Can bitcoin improve the economy of a country?

[z38630610]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Bitcoin has many benefits for if people know how to use bitcoin. As people use, governments may improve countries economy in some way. Think about common bitconer earns or loses with bitcoin. It is the same in country economy. Governments also earn or lose with bitcoin investment. Therefore I believe your decision.

[1715650741]

1715650741

[akablackhat]

Bitcoin can still affect the world economy even if it does not become a currency that everyone uses or understands.

[Lucas*]

bitcoin can't improve the economy of a country ,we talk about a coin here in a cercle of chain . we can talk about Blockchain who can improve the economy of a country when it will ne used un banking ans transactions .. With their coins like Bitcoin, Ethereum and litecoin and their High value they can increase the economy and change the future of banking .

[Gheka]

Definitely yes, bitcoin can improved the economy of the country because people using bitcoin can developed there way of living. Also, to those people having already money due to the bitcoin will provide some business in the society and to help the different charity.

The way bitcoin is helping so many people to earn such a huge amount of money and that too in such a short period of time, I think bitcoin is already contributing a lot in making the economic condition of not only the people better but also the country and the world as well.

Bitcoin is the best thing and it can play a very vital role in making the economic condition better, we only need to believe in bitcoin.

That is right, bitcoin is a big help of increasing the financial status and capability of every individual who are earning on it and as far as i know that there are so many people now working for bitcoin because of its precious value that can be earned over a short span of time, and as that simple reason alone
we can realized that if there are many people getting rich by means of bitcoins then the place or the society where they have lived can be also improve
because there are more money circulated in buying and selling so there is fast tax circulation then in that way the government can benefits.

Well, bitcoin is bringing a great source of income to many people and helping their finances develop a better way than ever before but we should remember that bitcoin improves the economy of every individual, not the whole country. Because we should think clearly, the country with the lowest population in the world is about 1000 people, I believe that only about 10-20 people know and are working with bitcoin, even lower or not know about bitcoin, and the number of people who can successfully make money with bitcoin is also not high, so the economics of an individual is improved, it will not affect too much the economy of a country

[Kevin77]

Yeah. BitCoin can improve the country's economy. because the development of the economy depends on the action. Motion means development. to gain volume. development and growth are also achieved through trade. the larger the frame, the more economically the economy grows. If BitCoin is into the present social life and is a currency that meets a number of needs, then it means that if the movement is improving the economy.

That is very true, most especially the aspect of the foreign exchange. It is just funny most countries are not even seeing that benefit yet. When people are earning more bitcoin, it helps pull in more funds into the economy even from the outside and obviously helps increase the standard of the country as well as its economy.

If they can see the opportunity it brings for the people, how they can utilize it to their advantage, then legalizing it will create more awareness within the country, help reduce unemployment rate, create more jobs as some are enriching themselves from it and so on and so forth.

[bitllionaire]

Definitely yes, bitcoin can improved the economy of the country because people using bitcoin can developed there way of living. Also, to those people having already money due to the bitcoin will provide some business in the society and to help the different charity.

The way bitcoin is helping so many people to earn such a huge amount of money and that too in such a short period of time, I think bitcoin is already contributing a lot in making the economic condition of not only the people better but also the country and the world as well.

Bitcoin is the best thing and it can play a very vital role in making the economic condition better, we only need to believe in bitcoin.

That is right, bitcoin is a big help of increasing the financial status and capability of every individual who are earning on it and as far as i know that there are so many people now working for bitcoin because of its precious value that can be earned over a short span of time, and as that simple reason alone
we can realized that if there are many people getting rich by means of bitcoins then the place or the society where they have lived can be also improve
because there are more money circulated in buying and selling so there is fast tax circulation then in that way the government can benefits.

Well, bitcoin is bringing a great source of income to many people and helping their finances develop a better way than ever before but we should remember that bitcoin improves the economy of every individual, not the whole country. Because we should think clearly, the country with the lowest population in the world is about 1000 people, I believe that only about 10-20 people know and are working with bitcoin, even lower or not know about bitcoin, and the number of people who can successfully make money with bitcoin is also not high, so the economics of an individual is improved, it will not affect too much the economy of a country

I do not think that bitcoin have any direct relation with bitcoin but in fact bitcoin is providing opportunities to people to make from it through different way, specially to those people who are jobless or having low salary from their day job from which they cannot fulfill their needs and requirements. I think bitcoin can more helpful in backward countries where people have little less opportunities to  make money or get a good job, because bitcoin can provide good opportunities to such people for making money and leading a good life.

[hashtag101]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Bitcoin has many benefits for if people know how to use bitcoin. As people use, governments may improve countries economy in some way. Think about common bitconer earns or loses with bitcoin. It is the same in country economy. Governments also earn or lose with bitcoin investment. Therefore I believe your decision.

The government will receive more loss than the benefit from Bitcoin. You also know if the government accept Bitcoin, there are many people will transfer their fund to Bitcoin instead of FIAT. Because Bitcoin is legally and they don't need to care the taxes from the government.

