Bitcoin has approached 4 million Turkish lira as the currency weakens and inflation erodes savers’ purchasing power. The lira trades near 48.8 per dollar, while bitcoin changes hands for roughly 3.95 million to 3.96 million lira. The lira has lost about 18% against the dollar over the past year, and official data indicate an approximately 86% decline in purchasing power over five years. The Central Bank of the Republic of Türkiye’s 37% policy rate compares with official inflation of 31.51% and ENAG’s estimate of 49.03%. Turkish residents may legally buy, hold and sell bitcoin and USDT, but a 2021 rule bars direct crypto payments for goods and services. The 2024 Crypto Asset Law placed platforms under the Capital Markets Board while leaving trading legal. The older INTEL alert’s description of the lira as near-zero against Bitcoin is a dramatic relative-value characterization rather than a literal claim that the currency has no exchange value.