Bitcoin Forum

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

It already affects in some way. There is no economy which doesn't mention bitcoin

yes, it will affect the economy alot. Everything has changed since bitcoin was created and you can see how important bitcoin is. THerefore, bitcoin will become one of the most important things in the world economy

The impact of bitcoin is very influential for low economic actors like me.
How not, my salary in the factory is still higher the result of this bitcoin.
So, this bitcoin really helps my economy.

I think the question you should be asking is, if the Block chain technology on which bitcoin is designed, is having any effect on the economy! Bitcoin is currently only seen as a store of value that might increase in value according to speculators.

Blockchain tech on the other hand, can be adapted by any individual or group to create a useful application. Therefore Blockchain is the one really affecting the economy.

Yes, definitely it can affect the economy in a positive way, as it does to a country as a whole. Expect a huge growth in the economy that will help lessen poverty if the government will fully support bitcoin or blockchain technology.

The direct effects of bitcoin and other cryptocurrencies will be on the financial system. Of course, this is going to have a large impact on the economic system.

Some economists, although perhaps not mainstream ones, would probably argue that if sound money in the form of cryptocurrencies were to replace fiat currencies, the economy would do much better. Notably, the Austrian business cycle theory https://en.wikipedia.org/wiki/Austrian_business_cycle_theory (https://en.wikipedia.org/wiki/Austrian_business_cycle_theory) proposes that the familiar boom-and-bust cycles in the economy are actually due to excessive credit expansion. If this is true, an economy based on cryptocurrencies could be more stable than our current economies.

Another important effect is that cryptocurrencies will bring a lot more people into the financial system, people who currently do not have a bank account. This will increase the liquidity of the market and be good for business.

Yes bitcoin will effect in the economy system of the country specially on the financial aspect of the people who are engage with it. The growth of population of bitcoin users who tries their journey to somehow make their lives change with the help of bitcoin. As people do have earning a big effect to the economy because they can now buy all the commodities they need in their daily lives, poverty lessen and unemployed people are given a chance to make money by doing bitcoin.

Somehow, I think it is, if Bitcoin was one of the grrat sources of income of each family , no doubt the economy of one country will raise, the shortage of resources will be fine cause the country can afford whatever will happen to the price of the goods, as well as great education for each students will be funded.

No, bitcoin by itself no. Tho, as you can see, many countries have started developing their own country crypto, that's pretty good if you ask me. I'd like to see my country develop something like that, even if it's centralized and backed by that country's currency (that crypto would pretty much be a digital copy of the fiat currency).

Bitcoin is in a weird place today, it's becoming less and less of a currency and more of an investment asset (like gold), so it may very well continue on like that,  while some new alt-coins (various ones, depending on the business) taking it's place as a payment system.

Cashless economy and digital currency are, no doubt, the future of World Economy. Bitcoin as such can affect the economy or not depend upon its acceptability among the general public as a mode of payment.

Bitcoin can affects one economy specially when they supported this kind of technology. Many people are now using bitcoin and by this they can easily get some profit to use for their daily needs but the government must support its people, creates system to finally educate people with the right information and by this the economy of a country will boom for sure.

of course it affects the economy of a country in a good and bad way. For example some countries impose taxes into exchanges and earn extra tax from people by rising their budget.

Op ask about bitcoin effect on the economic system, it's more complex than just your economic condition.
Bitcoin may help some people to earn more as the price rate is higher compared with any other currency, as long as you can earn bitcoin, it's a good way for additional income. But the fact is; most countries do not have a regulation regarding cryptocurrency and some countries have started to learn about bitcoin in order to issue a regulation about it such as happened in South Korea.

One thing for sure, crypto-community become bigger over time and billions of dollars involve in cryptocurrency every day, exchanges may become another gold mine for a country to tax everyone who involved in cryptocurrency for their capital gains.

At the moment bitcoin is not affecting any single economy because it doesnt have enough users from any one single country.
If at any point it does get a massive amount it will affect the finances of that country unless they introduce taxation.
Us crypto users in general do not like taxes but in order for a country to function taxes have to be paid.

Why would you like to see that? That will just be fiat but in a cryptocurrency form, I know that is going to happen but if that were to happen in my country I know I will never going to use it, why I will exchange my cash that gives me anonymity or my bitcoin that gives me complete control of my wealth for a crypto that is inferior to both bitcoin and cash?

I would agree that bitcoin has an effect to the current economy system in a certain country where it can give
great opportunities to earn income especially for the unemployed people. If the government will have full support to bitcoin, it could surely lessen the poverty rate and people may gain income from bitcoin.

I think so because bitcoin is a cashless and when you send or receive money for no any charges at all

Bitcoin is not an illegal way to earn and use . New cashless method is a good way for this generation bitcoin is also like this there is no bad thing in using bitcoin as an onlino money but some countries will not accept bitcoin for some reason soon all confusion will definitely clear and my opinion is bitcoin will not affect any other countries economy .

Yes it could affect in two different way, the good way and bad ways it is always has advantage and disadvantages.

The good way is advantages, bitcoin could help people who need financial and bitcoin could reduce also the employment rate like those people in disabilities. Then because they earn more money in bitcoin the consumer rate will be increase.

Second is the bad way the disadvantages, bitcoin is known that has a high price it will affect the employment rate, instead of working in mall or company they would rather to choose here.

The current bitcoin is already affecting the world's economy. Maybe most people haven't found it yet? Bitcoin starts from its crazy price rise. It has a place in the world economy.

IMO, there will be an affect to our country if bitcoin is used for a payment may be it will have affection but instead of using it as payment they can trade it and get profit with it, so I do not think it will affect them, even they can raise their money value and make every single country to be better because everyone can convert it to each own fiat. It will give positive way in exchange

It will change the whole world economy and our daily life. The current economic system castles ( big companies, g5, g8 countries, USA, Europe) will act against Bitcoin and crypto currency, and they will start a war in the near future.

It has minor effect for now, I think. In most countries you still can't buy anything with bitcoin, but when most people start using bitcoin and keep their savings out of banks it will affect country's economy a lot. As for today, country's economy influence Bitcoin rather than the reverse.

Of course it will have effect on economy system, as a matter of face it already had. When ban of crypto in china happened, they didn't ban only ICOs, they baned bitcoin and all cryptos as well. From what i know they had feared for their economy in that moment, so they decided to ban cryptos until they could regulate it more. Now they allowed it again, but with regulations. Therefor we can all agree that it have effect on current economy system.

It is already affecting some countries economy and soon will be the world's economy because it gives hope to those unemployed people to have the opportunity to earn money and also because it is an easy way of earning money.