[Naughty Princess]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Bitcoin has many benefits for if people know how to use bitcoin. As people use, governments may improve countries economy in some way. Think about common bitconer earns or loses with bitcoin. It is the same in country economy. Governments also earn or lose with bitcoin investment. Therefore I believe your decision.

The government will receive more loss than the benefit from Bitcoin. You also know if the government accept Bitcoin, there are many people will transfer their fund to Bitcoin instead of FIAT. Because Bitcoin is legally and they don't need to care the taxes from the government.

In addition, bitcoin will be the choice of people if the government accept it. There will happen to not use the centralized money provided by the government because even buying things and expenditures and services you have to pay in bitcoin. There will be most of people work and focus in bitcoin rather than other job in the industry which also pay taxes on the government.

[pisston]

The fact is that in countries that develop, Crypta will only allow officials to get rich, because they immediately impose prohibitions and restrictions.

[yohan09]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

I guess there is a great impact in our economy because unemployed are given a chance to work here, all of their earning will also be used in buying their major needs and in every needs like food, clothes and extra things to buy had taxes, If more money circulates in a certain country, Government will also benefited, and all their tax collected will eventually used by gov't to established good project for the welfare of everybody.

[Superzpay]

Bitcoin has made many successful and wealthy people, because they are rich then this is proof that bitcoin can improve and improve the country's economy. if bitcoin is legalized then in a short time bitcoin will be popular and increase the country's foreign exchange.

Bitcoin has the potential of making you rich witching short time period. There are countless people who have totally changed their lives just by working with bitcoin. Bitcoin is increasing in value for last three years and is now going to reach 7k dollars before the beginning of 2018. If you really ant to be rich and a millionaire in near future, bitcoin is the best option so far for making your dreams come true.

[marcuslong]

Bitcoin now is the best digital currency where other store or business are now implemented with bitcoin we are in new generation where bitcoin are around the corner and will be help most of the people by using bitcoin into trading and investment since bitcoin is the easiest way to earn money and my answer is a big yes not only economy bitcoin can improve but also people.

[Hutalar]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

bitcoin only changes the economy for its users, if for the country level is still far away, the example of Indonesia, bitcoin users a lot, but not yet changed the Indonesian economy, only change the user's economy only.

It is a fact that bitcoin only changes the economy of those who are involved with it or are sincere with bitcoin earnings. To bring changes at state level with bitcoin, the state needs to make bitcoin legal so that maximum people can sue bitcoin for improving their lifestyles which will ultimately increase the economy of a state. In short bitcoin has the potential of changing your country’s economy.

[potatocorner]

Bitcoin is a cryptocurrency and it has advancements when using it. It may somehow help improve the economy of a country but still, it depends on the leader, and the people living in it. Of course it is needed that they are willing to change. You cannot rely on bitcpin alone to change an economy; of course you also need tha drive of the people to change.

[Jupeter]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

I think it can improve the economy of each country because of its high rate. Many people now are depending on it so it makes the economy grows. It is a great impact to us because there's a lot of jobless people can have a work now and it can help.

[BeGoods]

Bitcoin has made many successful and wealthy people, because they are rich then this is proof that bitcoin can improve and improve the country's economy. if bitcoin is legalized then in a short time bitcoin will be popular and increase the country's foreign exchange.

Bitcoin has the potential of making you rich witching short time period. There are countless people who have totally changed their lives just by working with bitcoin. Bitcoin is increasing in value for last three years and is now going to reach 7k dollars before the beginning of 2018. If you really ant to be rich and a millionaire in near future, bitcoin is the best option so far for making your dreams come true.

See many people have the possibility to get rich and improve their lives from bitcoin. I think that's what makes a country's economy improving you know. I think the economy of a country to be good is when their society is prosperous right ?
and bitcoin do that ? by generating a large income on their users (many communities and society)

[SushiMonster]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

I think one of the main factor is now the role of bitcoin when it comes to transactions and as an another medium for investing.
The fast growing of its popularity in the economy and as a currency is giving hope in a country's economy if will be used and implemented well.

[Gabrieelle]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

I think one of the main factor is now the role of bitcoin when it comes to transactions and as an another medium for investing.
The fast growing of its popularity in the economy and as a currency is giving hope in a country's economy if will be used and implemented well.

Yes if bitcoin will be used and implemented well in different countries they have a high chance of improving their economy because the value of bitcoin is continuously rising and it is a good sign for investment, a lot of people can gain high profit when it comes to bitcoin.

[MMS2017]

When the flow in the economy the standard of life is changing with this for example if a person earn enough quantity of bitcoin and then they invest these money to start new business from which many labors will get jobs and they will pay the taxes as well so it is good for economy it can improve economy in the to reduce the unemployment and to increase per capita income in a small range but it will star t improvement.

[langust84]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

If to the worst it can, but to the best has not yet been proven. Look only at China, why do you think they banned the crypto currency, because they realized that this will cause a crisis in the country and the inflation of the yuan.