At its core, #Web3 is based on blockchain technology, which entails a distributed ledger hosted by a network of computers rather than a single server. This blockchain-based web aims to revolutionize the way information is stored, shared, and owned. #bitcoin

Additionally, #Web2 saw the emergence of powerful tech giants such as #Google, #Facebook, and #Amazon, which monetized user data through targeted advertising. With a few companies dominating the online landscape, the promise of a democratized web was met with the reality of centralization. #bitcoin

However, the emergence of the World Wide Web (www), which allowed users to navigate static web pages through technologies like #HTML and URLs, did not occur until the year 1991. During this period, the primary focus was on information transfer and consumption.

The birth of the internet can be traced back to 1969 when the U.S. government sent the first message over the #ARPANET.

The article may have become a bit lengthy, but I needed to write in detail to fully share my thoughts with you.

I can sense that some of you might be asking yourselves questions like "Should we invest in the stock market?" or "Should we invest in gold?" I'll share my own opinions on these questions with you as soon as possible.

Currently, it appears to be a more sensible option to switch to Turkish Lira deposits, keep an eye on national and global developments, and consider transitioning to CPD at maturity if there is a development that could lead to a new surge in exchange rates.

While Turkish Lira deposits allow a minimum maturity of 32 days, in the case of Currency Protected Deposits (CPD), this period is 3 months.

Factors such as potential changes in the policies being implemented, global crises, and ongoing wars right next door can quickly change the course of exchange rates. Therefore, when making investments, the "term" should not be overlooked.

In addition to maintaining the current policy in a stable manner, the influx of foreign capital into the country is also crucial for the trajectory of exchange rates.

So, a person who invests their money in Turkish Lira deposits today will have made the right decision according to the 2024 year-end USD/TRY exchange rate forecast we discussed earlier.

Deutsche Bank has set its year-end 2024 USD/TRY exchange rate expectation at 35 TL, while HSBC has set theirs at 32 TL. From today's perspective, the current expectations for the USD/TRY exchange rate one year from now are below the breakeven point you mentioned earlier.

Let's take a look at the Market Participants Survey conducted by the Central Bank in August for an estimate of the USD/TRY exchange rate in 2024. According to the survey, the forecast for the exchange rate one year from now is 34.58 TL.

However, if the exchange rate exceeds 38.9 TL, the person who invested their money in Turkish Lira deposits today will have earned a lower income.

If the exchange rate is below the breakeven point one year from now, then the person who invested their money in Turkish Lira deposits today will have made the right decision.

The breakeven point for the exchange rate one year from now, corresponding to the return that would be obtained from this interest rate, is approximately 37.5-38.9 TL.

We are more interested in the mathematical aspect rather than the political aspect of the matter. If we approach the topic mathematically, under current conditions, Turkish Lira deposits provide an annual return of 40-45%.

Especially in a country like Turkey, where it is so easy for the implemented economic policies to suddenly switch to completely opposite policies overnight. #bitcoin