The current bitcoin is as of now influencing the world's economy. Perhaps the vast majority haven't discovered it yet? Bitcoin begins from its insane value rise. It has a place on the planet economy.

 Bitcoin is affecting current economic systems of many countries. Bitcoin is a first digital cryptocurrency introduced to the world.  People like the unique features of bitcoin currency. Bitcoin is the currency they are waiting for centuries. People who are tired of centralized and compromising currencies immediately shifted their investments from fiat and traditional currencies towards much transparent bitcoin currency. Not only developed but underdeveloped and African countries also started investing in bitcoin currency. Decentralied currency like bitcoin has become a ray of hope for such devastated economies. As a result government and financial institutions from such countries are putting pressur on bitcoin currency, they are trying to regulate bitcoin currency.

well its still not powerful to create a new economic crisis, but something other will, and then people might turn to crypto as a safe investment.. but, given the prices are unstable..some will profit, some will lose - it will be just as always  :)

I think that it does have an effect on economy. Let's look at the fact that a lot of people who otherwise didn't have any means of earning found their niche in BTC. It may change the lifestyle of a lot of people. There are people who want to get rich via BTC in order to help their communities in one way or another then there are those who will focus on uplifting their own way of living. It has the capability to expand the buying power of people.

Bitcoin will effect the economy of those system which are against of the bitcoin. Because the people of that system will not utilize the bitcoin qualities of economics. And the system will be effected. If bitcoin is accepted by the all system then no system will be effected by the bitcoin.

if the worlds get cashless system for sure there will be business now that are running faster than ever because we don't need to fall in line and wait for our turn to make payments right using cashless system we are going to make payments easily. bitcoin would do it for us.

I was amazed about the large publicity of Bitcoin trading in my country as a developing country one won't expect much from my country. I know of few youths who are involve in the trading and with this they can feed for themselves and their family. It has affected my economic system positively neglecting the exchange rate.

It could in deed but there is also a question of the national culture related to money. There are people who enjoy to feel the paper money between their fingers so the change will be in a long period of time.

For me it already is, with the governments in different countries imposing taxing regulation on cryptos, adoption of blockchain on businesses, stock traders moving towards crypto trading, decentralized type of system copied from blockchain by many companies and many more. We will see more of development in different sectors and industries if this cryptocurrency especially bitcoin continue to increase its market and its price.

At the moment it is not affecting the economy, the fact that it runs in parallel with fiat money based economy and also the small number of adopters make it a 0,0000000... % of the economy.
But in the near future it will be reconized as an asset and blockchain technology will disrupt a lot of economy areas leading to a new tokenized economy and to a new system based on new automations.
In this scenario bitcoin will be more relevant, but all goes together, we are at the beginning of a new era of disruptions and new models, economy will b global and hopefully based on a new internet, of things, of money, of society, etc

Can you tell me how unemployed or poor people should buy Bitcoin? For the money they do not have? The fact that the bitcoin community is growing has a very small impact on the economy. These are investments in bitcoin not in the economic system.

I think those type of people are not the majority type.I believe most of the people possess being a humanitarian in their own way.Bitcoin if properly used can really uphold the welfare of the current economy system.Big example of it is minimizing poverty through making unemployed people have their own job that will serve them as one of their source of income.

It is already affecting the economy little by little, and by the looks of it, it appears that Wall Street money and attention is slowly diverting towards bitcoin and other crypto assets. Eventually, everyone will be digging bitcoin and other crypto and the governments would need to keep up by taxing it or imposing stricter regulations so as to retain the control they have on the people.


Why would they do that if they don't have the money, or can't afford to lose money in the first place? Putting your money into crypto assets is still a very high risk even with the huge attention it is gaining from the worldwide community, so the answer to your question is no.

It can affect, but I would not say it will. It's a long way, and there is no guarantee that any crypto is going to become a major world thing, that can affect global economy. Even BTC despite it is most popular.

Bitcoin and the other cryptos will not only affect the global economy but shape its future.

If you can't notice bitcoin is already affect to the economy system of each country. It's because thru help of this coin financial needed of each economics will be increased. In addition some unemployed person we're got job in crypto currency industry.
So I'm looking forward that someday this coin will be legalize and it will considered as one of the big source of income of the people in the whole world.

Bitcoin definitely has created many parallel economies/eco-systems, It has potential to throw some big companies out of the business. It may serve as an alternate medium of exchange for countries in turmoil. But I don’t see any good reason for it to replace the currency or central bank.

In history there was golden, silver, bronzed or some other metal as money(coins). After some time paper money appeared and replaced old kind of money. In the future same will happen, paper money will be replaced with electronic. Even now more and more people use pay cards for paying and not cash.  As much as people like some things, no one can stop technology and its progress, it would be pointless trying. If bitcoin becomes worlds currency, sooner or later everyone would need to accept it.
We can all agree that bitcoin gives great opportunity to people, poor and rich to make money out of almost nothing, and that way bitcoin fights poverty. So sooner or later countries will need to accept bitcoin fully. Which if done right will benefit even them. Little by little bitcoin is changing things... it changes economy... it changed the world.

I think nowadays Bitcoin has changed from being from alternative online payment transactions to a stored asset value. The impact will not interfere with the value of fiat stability in a country economy system. Currently Bitcoin and other crypto currencies are used as trading objects such as forex and commodities.

Yes since many uses bitcoin in whole over the world and only few did not knows about it. Bitcoin can affect a countries economy because it may cover all the aspects of the human society and economical system. It also reduces unemployment and also help people and country so that it can increases and raise up the state of the country and its systematical economy so that it make change .

Lot of people are talking about the economic effects of bitcoin, but they forget that the main impact will be at political level:
it the system really become decentralized, a lot of institutions will become obsolete; this change will start a revolution so big that nobody can really predict its consequences.

Talking about Economy and the traditional system yes it really affect because the economic system is centralized and control by few who owned the portfolio of the economy. those are big time capitalist who will control the economy and who the biggest pie of capital. In the introduction of block chain technology were even the small entrepreneur or individual can participate by investing crypto currency and given an equal opportunity to prosper,because there is no third party involved and offer anonymity. these would surely change how we look our economic system.

I totally agree that Bitcoin will ruin a country's development especially since transactions made in Bitcoin or any other crypto will not be taxed. Therefore govts will have less funds to use for their country's development and salary for officials.

Yeah i agree with you bitcoin can change the system of country's economy. When talking about cryptocurrencies i think bitcoin is one of the pillar.

