Key Takeaways Turkey’s lira is near 48.8 per dollar, while a single bitcoin now costs almost 4 million lira. TCMB rates sit at 37%, but with inflation at 31.51%, Turkish savers are still feeling the squeeze. Turkey lets people buy and hold bitcoin, but its 2021 rule still says they can’t spend it directly. Nearly 4 Million Lira for One Bitcoin Five years ago, a Turkish saver needed fewer than nine lira to buy a U.S. dollar. Today, that same greenback costs nearly 49. Against bitcoin (BTC), the numbers have gone completely off the rails. One bitcoin now changes hands …