The Minister of Treasury and Finance in Turkey, Mehmet Şimşek, expressed concern about the growing number of individual investors in the country turning to cryptocurrencies, highlighting the risk involved. Şimşek emphasized that cryptocurrencies are essentially software, based on algorithms without any tangible backing. He contrasted this with the stock market, where investors have ownership in companies with real assets, making it a less risky option. These statements were made as a cautionary note to investors and do not constitute investment advice.



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