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El Salvador’s President Bukele Meets the President of Turkey to Discuss Bitcoin

El Salvador’s leader and Bitcoin advocate Nayib Bukele traveled to Ankara, the capital of Turkey, to meet the Turkish President Recep Tayyip Erdogan. The meeting...
El Salvador’s President Bukele Meets the President of Turkey to Discuss Bitcoin El Salvador’s President Bukele Meets the President of Turkey to Discuss Bitcoin

El Salvador’s leader and Bitcoin advocate Nayib Bukele traveled to Ankara, the capital of Turkey, to meet the Turkish President Recep Tayyip Erdogan. The meeting could impact how Turkey’s government views cryptocurrencies.

The two countries have had very different stances on cryptocurrencies: last year, El Salvador adopted Bitcoin as a national currency, while Turkey banned crypto payments.

El Salvador is planning to raise $1 billion in Bitcoin bonds this year, and according to WSJ, “analysts expect Mr. Bukele to advocate for the use of crypto during the meeting, which comes during a period of turbulence in the Turkish economy.”

Turkey currently suffers from inflation and currency crisis. The Turkish lira lost 40% of its value against the dollar in the past year marking financial instability in the country. This led to Turks becoming highly interested and invested in cryptocurrencies. However, the meeting of Bukele and Erdogan doesn’t exclusively involve cryptocurrencies.

“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,” the Salvadoran government said in a statement, as reported by Reuters.

The meeting between two country leaders takes place between Thursday and Friday, although Twitter (NYSE:TWTR) users have already been writing rumors about Turkey buying over $152 million worth of Bitcoin.

On the Flipside

  • Experts think that the Turkish lira will keep on going down due to high inflation, and Turks will continue guarding and exchanging their money in foreign currencies, gold, crypto, or other assets.

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BROKERS ĐƯỢC CẤP PHÉP
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27-05-2022 11:13:44 (UTC+7)

EUR/USD

1.0757

+0.0034 (+0.31%)

Summary

↑ Buy

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Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (1)

EUR/USD

1.0757

+0.0034 (+0.31%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (1)

GBP/USD

1.2657

+0.0063 (+0.50%)

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Moving Avg:

Buy (12)

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Buy (8)

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USD/JPY

126.86

-0.28 (-0.22%)

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↑ Buy

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Buy (11)

Sell (1)

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Buy (7)

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AUD/USD

0.7145

+0.0046 (+0.66%)

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USD/CAD

1.2750

-0.0022 (-0.18%)

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EUR/JPY

136.48

+0.14 (+0.10%)

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EUR/CHF

1.0304

+0.0016 (+0.16%)

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Buy (8)

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Gold Futures

1,852.28

+4.68 (+0.25%)

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Silver Futures

22.078

+0.113 (+0.51%)

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Copper Futures

4.2975

+0.0243 (+0.57%)

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Crude Oil WTI Futures

114.23

+0.14 (+0.12%)

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Brent Oil Futures

114.46

+0.29 (+0.25%)

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Natural Gas Futures

8.832

+0.023 (+0.26%)

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Neutral

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US Coffee C Futures

225.78

+8.73 (+4.02%)

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Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

Euro Stoxx 50

3,740.31

+92.75 (+2.54%)

Summary

Sell

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Buy (5)

Sell (7)

Indicators:

Buy (2)

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S&P 500

4,057.84

+79.11 (+1.99%)

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↑ Sell

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Sell (12)

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Sell (9)

DAX

14,231.29

+223.36 (+1.59%)

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FTSE 100

7,564.92

+42.17 (+0.56%)

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Hang Seng

20,707.00

+590.80 (+2.94%)

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Sell (1)

US Small Cap 2000

1,838.24

+39.07 (+2.17%)

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Buy

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IBEX 35

8,888.80

+128.60 (+1.47%)

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Sell (7)

BASF SE NA O.N.

50.790

+1.325 (+2.68%)

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Neutral

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Bayer AG NA

65.90

+2.12 (+3.32%)

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Allianz SE VNA O.N.

198.80

+1.32 (+0.67%)

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Adidas AG

176.76

+4.68 (+2.72%)

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Deutsche Lufthansa AG

6.850

+0.073 (+1.08%)

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Siemens AG Class N

118.52

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Deutsche Bank AG

10.414

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Indicators:

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 EUR/USD1.0757↑ Buy
 GBP/USD1.2657↑ Buy
 USD/JPY126.86↑ Buy
 AUD/USD0.7145↑ Buy
 USD/CAD1.2750↑ Sell
 EUR/JPY136.48↑ Buy
 EUR/CHF1.0304↑ Buy
 Gold1,852.28Sell
 Silver22.078↑ Buy
 Copper4.2975↑ Buy
 Crude Oil WTI114.23↑ Buy
 Brent Oil114.46↑ Buy
 Natural Gas8.832Neutral
 US Coffee C225.78↑ Sell
 Euro Stoxx 503,740.31Sell
 S&P 5004,057.84↑ Sell
 DAX14,231.29↑ Sell
 FTSE 1007,564.92↑ Sell
 Hang Seng20,707.00↑ Buy
 Small Cap 20001,838.24Buy
 IBEX 358,888.80↑ Sell
 BASF50.790Neutral
 Bayer65.90↑ Buy
 Allianz198.80↑ Buy
 Adidas176.76↑ Buy
 Lufthansa6.850↑ Buy
 Siemens AG118.52↑ Buy
 Deutsche Bank AG10.414↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,830/ 6,940
(10/ 20) # 1,727
SJC HCM6,840/ 6,940
(10/ 10) # 1,728
SJC Hanoi6,840/ 6,942
(10/ 10) # 1,730
SJC Danang6,840/ 6,942
(10/ 10) # 1,730
SJC Nhatrang6,840/ 6,942
(10/ 10) # 1,730
SJC Cantho6,840/ 6,942
(10/ 10) # 1,730
Cập nhật 27-05-2022 11:13:49
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,854.10+1.190.06%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$113.06-0.07-0.06%
Brent$114.30+0.140.12%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.030,0023.340,00
EUR24.263,1125.622,23
GBP28.523,9629.740,84
JPY177,60188,03
KRW15,9119,38
Cập nhật lúc 11:05:09 27/05/2022
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