MicroStrategy Executive Chairman Michael Saylor responded to economist Mohamed El-Erian’s tweet about Turkey’s economic problems.
For those struggling to survive in an economy with a collapsing currency like the lira, Bitcoin is the best solution, Saylor said.
In May, the country’s annual inflation rate hit 39.59 percent, according to the Turkish Statistical Institute. The Inflation Research Group, made up of independent economists, put the figure at 109.01%.