Yes it will affect the economy of the countries that's why every country is trying to regulate.But in many countries there is no taxation for bitcoin and other cryotocurrency so it will reduce the revenue of the most countries.

Of course it will. Not just Bitcoin, all the cryptocurrencies will effect them. Especially the modern Gouverment who will allow and support cryptocurrenciews will have a very positiv effect on their economy system.

of course there will be many changes that can be felt in the economy of a country with the bitcoin for now especially for the economic level of the people who occupy a country. I am at least bitcoin can help in terms of economic problems facing a country. some examples that I can mention about the economic change of society within a country and one of which I think bitcoin has overcome the unemployment rate which has now become a very complicated problem faced by a country especially for a developing country.

The impact of Bitcoin affects the individual economies of its users and will inevitably affect the economy of every country. and I think the effect of Bitcoin is very positive on the economy of every country because it has contributed to the economy of its population.

I'm with you with this. We are going on a fast face with regards to currency and mostly everything is going to digital mode. And for sure our currency is part of that. That is why Bitcoin and other cryptocurrency is really the future of digital economy.

In order to make financial institutions and the government with its on debt based system obsolete, we need the average joes to cooperate when it comes to initiating a revolution. It's the mass that can make the real difference here, and as long as this mass keeps allowing the government to dictate their life and treat them as a cash cow by having them pay tax endlessly over the same amount of money, nothing will change. Great first step for people is to stop being so fiat centric. Another important step is that people should understand and appreciate how much financial freedom Bitcoin offers to the outside world. At this point in time, the extreme majority of the digital payments we conduct, and value we store in a digital manner, require approval of centralized entities being the banks, MasterCard, Visa, PayPal, Skrill, etc. We need to cut these greedy and obsolete services out entirely. Bitcoin allows you to do exactly that.

Yes Bitcoin can effect current economy system of country which has low GDP, Because if bitcoin price rises in future than it will effect on small countries. because Bitcoin CAP would more than GDP of nation. in that scenario will effect economy of any country.

perhaps for now bitcoin role hasn't been so maximized for an economic change in my country but at least bitcoin effect is very good for economy of its users although limited to individual users but i believe if the government supports bitcoin will certainly give a good effect for the country's economy to get better.

until now this has not been too the effect of using bitocoin. in indonesia bitcoin neutral. the goverment warning use about bitcoin because bitcoin for money laundering, drugs, terrorism, etc. bitcoin may be traded but bitcoin can not be a means of payment...

Totally correct, bitcoin and block chain offers services where we do not need third party, like we do in banking system. With that we would not have to pay some taxes fees, and we could save that money for something else.

It will take time before people fully understand what bitcoin is and how it benefits us all. That is all part of that revolution you guys speak of. Revolution begun when bitcoin joined this world, and it is up to all of us to support it if we want to see it survive. Some people (like people in those institutions that will become obsolete) will fight and will do almost anything to see bitcoin fails, because it is not in their interest to have something they can not control. As long as people support bitcoin and use it, it will survive and will continue its path of changing the world.

virtual currency such as Bitcoin could pose a risk to financial stability in the UK if adopted on a wide scale. This warning is presented in a report on potential economic issues, arising from the spread of digital currency.Bitcoin is essentially no risk because the scheme of its use is still small. But according to the Bank of England, it can change if Bitcoin grows significantly.
"The Bank continues to monitor the digital currency and the risks incurred.If some people make transactions exclusively using digital currency, then the ability of the Bank to influence the needs of this group can be disrupted

 I think bitcoin will make the current economy system crash, and will give a new economy system to the user. because bitcoin is a totally changed business from the current economy system, bitcoin provide very good facilities to users that can not before provided by the current system to the user; like easy transfer of the coin all over the world and high security of every user not special user only.

It already does. Bitcoin became the most popular currency in the world. Many countries need to decide right now what to do with Bitcoin - ban it or allow it. They have to find an optimal way to save their control to the economy. Bitcoin also helps to erase unemployment. I think it is good to the economy systems.

Economic systems are the means by which countries and governments distribute resources and trade goods and services. They are used to control the five factors of production, including: labor, capital, entrepreneurs, physical resources and information resources.

Here what does bitcoin effect? The backbone for every move here is money. If bitcoin is considered or used as a replacement of local currency into economy system, obviously everyone is going to be benefited. It has already prooved every business man and nomral bitcoin users. And this is the reason, a new crypto currency is created launching a new project and service almost everyday. Since new altcoins (crypto currencies) gain values reaching and benefiting every citizens of any countries, the respected coin value increases. The eco system itself would become strong and empowered with  many wealthy persons investing and trading the goods around. The motivation behind creating the crypto currency bitcoin, would have been to have growth in current economy.

Awesome! Thank you, I have gained more knowledge from you guys.

For now, I think it won't. Since we are still using the physical currency, and not to mention it is still relevant. Although we are already engaging in the digital method even before Bitcoin. But since Bitcoin is decentralized, the digital currency have gone through a revolutionary.

Many things have change instantly when the cryptocurrency popped out, and change the digital world in an immersive way. Even larger transactions are being processed, and on top of that, many people and businesses are currently being familiarized and accepts Bitcoin as their medium.

With all of that, still its not enough to aid the a county overall, we need to adapt it fully and utilized to its optimized potential in order for it to be of help to any country.

Yes I believe it will or it already has. The issue governments have with it is relative proof
that it is working it's magic. With it's decentralized structure and anonymity feature, it
garnered people's support thus raising concerns to governments who has no direct control
over it. But governments are surely noticing this and soon that interference and intervention
we all predicted will happen and that will determine the severity of bitcoin's effect. Anything
that involves money on a bigger scale of market will always affect the economy and with
the government as well.

I would say it's already happening, yes. Some people were looking for a new way to make deals, and then Bitcoin attended to their needs, with its features. Then, more people started having interest on it, increasing the demand, consequently increasing the price, turning Bitcoin into a very profitable investment, boosted by the fact more developers created their own projects based on Bitcoin's technology.

It generated a big impact on individual's economies at first point (not the country). But what is the country than a lot of individuals? If the citizen's economy is doing well, the country's economy is doing well. But for some reason the governments aren't happy... Maybe because now they occupy a secondary role in the history? Maybe because when the individual becomes stronger, the statal machine loses power?

So surely many governments will try to stop Bitcoin or decrease its strength. The Crypto's enthusiasts just need to be prepared to make their wishes be heared when the time comes...

I dont beleave that bitcoin will change payment sistem. But USDT or others alternatives of real money may be will change it

It probably will, but governments are still reluctant to give it a go. And who is willing to challenge lawless government regulators? They will oppose everything that reduces their power. The political risks of resistance can outweigh the potential rewards.

