{"id":76822,"date":"2022-12-14T17:40:04","date_gmt":"2022-12-14T14:40:04","guid":{"rendered":"https:\/\/blog.coinmuhendisi.com\/?p=76822"},"modified":"2022-12-14T17:40:04","modified_gmt":"2022-12-14T14:40:04","slug":"kripto-yol-ayriminda-menkul-kiymet-vs-emtia","status":"publish","type":"post","link":"https:\/\/coinmuhendisi.com\/blog\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia\/","title":{"rendered":"Kripto Yol Ayr\u0131m\u0131nda: Menkul K\u0131ymet vs Emtia"},"content":{"rendered":"

Bitcoin <\/strong>ve Ethereum <\/strong>\u00fczerinde d\u00f6nen menkul k\u0131ymet veya emtia tart\u0131\u015fmalar\u0131, kripto end\u00fcstrisini yeni bir yol ayr\u0131m\u0131na s\u00fcr\u00fckl\u00fcyor.<\/p>\n

Kripto paralar, Bitcoin <\/strong>devriminin yaratt\u0131\u011f\u0131 pop\u00fclarite ile \u00e7e\u015fitli bo\u011fa ko\u015fular\u0131 ya\u015fad\u0131lar. Y\u0131llar \u00f6nce Satoshi Nakamoto <\/strong>taraf\u0131ndan ortaya \u00e7\u0131kar\u0131lan Bitcoin<\/strong>, yeni bir dijital \u00e7a\u011f\u0131n temellerini att\u0131. Kripto paralar\u0131n lideri, beraberinde yeni ve g\u00fc\u00e7l\u00fc projeleri de getirdi. Bunlardan birisi, ikinci en b\u00fcy\u00fck kripto para olan Ethereum <\/strong>oldu. Blockchain <\/strong>teknolojisi ve beraberinde gelen kripto paralar<\/strong>, milyon dolarl\u0131k hacimden milyarlarcadolarl\u0131k hacme ula\u015ft\u0131. Elbette bunda k\u00fcresel ekonominin de etkileri bulunuyor. Enflasyon<\/strong>, krizler<\/strong>, k\u00fcresel problemler <\/strong>gibi etmenler kripto paralar\u0131n benimsenmesine yard\u0131mc\u0131 oldu. \u00d6nce, Bitcoin <\/strong>ve ard\u0131\u00e7lar\u0131n\u0131n birer balon oldu\u011fu ortaya s\u00fcr\u00fcld\u00fc. \u0130nsanlara g\u00f6re bu, patlayacak ve 2008 <\/strong>krizinin ayn\u0131s\u0131n\u0131 ya\u015fatacakt\u0131. Ancak \u00f6yle olmad\u0131 ve kripto end\u00fcstrisi varl\u0131\u011f\u0131n\u0131 g\u00fc\u00e7lendirdi. Sonraki <\/strong>a\u015fama, \u00fclkelerin kripto paralar\u0131 <\/strong>yasaklayaca\u011f\u0131 y\u00f6n\u00fcndeydi. Ancak kripto end\u00fcstrisi<\/strong>, teknolojisiyle birlikte \u00fclkelerin kabul etmesi gereken bir mecra haline geldi. Kripto piyasas\u0131<\/strong>, her yat\u0131r\u0131m piyasas\u0131nda oldu\u011fu gibi ay\u0131 trendleriyle m\u00fccadele etti. Ancak t\u00fcm bu ay\u0131 trendleri, kripto end\u00fcstrisini karalaman\u0131n da \u00f6n\u00fcn\u00fc a\u00e7t\u0131. Son zamanlar\u0131n yeni tart\u0131\u015fmas\u0131, Bitcoin <\/strong>ve Ethereum <\/strong>\u00fczerinde d\u00f6nen menkul k\u0131ymet veya emtia konusu oldu.<\/p>\n

<\/figure>\n

K\u00fcresel Ekonomi; Bitcoin ve Ethereum i\u00e7in Menkul K\u0131ymet ve Emtia Ayr\u0131m\u0131nda<\/b><\/p>\n

