Bitcoin

[Md Saad]

Do you think Bitcoin will help to increase GDP of a country if it is legalled???

[1713584488]

1713584488

[1713584488]

1713584488

[1713584488]

1713584488

[Bitcoinpro]

Look at Australia we have a AAA credit rating

[al0729]

sorry noob question here whats GDP?

[OmegaStarScream]

sorry noob question here whats GDP?

The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy. - from investopedia

Unless there is a law that prevents us from using bitcoin ,then It should be considered as legal already and for the moment I don't see how Its helping to increase GDP of a coutry.

[laiducnam]

Do you think Bitcoin will help to increase GDP of a country if it is legalled???

I've heard of Bitcoin, but I do not know how to earn it
I find it really difficult

[topesis]

Look at Australia we have a AAA credit rating

Is Bitcoin legal tender in Australia? I know project like Incent and Chronobank with on going ICO are both based in Australia .  

[Velkro]

sorry noob question here whats GDP?

The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy.

No bitcoin won't rise GDP up. But why it should? I mean, why bother, if bitcoin will be adopted in bigger manner, used more, it will be calculated in automatically

[Sithara007]

Yes. But at the current exchange rates, the effect will be very small. If a small island nation legalizes Bitcoin, then it can expect a few hundred millions of USD in tax revenue every year, and hundreds of new jobs.

[coynedterm]

Do you think Bitcoin will help to increase GDP of a country if it is legalled???

Actually meaning of GDP is not only the progress of country but it also involves the progress of  country's people also .
So if people will involved into the Bitcoin then they will make a better amount of money that will surely contribute to increase the GDP of country .

[Md Saad]

So, it is a beneficial I think

[dothebeats]

So, it is a beneficial I think

Beneficial for the people of that particular country however for the country per se I don't think that it (bitcoin) will affect much for the GDP and the economy. I cannot even see the slightest reason why bitcoin would help in a country's economy knowing that most countries in the first place despise of it and put regulations on it and not treat it as a legal tender.

[ethereumhunter]

Do you think Bitcoin will help to increase GDP of a country if it is legalled???

Actually meaning of GDP is not only the progress of country but it also involves the progress of  country's people also .
So if people will involved into the Bitcoin then they will make a better amount of money that will surely contribute to increase the GDP of country .

yes but its depend on the people which using bitcoin itself and many factor. because bitcoin is support by internet connection then if the country has good internet that spread in one country and many transaction not just in buying and selling from exchanges but in the real life from the country then i think the GDP will be increase too.