Yes it would affect the country's economy in two ways.First it would help improve the standard of living of more people.By this way,it would lead to economic progress of the country.

Other way more people who are tax evaders would easily use bitcoin for such purpose.

to be honest op, i really do not think that a lot of people nowadays are using bitcoins as a cashless method to buy things. most of the people who have bitcoins only use this currency as a form of asset. an investment and an investment tool to be used to make investment in other coins or tokens out there that are currently present.

so now, will bitcoins and crypto currencies really affect any country's economy?
well, i absolutely think it will. in fact, it already does. although it isn't that big yet for us to notice it easier, it really is affecting our economies. this is because a lot of people are using bitcoins already, and some of these people are already having thousands if not millions of profits. this is why i think crypto currencies really do affect our economies.

As of now that not all are familiar with bitcoin it has less effect to the economy system, but from time to time when people are familiar with bitcoin and each family members patronize the bitcoin currency then it will effect the economy of certain country.

I will agree thag bitcoin has effects to the economy system of each user's country. In a way that when people gets the opportunity to earn through bitcoin, even with a job or without a job, then people will have the chance to have something to spend in the real world and the economy will rise because of that.

Yes of course, Bitcoin has both positive and negative effect on an economy just like money supply has effect on the economy of a country so also is Bitcoin on the economy. In a situation where there is a ban by the government it will affect investors and ita existence will go a long way in improving the economic activities of such countries.

It will affect the current economy system of our world but it will change for the better for sure because bitcoin will give chance to the people to have a great system which they can use to transfer money or do some transaction with a lower fee but a faster process and it will also give the different countries the chance to make an investment with an expectation of big returns.

If I think about it, you have just pointed out something that is very important to understand for everyone. I haven't even been thinking in that way, and now I do, it just shows how much we depend on these financial services, and that it will only get worse with how digital the world becomes day by day. I however don't know whether or not we'll be able to stop this process, because people don't seem to realize how much of a serious problem this is. People are happy as long as they have the convenience and usability of these financial services working for them, and everything that happens outside their regular usage won't interest them. In other words, people don't see the problem.

Bitcoin would absolutely has a effect to the current economy system, there will be a good effects than bad effects like people who doesn't have any source of income at all can be given a chanve to have one by that it can reduce unemployed people in a country. While the bad effect is governments starting to ban bitcoin that will reduce bitcoins price as well.

For those country that already legalized bitcoin maybe but not that much while in terms of global economic growth i don't think so because i heard on tv that no central bank accept bitcoin right now in currency exchange.

Bitcoin always effect in the economy , there are bad and good effect . The bad is BITCOIN is not taxable means government can`t produce tax
for the development of the country , if government accepting bitcoin and got a taxes to all the user of it . The country's financial resources can further enhance for the brighter generation . For me i take a good effect but i dont know what is good effect for the economy . Maybe good if government accepting bitcoin as partner for all the transaction online .

I ask first, what kind of economic system do you mean? Because the economic system around the world is very diverse and consists of various aspects. There are investments, there are buying and selling activities, there is international trade, there are export and import, and so on. Or maybe you're talking about the world of stocks and trading? However, Bitcoin certainly will influence the economy from one side. Bitcoin and cryptocurrency are the latest solutions and innovations for the world economy. Especially for the poor and the simple living, it is very important for them to open the chance to have a better life.

It definitely will, of course cash won't be erased from out society, but a lot of fiat has been converted to cryptocurrencies so far and we can expect the tendency to at the very least remain stable. It'll ultimately be up to every country to gather income taxes from the cryptocurrency investors. It'll be up to the banks to help their clients invest in the cryptocurrency world rather than go against it, cashing in profits on the brokerage.

We're seeing index funds looking at cryptocurrencies, hedge funds also, on top of the futures of bitcoin, the cryptocurrency world ,while still in its infancy state, is definitely going to bring humanity through great changes of economics in most of the countries in the world.

Bitcoin is already decentralized, everyone can make use of it. Any country that’s not making use of Bitcoin, then it is their government that is preventing them from making use of it, maybe because they believe it is very bad for the economy of their country. So Bitcoin is fully decentralized.

Certainly it will effect the economy and it will do it in a positive way. However many countries are afraid of it, and it does not let BTC improving their lives.

Use bitcoin for cash trade is not profitable. High transaction cost prevents this. A lot of coins now also have high fees miners. Bitcoin now used by most users for storage and movement of their savings. Therefore, the effect of bitcoin on the economy is minimal. Maybe in the future, poor countries can attract investment from bitcoin. But for the economy important the efficiency of investment.

BTC and crypto in general will have a significant impact on the current financial and economy system.

Many intermediaries will be cut off, like banks, agents and people will be able to control their own finance without these middlemen.

Of course there will still be people who wants to store their cash in the bank but this will get eroded as time goes by.

The entire economy will be run by crypto currencies as well as smart contract in the future

It seems to me that in the first place Bitcoin will affect the economy in the event that the bankrupt of all those people who invested in Bitcoin money. Then there will be a huge failure for many business ideas and personal ambitions.

An accumulation of cash coin by many hoarders can decrease the circulation of financial exchange in one country that also affect economically, what more if those are millions of dollar transaction that is spent after a profit in bitcoin in a country of destination then the answer is, Yes. It affect in positive and negative way but until now no study on how big the range of effectiveness there is.

But those thinking of yours didnt happen as we see on the current state as of now. It might give some minimal impacts which is normal but stating on the thing you do said which wont really happen after all.
People are holding bitcoin most of the time which i do believe that most of us do see this thing as an asset and spending or make it circulate would really be lesser.

Regarding on the range of effectiveness then theres no really study on that. Accumulation would really exist on both sides which isnt really surprising.

There are three kind of things concerning the bitcoin's effect on the economy system. The first one is based on banning bitcoin because people are depending on it, thus a threat arises. For example, China has banned bitcoin. And we all know that China is overpopulated, thus the use of bitcoin is so high.

The second one is bitcoin affecting the economy system, but getting benefits in return. Some countries like Japan have recognized bitcoin but regulated. That means they take their share. And I think this is the best solution by far because it feeds both the government's and people's needs.

The third one is based on bitcoin affecting the economy system, but the government is still quiet about it because they cannot provide jobs for the unemployed. So they allow them to do what they want as long as they do not complain.

yes Bitcoin gave so much effect/impact to our economy.

such as :

1.they use Bitcoin to pay for cars foods and some other things.
2.investors prefer to invest on cryptocurrency than in a banks.
3.hot issue on some country because they say "bitcoin is a Money laundering"
and "bitcoin is a bubble" .

not only bitcoin give effect/impact to our country but altcoins too !