Kripto end\u00fcstrisinin liderleri Bitcoin <\/strong>ve Ethereum<\/strong>, bir\u00e7ok k\u00fcresel ekonomi akt\u00f6rleri taraf\u0131ndan ele al\u0131nd\u0131. Akt\u00f6rler, menkul k\u0131ymet ve emtia tart\u0131\u015fmalar\u0131n\u0131 k\u00f6r\u00fckledi.<\/p>\n

Bir\u00e7ok <\/strong>yat\u0131r\u0131m ve y\u00f6netim uzman\u0131 Bitcoin<\/strong>\u2018i emtia olarak de\u011ferlendirdi. K\u00fcresel ekonomide ticari faaliyetlerin t\u00fcm\u00fcne verilen tabir olan emtia<\/strong>, alt\u0131n <\/strong>ve g\u00fcm\u00fc\u015f <\/strong>gibi yat\u0131r\u0131m \u00fcr\u00fcnlerini de kaps\u0131yor. Uzmanlar Bitcoin<\/strong>\u2018i, bu ticari faaliyetler aras\u0131nda g\u00f6r\u00fcyor ve bir ticari mal olarak kabul ediyor.<\/p>\n

Alt\u0131n <\/strong>d\u0131\u015f\u0131nda, pirin\u00e7 <\/strong>veya bu\u011fday <\/strong>gibi tar\u0131m \u00fcr\u00fcnleri de emtia stat\u00fcs\u00fcnde de\u011ferlendiriliyor. Bitcoin<\/strong>\u2018in, menkul k\u0131ymet olamayaca\u011f\u0131 da kesinlik kazand\u0131. \u00c7\u00fcnk\u00fc Bitcoin<\/strong>, PoS<\/strong> mekanizmas\u0131n\u0131 kullanm\u0131yor. Daha ziyade, alt\u0131n <\/strong>gibi bir \u00fcretim ve kullan\u0131m \u00fcr\u00fcn\u00fc olarak g\u00f6r\u00fcl\u00fcyor. Ayr\u0131ca bir kesim, Bitcoin <\/strong>i\u00e7in dijital alt\u0131n tan\u0131m\u0131 yapmaktan ka\u00e7\u0131nm\u0131yor. Tart\u0131\u015fmalar\u0131 k\u00f6r\u00fckleyen de Ethereum <\/strong>oldu. PoW <\/strong>mekanizmas\u0131ndan \u00e7\u0131karak PoS<\/strong>\u2018a ge\u00e7en Ethereum, SEC<\/strong>\u2018in dikkatini \u00e7ekti.<\/p>\n

Ancak di\u011fer tarafta, Emtia Vadeli \u0130\u015flemler Ticaret Komisyonu\u2019nun (CFTC<\/strong>) yapt\u0131\u011f\u0131 hamle de g\u00fcndem oldu. CFTC<\/strong>, FTX <\/strong>eski CEO\u2019su SBF <\/strong>hakk\u0131ndaki iddianamesinde Bitcoin<\/strong>, Ethereum <\/strong>ve Tether<\/strong>\u2018i emtia <\/strong>olarak ifade etti. SEC <\/strong>Ba\u015fkan\u0131 Gary Gensler<\/strong>\u2018in, PoS <\/strong>kullanan kripto para birimlerinin menkul k\u0131ymet olma ihtimalini belirtmesi ayr\u0131 bir tart\u0131\u015fmaya yol a\u00e7t\u0131.<\/p>\n

Kripto end\u00fcstrisindeki emtia ve menkul k\u0131ymet tart\u0131\u015fmalar\u0131 uzun s\u00fcredir devam ediyor. Y\u0131llar boyunca s\u00fcren bu karga\u015fa, son zamanlarda ciddi boyutlara gelmi\u015f durumda. Bitcoin <\/strong>yat\u0131r\u0131mc\u0131s\u0131 Michael Saylor<\/strong>, Ethereum<\/strong>\u2018un bir menkul k\u0131ymet oldu\u011funu ve Bitcoin<\/strong>\u2018in emtia oldu\u011funu \u0131srarla savundu.<\/p>\n

