since bitcoin is popularized, of course many users have improved financially for the economy, although not everyone can now take advantage of it, but I think almost all users can benefit from bitcoin because of the knowledge factor even a few of those who have success from business bitcoin.
with the fact that we know that bitcoin is capable of improving individual economic users.
Do you think bitcoin can contribute to the economies of a country that is down?
and by what methods to maximize bitcoin function so as to improve the country's economy?
is legality and adoption needed to facilitate bitcoin performance?
share your opinion, thank.
bitcoin has proven that it can boost the economic status of a country by offering services paid in btc even to those who are not holding a degree, it has contributed boost in terms of livelihood and can replace day jobs. it offers opportunity to individuals to participate in traiding and e-commerce.
to maximize the full potential of bitcoin, a country should fully embrace the use of bitcoin, maybe some laws to regulate bitcoin transaction to make their people safe from scams and not use bitcoin for illegal activities, im not saying they should control bitcoin but make it more safer by monitoring illegal transactions or maybe putting up a department to monitor bitcoin transactions and not the users.
somehow legalizing bitcoin is needed to create more investors and erase the doubts about bitcoin being legit or truly functional. if legalized, more people will buy, resulting to high demands of bitcoin, then it will create traffic and bitcoin trading will get a better boost in the market.