Late last year, the real Erdogan used the words “we have a different war against cryptocurrencies”.

Metaverse studies drew attention

Erdogan has told AK Party officials in recent months that blockchain is “a sensitive bet and should be properly examined.” As we reported, Erdogan said last year, “We are in a war against cryptocurrencies.” Businesses were prohibited from accepting crypto as payment. However, valuable steps have been taken for the metaverse, which has become a well-known topic lately. At the beginning of 2022, a meeting was held over the metaverse. As we have also reported, the fact that Facebook changed its name to Meta towards the end of last year and focused on the metaverse caused an explosion of interest in this field. Worldwide, studies on the metaverse have accelerated. Studies in Turkey also drew attention. Earlier this summer, Ak Party Information and Connection Technology Leader Ömer Ileri said, “Turkey has accelerated its metaverse efforts as blockchain technology enables digital ownership. “Metaverse is open to development in virtual reality, works management and innovative business models.”

Despite the situation of our country in the war with Bitcoin, the concepts of crypto and metaverse attracted attention throughout Turkey. Much of this interest is attributed to the costly loss of the Turkish lira. Last year, Turkey’s inflation rate exceeded 30 percent. The lira has also lost 40 percent in value since last September. This has led to an increasing number of Turkish citizens trying their luck with Bitcoin and even the chest token Shiba Inu. According to the information, the dollar-pegged stablecoin Tether also draws attention.

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