Sekt\u00f6r\u00fcn g\u00fc\u00e7l\u00fc isimleri bu tart\u0131\u015fmalar\u0131 yapa dursun, biz bu yol ayr\u0131m\u0131n\u0131n sonu\u00e7lar\u0131na de\u011finelim.<\/p>\n

Ethereum Menkul K\u0131ymet, Bitcoin Emtia Olursa Neler Olabilir?<\/b><\/p>\n

Kripto end\u00fcstrisinin en \u00f6nemli yol ayr\u0131mlar\u0131ndan birisiyle kar\u015f\u0131 kar\u015f\u0131yay\u0131z. Reg\u00fclasyonlar, sa\u011flam bir \u015fekilde gelece\u011finin sinyalini veriyor. \u00d6zellikle son FTX olay\u0131, d\u00fczenleme ve denetleme ihtiyac\u0131n\u0131 hi\u00e7 olmad\u0131\u011f\u0131 kadar ortaya \u00e7\u0131kard\u0131.<\/p>\n

Reg\u00fclasyonlar\u0131n gelmesiyle birlikte kripto end\u00fcstrisinde yeni bir d\u00f6nem ba\u015flayacak. Ancak reg\u00fclasyonlar, bir g\u00f6zetmeni de beraberinde getirecek. Emtia \u00fcr\u00fcnlerini denetleyen CFTC <\/strong>ve menkul k\u0131ymet \u00fcr\u00fcnlerini denetleyen SEC<\/strong>, kripto end\u00fcstrisine de el atacak gibi g\u00f6r\u00fcn\u00fcyor. Elbette bunun karar\u0131n\u0131 ABD <\/strong>veremeyecek. K\u00fcresele yay\u0131lm\u0131\u015f olan kripto sekt\u00f6r\u00fc, ortak bir reg\u00fclasyon ve denetleyici olu\u015fturulmas\u0131na neden olabilir.<\/p>\n

CFTC ve SEC<\/figure>\n

Merkeziyetsizlik ve gizlilik ilkeleriyle pop\u00fclerlik kazanan kripto paralar, belki de bundan sonra bir denetleyicinin g\u00f6lgesinde hareket edecek. Kripto yat\u0131r\u0131mc\u0131lar\u0131n\u0131n \u00e7o\u011fu bu durumu bekliyor ve istiyor. Sebebi ise tamamen ayn\u0131: G\u00fcvenilir bir mecra olmal\u0131!<\/p>\n

Bitcoin<\/strong>\u2018in bir menkul k\u0131ymet<\/strong> olamayaca\u011f\u0131n\u0131 ve emtia <\/strong>olarak de\u011ferlendirilece\u011fini belirtmi\u015ftik. Bunun nedenleri aras\u0131nda, Bitcoin<\/strong>\u2018in bir getiri kayna\u011f\u0131ndan \u00e7ok daha fazlas\u0131n\u0131 sa\u011flayabiliyor olmas\u0131 yer al\u0131yor. SEC taraf\u0131ndan bu konuyla ilgili de bir a\u00e7\u0131klama gelmi\u015fti. SEC <\/strong>Ba\u015fkan\u0131 Gensler<\/strong>, Bitcoin <\/strong>hari\u00e7 t\u00fcm kripto paralar\u0131 son derece spek\u00fclatif varl\u0131klar olarak tan\u0131mlad\u0131. Gensler<\/strong>, i\u00e7lerinden sadece Bitcoin<\/strong>\u2018in emtia olarak de\u011ferlendirilebilece\u011fini belirtti.<\/p>\n

Gensler<\/strong>\u2018in yapt\u0131\u011f\u0131 k\u0131yaslama da dikkat \u00e7ekti. Gensler<\/strong>, insanlar\u0131n kripto paralara yat\u0131r\u0131m yapma \u015feklini menkul k\u0131ymetlere yat\u0131r\u0131m yapan insanlara benzetti. \u0130ki taraf\u0131n da bir getiri umuduyla i\u015flem ald\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcnd\u00fc.<\/p>\n