Bitcoin affects the economic system very well specially in the third world countries. Bitcoin helps unbanked people to survive and fulfill their needs. It helps unemployed people to find source of income. A lot of things that bitcoin affects our economy even in individual or national growth.

it surely effect the economy system. We know that every day the user of bitcoin is increase, event they use bitcoin as the main job to get extra income. They believe that bitcoin will give much advantages to change their economy. Automatically, when the users of bitcoin always increase, it will much effects to the economical side. 

of course, today many people know and use bitcoin. It means that the user of bitcoin so many. Automatically, they who use bitcoin will be better in financial side because they believe that bitcoin guaranty their life. When it happens, the government will get low of tax, since bitcoin is free tax.

Of course it will take a significant impact to each of country all over the world. Because as far as you know that although bitcoin is going more viral nowadays, there are almost many people don’t know what bitcoin is and some don’t believe in this market due to it digital. Maybe people will spend much of their time investing bitcoin and then this world become overloaded. We will depend a lot in bitcoin. These day, in some countries, they accepted bitcoin for purchase such as coffee, T-shirt, books and the like, but it’s not too much more popular.

I think cryptocurrency will be a new cashless method neither just bitcoin. Because in fact bitcoin is used more as a trading asset than used as a cashless method. Does it affect a country's economy? it's depend  on  the policy of the country to allow cryptocurrency to be used in financial transactions that used by its citizens

Bitcoin, as well as cryptocurrencies, affect the economy of the country is undeniable. It is because of this fear that national governments have banned the Bitcoin trade in their country for fear Bitcoin will affect the country's economy and currency. In the future, when transactions are made mainly on the Internet, Bitcoin will ultimately replace the paper money.

I think that bitcoin will affect much more traditional power institutions (banks, governments) than economy.
Bitcoin is just a medium of exchange, but if authorities can't control it, they will lose their power.
If bitcoin will win, you can bet that we'll live in a very different society.

I do not know about that, they may be eager to start a war against bitcoin but they must know it is a war they cannot win, so they are going to try to do their second best option which is to limit bitcoin and its usage around the world, but that is not going to work either, everyday that passes the economic system show greater vulnerability and when it finally collapses bitcoin will be there to help the people escape the tyranny of their governments.

I don't know if bitcoin effect the economy system, may be yes for the country who legalize bitcoin but bitcoin can't give effect for the country who not accept bitcoin. I just know if bitcoin give big impact for bitcoin users to improve their financial problem and make their lives easier especially in transactions.

Cryptocurrencies like bitcoin are called the disruptive economic innovations that has the potential to change the current economic structure. It can also change how the banks and financial institutions operates in the near future. The bitcoin transactions, for example, has created the possibility of big transformation in the banking industry around the world.
Bitcoin has also open the gate for a new kind of market where government have no control unlike the present fiat market. Some illegal activities like money laundering will be hard to detect if they use bitcoin to get the money out of the country. The use of bitcoin will surely affect the economy in the long run and some government are now taking steps on finding a solution to these problems.

Basically when the money is moving out from regular traditional investments into crypto currency, then obviously we can expect some big impact in to a country's economy system. Probably already happening with many countries as we can witness huge money inflow into crypto currencies which are supposed to be into their share markets, gold and real estate investments.

But from one country's perspective, they cannot do any big regulations regarding this because it is basic public preferences like they can risk their money wherever they are preferring to. Still, government may come forward to impose many regulations against crypto currencies but we can expect public alone will be winning at the end because a country is nothing but its population.

When some society of one country is improved, that definitely impart some effect on main country’s economy. If the living standard of people is getting high so they may be giving more taxes and ultimately empowering the stance of economics of that country. Bitcoins are helping people from a long time and that is ultimately affecting the living standards of people and financial status of economy.

Bitcoin effect the current economy system if the digital currency will become regulated and the government will make a law to used  and accept the bitcoin as an alternate of the traditional currency.this system will only affect if your own country allows bitcoin to operate without  a barrier in making a trading investment  in the exchanges market,and by this aggrement  theres possibility that it will be implemented the economy system.

I think, in some ways bitcoin affects the economy system of a certain country. Although, there is no precise specification as to where and how it affects the economy. Still, when something involves money, it means that it somehow affects the economy. Particularly, bitcoin who has many users within a single country. This is why it affects, for me.

Anyway, bitcoin and other crypto-currencies have already attracted huge attention from countries. In the future, some countries will prohibit, some regulate and some will implement. For this reason, Therefore, I believe that bitcoin will change the system of the economy.

The countries economy depends on how people adopt on the new method or services that this generation to offer. Like what you said there are different ways the country did to control cryptocurrency in their nation. Bitcoin slowly changes the way the economy moves and in the future the effect of cryptocurrency will be known from all corners of the world.

Yeah after some year will see bitcoin at the top of all currency, it is common currency now as many people know bitcoin, bitcoin has become saving for people as rich people are now using bitcoin and saving it for future, now government is allowing tax for bitcoin users. Price of bitcoin will be affected at the economical state such as taxing and using bitcoin to buy all those goods which are related to the economy of country.

For that it would be necessary that one day it becomes stable ..

Yes i agree on that it really depend on tge people on how they welcome bitcoin as thier new asset of gaining  and i believe that bitcoin can really brought changes in many ways because it really motivate everyone to become more productive and tje economy well really rise because the people will slowly become motivated.

It would definitely have an impact on economy. If everybody who invests or into bitcoin will succeed in it then it would mean more money for them. More money would mean stronger buying power and would definitely give a boost to economy.

Earlier all the monetary transactions were enabled through central banks (directly or indirectly). Now, with the evolution of Bitcoins, the scenario has changed. The power that was vested in the governments and central banks is shifting to the masses. This revolutionary change in transaction handling has the power to change the economic structure. To bring security and enable scrutiny, central banks and financial institutions maintain a record of all the transactions undertaken by the people. Now with digital currencies, this economic power can be challenged by people. This has led to the creation of a new autonomous body which can facilitate transactions.

Bitcoin can change the current economic system. We can now use bitcoins to pay bills and also to buy products and services. There is a possibility that most of the people in our society will use bitcoins.

I agree, which make sense that it would give a great effect to our current economy. As I lived in this country that the crypto currency was recognized by our government I would say yes, it can give big help to each and everyone here in bitcoin community. I already met those people change their way of living due to the crypto currency as they become rich just an instant for just short period of time. Lastly, as we have enough patience to wait by holding our tokens definitely, soon in the future it may change our way of living as we believe that token have a great potential in the future which make cause good impact to our current economy system.

