It has been more than a decade now since the first real-life purchase of a pizza with Bitcoin happened. Then it was a car, and since 2017, the crypto economy has allowed ambitious investors to own their dream property all around the world. While Bitcoin, Ethereum, and various other cryptos made new homeowners all around the world, it is worth noting that the first-ever sale happened for a property in Turkey. The country has always been the top destination for anyone to invest in a safer future for themselves, their families, and their money's worth.
At the beginning of the last decade, an amendment came into effect for anyone who invests 250.000 USD on a Turkish property can immediately receive a Turkish Passport, and citizenship soon after for themselves, their partner and children. For that reason alone, the country has seen a boost in the number of tourists who decided to permanently stay in the country since the said amendment passed in 2012.
Cryptocurrencies have always been synonymous with words like "secure", "safe", and "profitable" ever since Bitcoin's creation and the public's investment access to it. Those who bought at 1, were able to sell from more than 55 thousand USD at its peak. Now, Ethereum seems to be following on Bitcoin's success and slowly making a place for itself among the investment boards and exchanges. As of 2020, there are now more than 10,000 different cryptocurrencies, and the number of investors keeps increasing every minute. Turkish investors have been following this form of exchange since its early days in 2013. The country has seen its first exchange then and now has become #4 worldwide on investment, exchanges, and ownership of Bitcoin and crypto in general.
The success of crypto has attracted the attention of Turkish real estate and construction firms. The stability of the cryptocurrencies have fastened the warm-up process for these firms, and now most existing and upcoming real estate projects have begun accepting Bitcoin for property purchase in Turkey.