Ethereum\u2019un bir menkul k\u0131ymet olmas\u0131, kripto end\u00fcstrisini de sarsacakt\u0131r. \u00c7\u00fcnk\u00fc bir\u00e7ok kripto projesi, Ethereum <\/strong>a\u011f\u0131nda hizmet veriyor. SEC <\/strong>denetimi alt\u0131na girme ihtimali olaca\u011f\u0131 i\u00e7in, di\u011fer kripto paralar\u0131n da \u00e7\u00f6k\u00fc\u015f\u00fcne zemin haz\u0131rlayabilir. Bu durumda Ethereum<\/strong>, t\u0131pk\u0131 bir devlet tahvilleri gibi s\u0131k\u0131 g\u00f6zetim alt\u0131nda i\u015flem g\u00f6recektir. Olas\u0131 kripto yanl\u0131\u015flar\u0131, projenin belki de sonunu getirebilir. Ancak di\u011fer taraftan bakt\u0131\u011f\u0131n\u0131zda, Ethereum <\/strong>makine gibi \u00e7al\u0131\u015fan bir a\u011f yap\u0131s\u0131na sahip. B\u00f6yle bir projenin menkul k\u0131ymet olmas\u0131, trilyonlarca dolarl\u0131k yat\u0131r\u0131m\u0131 \u00e7ekebilir. \u00c7\u00fcnk\u00fc yat\u0131r\u0131mc\u0131lar, tamamen SEC ve benzeri reg\u00fclat\u00f6r\u00fcn himayesi alt\u0131ndaki kripto projesine daha \u00e7ok g\u00fcvenecektir. Belki de Bitcoin<\/strong>\u2018in tarihe kar\u0131\u015f\u0131p, Ethereum<\/strong>\u2018un lider kripto para birimi olaca\u011f\u0131 senaryosu buradan geliyordur. Elbette bu durum, Ethereum<\/strong>\u2018un merkezile\u015ftirilmesi anlam\u0131na da geliyor. Kripto end\u00fcstrisinin geleneksel d\u00fc\u015f\u00fcncesine ters bir durum s\u00f6z konusu olabilir.<\/p>\n

Di\u011fer taraftan, Bitcoin<\/strong>\u2018in emtia <\/strong>oldu\u011fu ve menkul k\u0131ymet<\/strong> olamayaca\u011f\u0131 SEC<\/strong>\u2018in de kabul etti\u011fi bir durum oldu. Olas\u0131 bir resmi emtia stat\u00fcs\u00fc, Bitcoin<\/strong>\u2018in dijital alt\u0131n<\/strong> olma s\u00fcrecini h\u0131zland\u0131rabilir. Bu durumda \u00fclkeler, alt\u0131n rezervlerinin yan\u0131 s\u0131ra Bitcoin <\/strong>rezervlerine de ba\u015fvurabilir. El Salvador<\/strong> \u00f6rne\u011fini, genel d\u00fcnya d\u00fczeninde d\u00fc\u015f\u00fcnebiliriz. Olas\u0131 bir emtia stat\u00fcs\u00fcnde, Bitcoin<\/strong>\u2018in denetimini CFTC <\/strong>veya benzeri bir kurulu\u015f ger\u00e7ekle\u015ftirecektir. Bu durum da trilyonlarca dolarl\u0131k yat\u0131r\u0131m d\u00fcnyas\u0131n\u0131n i\u015ftah\u0131n\u0131 a\u00e7acakt\u0131r. \u00c7\u00fcnk\u00fc b\u00fcy\u00fck yat\u0131r\u0131mc\u0131lar, dijital alt\u0131n\u0131n reg\u00fcle <\/strong>edilmi\u015f haline yo\u011fun ilgi g\u00f6sterir.<\/p>\n