Yes it can affects to currency  if you have crypto your money or curreny will become too small for you because cryptocurrency is more good than currency but you should need currency to buy some foods and others so i think it can help a lot to all people .

Bitcoin will definitely affect the economy of the system because bitcoin is not taxable it's tax-free, so based on the transaction done by the bitcoin users it will affect the economy. As the economy is dependent on the taxation, it would affect.

The effect of bitcoin over the economy will keep increasing as adoption grows, imagine what it is going to happen when a significant amount of people begin to see that investing in bonds does not give them benefits while those that invest in bitcoin and altcoins are earning a fortune, a lot of money is going to be invested and most of that money is never going to go back to the fiat market since people will understand that it is better to hold bitcoin that goes up in value in the long term than to hold fiat that losses purchasing power every day.

Of course it does, there’s no doubt that bitcoin was able to make a ripple in our economic functioning as a country. However, it is still not big enough to completely make a dent of what it can do to our country as major countries have been shutting it off due to its fear in how it can get volatile and might cause some heavy influx and implosion on its normal setting.

In the reality, bitcoin doesn't have some effect on the current economy system because bitcoin is still on the progress for really getting adopted in a country and since bitcoin is not yet fully accepted in some countries, the effect of bitcoin is not yet felt and the idea of thinking that it has some effect is just an illusion.

It will indeed affect each and everyone's country since it's a good source of income that is not coming from the government.

The fame of bitcoin driven the bankers and regulators to raise their eyebrows. They have been negative about it as they say it will trigger money laundering. When it comes also to investing according to Central banks in other countries it has high risks. So bitcoin has really an effect on the current economy system; Banks were disturbed of the strong in of bitcoin in the cryptocurrency market, there's been lots of speculations like high cost of investing in the stock market compared to bitcoin purchase transactions, and another is  the birth of cryptocurrency market which is decentralized.

Do you think,  Japan would consider paying bitcoins as a means of salary for their employees if it doesn't known in their country? As we can see it was obviously has an affect in their economy not in a form of growth but rather as a form of change and adaption.

Bitcoin cannot have an effect on the current economy system because the number of the people that are in the cryptocurrency like bitcoin is not yet wide or huge so the economy will not get affected and i think that it is possible for economy to get affected if the bitcoin got a lot of users from almost all the major countries.

It already had it, for some it was functional, for others it was not, for other countries it became a guide to shape its own cryptocurrencies, in general, although they do not want to recognize it, bitcoin has offered great benefits to people.

Yes. This works especially on jobless members that only have bitcoin as a source of their income. So meaning there would be less jobless people in the community because they can sustain their needs with the help of bitcoin.

Of course, the impact of bitcoin within the economy would cause long-term people to maintain greater control of their investments, their money, especially for those actors who have the bitcoin platform as the main contribution of their monthly salary for the maintenance of the home.

Bitcoin was introduced as public currency and it is still working on the same objective. There are numerous examples where bitcoin has changed the life styles of the investors entirely. People have established their own businesses with the help of profit they had made with bitcoin. Others have achieved their dreams such traveling around the world and all that jazz.

On the whole bitcoin is helping people to live a better life and this is why people are appreciating this currency. Bitcoin is helping states in flourishing.

Bitcoin is and it will continue to effect the current economy system. It is because of the reason that the economy of any country relies greatly on the earnings which the people living in that particular country make. Once more people will be there in to this, it will help them to make more money which in turn will result in the betterment of the economy of that particular country. This way helping the society too.

I just hope at that point to have enough bitcoin to be able to move out to a country adopting bitcoin in the case the country where I reside decides to ban it, because I have the strong suspicion that bitcoin is really going to change the way we understand money, even now many are not sure that is going to happen but it will, it is just a matter of time.

even other coins effect the economy system of each country but bitcoin is the one of the most or huge contributed in cashless/digital currencies on each country  so it make a big impact to the comunity who use a digital currencies wich bitcoin or many coins it can affect all the business even the government who manage and use it so it can be the one that can grow a economy.

Bitcoin is currently affecting world's economy system. That's why some country doesn't accept bitcoin or not recognize it, and some country banning it like China because they won't be able to control bitcoin and will affect their economy. So therefore we can all agree that it have effect on current economy system.

Bitcoin is very helpful to my economy and also greatly affect other people, because bitcoin is carrying a positive effect and can reduce unemployment and poverty in each country.

Exactly, well bitcoin is not totally help the economy of the country but it is contributed to the individual who used bitcoin,
people who are engaging bitcoin and those have a huge profit and in that way its help financial problem to the people, or even those unemployed people mostly housewives can make their own money while they are at home and it will help the economy growth of the country.

Anything that involves value, payment, services, prices and exchange, affects the system of the economy. The economy is like an avenue, that each marketing components are flowing on it. Since bitcoin is considered as both currency and investment, it actually flows with the system of economy. Anything that flows in that market system affects the economy.

Yes i think bitcoin affect the current economy because many people now in my country didnt finish thier study and hard to find a job, they make a way to bitcoin and get profit to sustain thier needs, and now they can stand by itself and free from financial problem and i think its affect the economy of one country.

Why not? it may happen but it would take our sole efforts too to spread awareness about btcs in the world

I dont think btcs will affect economy only if the people posses a negative or boycott of btcs

Never will the btcs change the economical condition of world.

The use of a digital currency for investment purposes is quite new to the scene, and so it revolutionized the investment and the market. This I think are the reasons as to why bitcoin might have impacted the tides of the world economy just by existing. As we all know, bitcoin investment is now one of the most famous and widely used investments in the market. I think bitcoin has a chance or has a potential to change the current state of the world economy.

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If btc help to earn more then the community will have a good earnings that will help the economy  because it will help to minimize  the problem of the nation because btc provide an online job

Will I don't know if bitcoin has a effect in our currrent economy. As far as I know bitcoin is not known in our country. Only few people know bitcoin because they say bitcoin is a scam. They say it because of the ads in facebook. Using the name of bitcoin to scam people.

The continuous spread of bitcoin and other digital currencies may helps to gain more supporters and may adopt these. It is not just easy to change to the entire currency system cause we knew there are still a lot of people won't believe in this and still  many countries are not taking steps for crypto. Though it will affect us but it won't directly change fiat system.

