Google searches for Bitcoin, the largest cryptocurrency, soared 566 percent in Turkey after the Turkish lira nose-dived 17 percent in just one day, recording its worst drop in almost 20 years.
This came after President Recep Tayyip Erdogan made a controversial decision to remove Naci Agbal, the head of the country's central bank.
After riding high last week because of an interest rate hike, the lira has since reversed its course, shedding all of its gains in the first quarter.
As reported by U.Today, Turkey has been one of the top-ranking countries by Bitcoin adopting due to its long-lasting currency crisis.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.