\u0130\u015f Yat\u0131r\u0131m<\/strong> Uluslararas\u0131 Sermaye Piyasalar\u0131 Direkt\u00f6r\u00fc \u015eant Manukyan<\/strong>, kripto end\u00fcstrisinde menkul k\u0131ymet stat\u00fcs\u00fcn\u00fcn yans\u0131mas\u0131n\u0131 de\u011ferlendirdi. Manukyan<\/strong>, kripto piyasas\u0131n\u0131n menkul k\u0131ymet olmas\u0131 halinde ABD<\/strong>\u2018de talep ve i\u015flem hacminin d\u00fc\u015fece\u011fini aktard\u0131. Ancak Manukyan\u2019a g\u00f6re, di\u011fer \u00fclkelerde de durum de\u011fi\u015fmeyecek ve belki de likidite art\u0131\u015f\u0131na neden olacak.<\/p>\n

Manukyan, kripto para borsalar\u0131n\u0131n da arac\u0131 kurum<\/strong> stat\u00fcs\u00fc almak zorunda kalaca\u011f\u0131n\u0131n alt\u0131n\u0131 \u00e7izdi. Son FTX <\/strong>olaylar\u0131na bak\u0131l\u0131rsa, kripto para borsalar\u0131n\u0131n denetleyicilerden arac\u0131 kurum<\/strong> stat\u00fcs\u00fc almas\u0131 mant\u0131kl\u0131 olabilir. Bu durum daha g\u00fcvenilir bir piyasa ko\u015fulu sa\u011flayacakt\u0131r.<\/p>\n

Ayr\u0131ca Manukyan<\/strong>, ICO<\/strong> kripto projelerinin de SEC <\/strong>denetimine girece\u011fini aktard\u0131. B\u00f6ylelikle kripto projeleri, sa\u011flam de\u011filse piyasaya \u00e7\u0131k\u0131\u015f yapamayacak.<\/p>\n

Konuyla ilgili \u015eant Manukyan<\/strong>\u2018\u0131n g\u00f6r\u00fc\u015flerini ald\u0131k.<\/b><\/p>\n

\u0130\u015f Yat\u0131r\u0131m Uluslararas\u0131 Sermaye Piyasalar\u0131 Direkt\u00f6r\u00fc \u015eant Manukyan, menkul k\u0131ymet ve emtia tart\u0131\u015fmalar\u0131yla ilgili g\u00f6r\u00fc\u015flerini payla\u015ft\u0131. Manukyan<\/strong>, SEC<\/strong>\u2018in kulland\u0131\u011f\u0131 \u00f6l\u00e7\u00fct\u00fcn Howey Testi <\/strong>oldu\u011fundan bahsetti. Bu test ile birlikte, d\u00f6rt <\/strong>maddenin d\u00f6rd\u00fcn\u00fc <\/strong>de ge\u00e7en varl\u0131klar menkul k\u0131ymet olarak kabul ediliyor. Nedir bu Howey Testi<\/strong> ve d\u00f6rt madde<\/strong>?<\/p>\n

\u2022 Para kar\u015f\u0131l\u0131\u011f\u0131nda m\u0131 elde edilebildi?
\u2022 Yat\u0131r\u0131m bir \u015firkete\/giri\u015fime mi yap\u0131ld\u0131?
\u2022 Yat\u0131r\u0131mdan kar elde edilmesi mi umuluyor?
\u2022 Kar bir \u00fc\u00e7\u00fcnc\u00fc taraf veya m\u00fcte\u015febbisin \u00e7abalar\u0131 kaynakl\u0131 m\u0131?<\/p>\n

<\/figure>\n

Bu d\u00f6rt madde, genel olarak incelendi\u011finde menkul k\u0131ymetlerin daha \u00e7ok kazan\u00e7 temelli oldu\u011funu ortaya koyuyor. Ayr\u0131ca Manukyan<\/strong>, menkul k\u0131ymet ve emtia olay\u0131na en iyi emsalin Ripple <\/strong>olaca\u011f\u0131n\u0131 belirtti. SEC <\/strong>ile Ripple <\/strong>aras\u0131nda ge\u00e7en davan\u0131n konusu da menkul k\u0131ymet \u015feklinde. Bu davada SEC<\/strong>, Ripple<\/strong>\u2018\u0131n bir menkul k\u0131ymet oldu\u011funu savunuyor. Ancak, Ripple <\/strong>taraf\u0131 buna kar\u015f\u0131 \u00e7\u0131k\u0131yor. Bu davan\u0131n sonucu, genel kripto <\/strong>end\u00fcstrisinin reg\u00fcle edilmesinde \u00f6nemli bir rol oynayacak gibi g\u00f6r\u00fcn\u00fcyor.<\/p>\n