The introduction of a revolutionary product in tge market is a start of bitcoin altering the current face of investment and potentially the economy of the whole world. With bitcoin's success in tge investment world and tge potential stabilization of its value, it's hard to tell that bitcoin might not make it to revolutionizing the world of currency.

It has no doubt that cashless economy is the future. As Market cap of Cryptocurrency has increased a lot in last few months and expected to inc more in future, it will surely be the unignorable part of the economy. Growing popularity of Bitcoin among youth may drive a country economy on crypto in upcoming years.

It can somehow affect the community but not on a direct manner because people were the ones who are directly being affected on it for the reason that they are the one who have been using it for their own sakes. Also, economy of a country will only be affected if and only if people will be using it for the sake of the economy which the effect will also be depending upon usage of the people because the effect can either be a bad or a good one.

Its already affecting the current economic system don't you know that?

Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate. Bitcoin is the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. it will affect the economy

Not just online work but you can also do jobs offline by the courtesy of bitcoin. There are many people who are monitoring their businesses that they had started by the help of bitcoin. Bitcoin has provided us with awfully countless instances of those who have become stable financially after investing into bitcoin. Bitcoin has been always helping community in improving their financial conditions for a better life and future.

I would agree with you. I've read an article lately and its about the Banks would use the cryptocurrency now, meaning they would accept it. And it was also mentioned that by this the economy of the country would expect an increase.

Here's the link: Central banks could hold bitcoin and ether for the first time in 2018, cryptocurrency CEO says (https://www.cnbc.com/2017/12/18/central-banks-will-hold-bitcoin-and-ether-in-2018-blockchain-ceo.html)

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It is indeed a potential, but have already been a revolutionary innovation. The government wanted to take control of it so bad that many countries ban it or regulate it. But in a way, the regulation thing is not bad either.

I think btcs are the most challenging factor for the already prevailing fiat economy. it has to be something special to beat the fiats

Yes for me in a positive dimension. Bitcoin is the the starting point of all these. A benchmark for what is happening right now. Because of bitcoin, blockchain was now very popular and there is a huge acceptance even by countries that they will use the technology to support the current government transactions.

Due to the intense increase in the number of bitcoin users, I think that it will affect the economy in some way. Bitcoin are like stocks in the market. Some people uses bitcoin as their primary source of income. They invest to have large profits. People quits their jobs to engage their full time in bitcoin. So, like stocks, it has the capacity to influence the economy.

the role of bitcoin is currently quite influential on the development of the country's economy, although that way, sometimes there are countries that do not approve of the bitcoin exists.

Yes it does have an impact but cannot fully affect. It can only affect at unemployment rate of a country because bitcoin can serve as job of unemployed person. Bitcoin can change the economic status of individiual just like me, before I couldn't even buy the things I want but now I can able to buy all of that and most important is I could able to help my parent from our necessity. Therefore, this cyptocoin has a big impact not only on econony but also in life of individuals.

bitcoin also help my economy, I can get earn from inveating bitcoin.

In my opinion, yes, there will be a positive effect in a country's economy when BTC have been fully developed and widely accepted by merchants. The steadfast growth and popularity of crypto with today's generation will make BTC, the pioneer in crypto currencies, a digital gold that can be utilized in infinite possibilities. Transactions will be immediate and with minimal charges.

At present, Bitcoin has considered a currency with high volatility compared to other currencies. In my country market demand is not enough to meet the development demand of Bitcoin so there may be Affecting the economy if Bitcoin is present.

Bitcoin is no doubt very much helpful for all of us and that especially for the ones who are there in the world of bitcoin and are investing their money into it. Bitcoin can be very much helpful in making the economic system of any country much better but that depends on the attitude of the government towards crypto currencies. If they are willing to take positive steps, then things can work in a better way.

I think you had in mind the very technology Blockade on which bitcoin is based. Since bitcoin is only a store of value that can increase depending on the speculation in the market. The technology itself blockchain, in full can affect the economy.

It will and that's gonna be a huge change. Since bitcoin became popular the changes occurred in so many ways. Not only economic but also with the state & government exchange. Since the technology is helping a lot with the progress and success of bitcoin, it is rising in the most positive way people would want it to be and I think it's pretty nice.

for bitcoin users it is evident that bitcoin has affected their lives and have a better life as their economy improves for the better so that it can be said if their economy increases then it will also affect the country's economic system

Yes very. It has a effect in our economy. Imagine the unemployment people seeing the opportunity to earn thru Bitcoin. Doing it as a homebase job. Earning while at home.

People who sees Bitcoin as opportunity, extra income, investment and etc. 

Of course yes, because so many make bitcoin as the main job to fulfill the necessities of life for example, who usually do not have a job, thanks to bitcoin they have income and this is also my opinion helping improving the economy of a country.

Bitcoin have a big effect in each country’s economy. Bitcoin can be converted to actual money so members have more buying capacity. Tye buying capacity of people have great effect in the growth of every economy.

The country economy is  measured in the GDP gross domestic product in which many of your product sold out side and many dollars coming in the economy of that country will grow, and the buying power of their  currency became stronger, now in the introduction of crypto currency if many of  your citizens have bitcoin in their portfolio people will buy  because they have money and the and it will  generate jobs.

Yes it will affect the balance of the financial system. And have risks such as volatility, arbitrage that will create bubble burst.

Yes I think Bitcoin can and will greatly affect the country’s economy if it will resolve the unemployment status of some citizens, if they are able to give them the satisfaction they need; for instance wage that they could earn through bitcoin or even through trading. If it can put up a job for these unemployed citizens then they’d be able to resolve a portion of one’s economy status.

I think virtual currencies are now positively impacting the inflation of a country, as few people rely on virtual investments, therefore bitcoin is really very influential in some countries

yups after 8 years in circulation,cryptocurrency is almost level stock exchange now,actually this community is being compared with stocks and real states so there's no doubt that bitcoin has a big effect in economy .imagine almost trillion dollars have been invested here,just happen it come lower this days because of some issues but it wont take a long that we will reach that trillion dollar investment

I think bitcoin will certainly affect the economy in every country, because the amount of bitcoin price is not small, but many. so we have to believe that bitcoin can affect the economy

Of course it will really affect the economy of the system because most of the governments today are getting budget on taxes from banks and if people will stop placing their money on banks then government would not get any funds for their other infrastructure fee's.

I guess bitcoin has an impact to the economy of a country in terms of reducing the unemployment rate of the particular country. Cryptocurrency can serve as job for unemployed person and to sustain their necessity. By this doing it will lessen the populatio who rely on government since they have now a source of income.