Di\u011fer taraftan Manukyan<\/strong>, SEC <\/strong>Ba\u015fkan\u0131 Gensler<\/strong>\u2018in yapt\u0131\u011f\u0131 a\u00e7\u0131klamalara da de\u011findi. Manukyan<\/strong>\u2018a g\u00f6re, Gensler<\/strong>\u2018in PoS <\/strong>kullanan kripto projelerinin Howey<\/strong>\u2018den ge\u00e7me ihtimali oldu\u011funu s\u00f6ylemesi tart\u0131\u015fmalar\u0131 tetikledi. Bunun ana nedeni ise PoS kat\u0131l\u0131mc\u0131lar\u0131n\u0131n kazan\u00e7 elde etmek amac\u0131 ile para yat\u0131rmalar\u0131. Lido <\/strong>ve di\u011fer borsalar\u0131n\u0131n bu tarzdaki \u00e7al\u0131\u015fmalar\u0131 \u00f6ne \u00e7\u0131k\u0131yor. Bu durum Howey<\/strong>\u2018nin bir ve \u00fc\u00e7\u00fcnc\u00fc maddeleriyle uyumlu oluyor.<\/p>\n

Yat\u0131r\u0131m Uzman\u0131 \u015eant Manukyan<\/strong>, Ethereum<\/strong>\u2018un bir menkul k\u0131ymet olamayaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyor. Bunun nedeni olarak da Howey\u2019in ikinci ve d\u00f6rd\u00fcnc\u00fc maddelerine uymad\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n

Kripto Bir Karar A\u015famas\u0131nda<\/b><\/p>\n

<\/figure>\n

T\u00fcm bu tart\u0131\u015fmalar\u0131n ve ger\u00e7eklerin ortas\u0131nda, kripto paralar\u0131n bir karar a\u015famas\u0131nda oldu\u011funu s\u00f6ylememiz do\u011fru olacakt\u0131r.<\/p>\n

Bitcoin<\/strong>\u2018in emtia ve Ethereum<\/strong>\u2018un menkul k\u0131ymet olarak de\u011ferlendirilmesi yeni bir d\u00f6nemi ba\u015flatacakt\u0131r. Bunun sonucunda, kripto end\u00fcstrisindeki bir\u00e7ok proje tarihin tozlu sayfalar\u0131na kar\u0131\u015facak. Bunun en \u00f6nemli sebebi, reg\u00fclasyonlar\u0131n s\u0131k\u0131 bir denetim sa\u011flayacak olmas\u0131d\u0131r. 4 dakika<\/strong> i\u00e7inde kripto para \u00e7\u0131kar\u0131labilen bu d\u00f6nemde, denetlenemeyen t\u00fcm kripto projelerine yasaklamalar getirilebilir.<\/p>\n

Bu yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan daha g\u00fcvenilir ve daha sa\u011flam bir piyasa ko\u015fullar\u0131 anlam\u0131 ta\u015f\u0131yor. B\u00f6ylelikle kripto yat\u0131r\u0131mc\u0131lar\u0131, reg\u00fclasyonlardan sa\u011flam bir \u015fekilde ge\u00e7mi\u015f projelere y\u00f6nelebilir. Ancak risk severler, olas\u0131 k\u00f6t\u00fc senaryolara kar\u015f\u0131 haz\u0131rl\u0131kl\u0131 olmal\u0131.<\/p>\n