They must find the optimal way to save their control over the economy. Bitcoin also helps remove unemployment. I think it's good for the economic system. Bitcoin became the most popular currency in the world. Many countries need to decide now what to do with Bitcoin forbidding or allowing it

In some ways it can, there are some countries that embrace  and adapt cryptocurrency in their businesses. So, if the current market situation is not good same goes with some of their businesses which will also have an impact on the country's economy. However, we should take note that this is only temporary, crypto will recover soon.

I think bitcoin has an impact on the economy today. Many countries around the world accept bitcoin and people use bitcoin in a common way. This helps the bitcoin grow and the economies of the developing world grow. Just having internet is everyone can connect and use bitcoin in the cryptocurrency market.

I think it is, and I have heard that most of the bank today will acquire Bitcoin saving and transaction withhe involvement of the latter currency, I gurss this is good to our economy cause the connection between different and further entities has been coneected directly to each orher and the faster the process of the business the better for the country . They say banks will allow the people to save Bitcoins to them as well as they medium of payment is going to be consider.

Yes that is right that bitcoin has the ability to effect the financial and economic system of the world but i think not so soon, because bitcoin is still in its very early stage and still majority of people do not use bitcoin, therefore i do not think that bitcoin will currently bring such a big chance in the economic system of the world, but as the bitcoin users are continuously increasing therefore we are expecting that bitcoin will surely bring a big change in the economic system of the world.

Yes, it is quite possible for Bitcoin to affect the economy of a country.. If and when money from the country is being converted on a high volume into the Cryptocurrency market, it will tell on the economy.

Yes, it is quite possible for Bitcoin to affect the economy of a country.. If and when money from the country is being converted on a high volume into the Cryptocurrency market, it will tell on the economy.

Bitcoin and Altcoin have started to affect the economy in some countries, such as Japan and the Emirate Arab from some of the media I hear,
the younger generation as the successors of the countries that have already benefited from Bitcoin will definitely continue to strive for Bitcoin, and will definitely change the economic system in the future...

Right bitcoin is reducing the poverty and the unemployment form our community, so bitcoin is really making things better now, for me bitcoin is the best currency which will never get any harm for the loss of user, bitcoin is solving a lot of problem and bitcoin is giving us the reward as well, as should invest in bitcoin and hold our bitcoin we can earn high amount of money which is the best step taken by the investors who use to invest on right time, bitcoin is an amazing currency which is full of benefits only for all people who have no other source of income.

yes it certainly affects bitcoin in a country like japan. because Japan is already allowing if the virtual currency is used as a legitimate currency and has been in daily use by the community. so the bitcoin affects the economy of a country

Ultimately yes, it will affect the economy of country. How? Simple and easy reason here. For better understanding, just make a chain. Just think, if a person uses this blockhead technology, means crypto currencies, they will be making money. With this money, they will be managing the whole life scenario. Ultimately the society gets an impressive positive impact, hence economy of the country will be healthier.

Why not you look at the other side of the picture, the brighter one? If people are converting their money into digital currencies, they are also cashing their virtual currencies out in order to meet their needs. When they are investing 1000 dollars but collecting 2000 dollars is the amount they are getting as a reward for trusting the crypto market. Don’t you think this way they are going to make country strong.

It is already affecting every country’s economy. Especially the technology on which Bitcoin is working known as blockchain technology, is affecting every economic sector. It is evident from the point that China has banned Bitcoin as it was affecting its economy and governance. Now India too has come up with a step to ban banks from getting involved in transactions related to btc which clearly means they thought of a negative impact on their system too. Evasion of taxes and money laundering are just a few demerits that btc could pose on the current economic system.

It will surely affect the countries' economy. many governments have already understood that there is no need to ban Bitcoin. The best way for them is to tax BTC. Thus, they are going to improve their economy doing it.

There are many affects of Bitcoin in the different perspective of countries.It generally based on states actors.By the way,I think that the all affects are positive which are related to the economy.I also think that those are positive for a country and it is needed for a country and also blessing for people.For this,many country is developing in the sections of industrialization and technical issues.

If you ask me then I would say yes it is affecting the current economic system and government is trying to get rid of bitcoin and blockchain tech.
Obviously, they don't want a decentralized platform where don't have control of the money and hard to collect the tax. Imagine if everything goes decentralized.

Yes it does, most of the countries economy today are relying to the banks and people are more interested on cryptocurrency more than placing their money on banks and that is the reason why cryptocurrency is banned on other countries.

Bitcoin can affect positively the economy of some countries, because it is already helping so many unemployed and jobless people and as a result it is reducing the poverty in this countries and improving the economy. There are actually thousands of people working full time with Bitcoin in many ways, by trading and holding, and doing jobs for BTC..

We can say that it is already affecting it, goverments of all countries are already concerned of it's phenomena.

Yes it is, and actually Bitcoin was being accepted in different entities in which people were always be involve like market, stores and even banks as they say, and I think the capability of the Bitcoin really applied nowadays for it to be really successful, since people nowadays were being aware what is Bitcoin thats why investors acquire this currency to keep profiting.

I do not think that cryptocurrencies have too much specific weight in the world economy at this time to generate a significant change in current financial policies. However, it is beginning to attract the attention of the world's financial institutions, so the possibility of flexible regulation in this field would be the first step towards greater adoption and influence of bitcoin in the economy, although the great technological gap between rich and poor also seems an important impediment to the massive expansion of bitcoin.

Using a cashless method wont affect the economy of a country, only around 3% maybe since it does affect on;y the mode of payment, but when we say Bitcoin in society has a greater impact on a country's economy, why and how? Since people earn from BTC, cash out some and purchase it on a store, it creates indirect effect on someones income when you use your money from BTC if you cant use BTC itself to buy a sack of rice just for example, when you buy rice you help the store to have gain that day and during that day you pay tax that was impose to that rice and it will go to government fund, same cycle may happen in different cases but the main point is that BTC has impact on our scoiety whether some people denied it.

Bitcoin can impacts one economic system specifically when they supported by using technology. Many humans are now the use of bitcoin and by using this they can without problems get some profit to use for their each day wants but the authorities have to aid its people, creates gadget to in the end train people with the proper facts and by using this the economy of a u . s . will boom for sure. As human beings do have earning a massive impact to the economic system due to the fact they can now purchase all the commodities they need in their day by day lives, poverty lessen and unemployed people are given a risk to make cash by using doing bitcoin.

If bitcoin have regulation, I am believe bitcoin can give bigger effect on economy. Right now, bitcoin doesnt have any regulation and many country ban bitcoin for payment and that make bitcoin can not give effect on real economy activity. But as investment, bitcoin can give government tax from bitcoin trade