Karar k\u0131sa s\u00fcrede gelmeyecektir. CFTC <\/strong>ve SEC<\/strong>, s\u0131k s\u0131k bu konu hakk\u0131nda g\u00f6r\u00fc\u015flerini payla\u015f\u0131yor. Son FTX <\/strong>olay\u0131n\u0131n mahkeme s\u00fcreci de devam ediyor. \u00d6n\u00fcm\u00fczdeki y\u0131llarda, sa\u011flam bir reg\u00fclasyonun gelmesi s\u00f6z konusu olabilir. Ancak piyasa ko\u015fullar\u0131na bak\u0131l\u0131rsa, Bitcoin <\/strong>ve Ethereum <\/strong>farkl\u0131 yollara gidecek gibi g\u00f6r\u00fcn\u00fcyor. Emtia ve menkul k\u0131ymet d\u0131\u015f\u0131nda farkl\u0131 bir yol daha \u00e7izilebilir. Bunu mahkeme sonu\u00e7lar\u0131 ve \u00fclke tutumlar\u0131 belirleyecek.<\/p>\n

Ancak bak\u0131ld\u0131\u011f\u0131 zaman, herhangi bir denetim ve d\u00fczenleme olmadan kripto piyasas\u0131n\u0131n ad\u0131m atmas\u0131 m\u00fcmk\u00fcn g\u00f6r\u00fcnm\u00fcyor. \u00c7\u00fcnk\u00fc denetimsiz ortamda, her d\u00f6nemde bir FTX<\/strong> ve bir Terra <\/strong>olay\u0131 ya\u015fanabilir. Son Binance <\/strong>iddialar\u0131 bile yat\u0131r\u0131mc\u0131lar\u0131 tedirgin etmeye yetti.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin ve Ethereum \u00fczerinde d\u00f6nen menkul k\u0131ymet veya emtia tart\u0131\u015fmalar\u0131, kripto end\u00fcstrisini yeni bir yol ayr\u0131m\u0131na s\u00fcr\u00fckl\u00fcyor.<\/p>\n","protected":false},"author":1,"featured_media":76823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,15],"tags":[12,243,828,224],"class_list":["post-76822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-genel","tag-bitcoin","tag-ethereum","tag-kripto-para","tag-yatirim"],"yoast_head":"\nKripto Yol Ayr\u0131m\u0131nda: Menkul K\u0131ymet vs Emtia - Coin M\u00fchendisi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinmuhendisi.com\/blog\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kripto Yol Ayr\u0131m\u0131nda: Menkul K\u0131ymet vs Emtia\" \/>\n<meta property=\"og:description\" content=\"Bitcoin ve Ethereum \u00fczerinde d\u00f6nen menkul k\u0131ymet veya emtia tart\u0131\u015fmalar\u0131, kripto end\u00fcstrisini yeni bir yol ayr\u0131m\u0131na s\u00fcr\u00fckl\u00fcyor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinmuhendisi.com\/blog\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin M\u00fchendisi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/coinmuhendisi\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-14T14:40:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2022\/12\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia-wHSDqEQf.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@coinmuhendisim\" \/>\n<meta name=\"twitter:site\" content=\"@coinmuhendisim\" \/>\n<meta name=\"twitter:label1\" content=\"Yazan:\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tahmini okuma s\u00fcresi\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 dakika\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/coinmuhendisi.com\\\/blog\\\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coinmuhendisi.com\\\/blog\\\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Kripto Yol Ayr\u0131m\u0131nda: Menkul K\u0131ymet vs Emtia\",\"datePublished\":\"2022-12-14T14:40:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coinmuhendisi.com\\\/blog\\\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia\\\/\"},\"wordCount\":1893,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/coinmuhendisi.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/coinmuhendisi.com\\\/blog\\\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coinmuhendisi.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia-wHSDqEQf.jpg\",\"keywords\":[\"bitcoin\",\"Ethereum\",\"kripto para\",\"Yat\u0131r\u0131m\"],\"articleSection\":[\"Bitcoin Haberleri\"],\"inLanguage\":\"tr\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coinmuhendisi.com\\\/blog\\\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia\\\/#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/coinmuhendisi.com\\\/blog\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coinmuhendisi.com\\\/blog\\\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia\\\/\",\"url\":\"https:\\\/\\\/coinmuhendisi.com\\\/blog\\\/kripto-yol-ayriminda-menkul-kiymet-vs-emtia\\\/\",\"name\":\"Kripto Yol Ayr\u0131m\u0131nda: Menkul K\u0131ymet vs Emtia - 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