Can bitcoin improve the economy of a country?

[BartS]

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.

No I think you are wrong about bitcoin that it doesn’t change the economy to a country it only change the economy of a person from we observe that if a person economy become good so this is also a good thing for government because they will not work for that person to make his/her life because that person doing it own way.

Yes I agree with you this is a question now a days countries are going to accept bitcoin so the question is why they are going to accept bitcoin because they know that bitcoin can play a big role in their economy as we know that bitcoin reduce unemployment in many countries so there is no doubt that bitcoin can play a role in economy.

The bigger benefits of bitcoin are going to be for those countries that are early adopters, since they are going to receive huge investments and may receive even tourism from people that want to spend their bitcoins however as bitcoin becomes more mainstream and it is accepted all over the world those benefits are going to disappear as now you will be able to use bitcoin everywhere and not only in those countries.

[1715025941]

1715025941

[1715025941]

1715025941

[1715025941]

1715025941

[1715025941]

1715025941

[1715025941]

1715025941

[notthematrix]

Not the bitcoin itself, but one of the altcoins, like Electroneum, it already improved buying power

[modsa]

I think Bitcoin is like a democracy. People need to do something to improve that

[stompix]

My answer is still no.

Too many here treat bitcoin like a cash fountain.

The bigger benefits of bitcoin are going to be for those countries that are early adopters,

i think it can, bitcoin can help improve the economy of the country we are living in given the fact that everyone should make individual investment. if bitcoin could help individual income it would sure improve the country as a whole.

Yes you are right. Bitcoin can improve the economy of the country because of the currency coming from bitcoin. 

And so on..
Free money that rain out of the sky can't improve anything more than temporary.
Besides, do you have a clue what happens when there is too much cash out of the blue without economic growth as a back-up?
Bad thing...really bad ones.

I believe it does. One country that has already implemented bitcoin is Japan. If Japan already started using bitcoin, then why is it’s economy still very good. That means bitcoin doesn’t do anything bad to a country’s economy.

Well, I would say it's quite the other way around.
First the time that has passed since Japan legalizing bitcoin is too short.
Second, bitcoin usage is minimal. People are doing more transactions in Tokyo in the mornings alone to buy coffee than the entire blockchain. (at least 10 times more)

Besides, Japan's economy was strong before that.

We should really start monitoring a poor 3rd world country and see if bitcoin pulls it out of the mess.
But there is no country in the 3rd world that has even a slight percent of bitcoin users.

[ArdiPrabowo]

not all people in some country use bitcoin
so not big impact improve economy of a country, but can incraese income and big impact to bitcoin user
sample, iam incraese income, my income from bitcoin above my income work in office(offline job)

[shunga]

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?

Actually it is depend on the situation if the bitcoin has a good impact to the economy it maybe the economy of the country because it can improve individuals lifes. 

[zeragame]

It can help, and make it worse without regulations!

[cheann20]

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?

It can improve and harm a country's economy at the same time, both are possible and it depends on the people to know how to take advantage of it's benefits becuase bitcoin is have a power a to change a country, it is have higher percentage to be the one of the most valuable coins in the world.

[newlone]

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?

It really affects the economy of a country, but it can affect badly. When all the investors turn all their money into crypto, so the real economy will not grow!

[shark69]

bitcoin can improve the country's economy if the country agrees with bitcoin. some countries do not accept bitcoin, because they think bitcoin will damage the currency exchange rate of the country

[NiceBreeze]

I think that bitcoin will be able to improve the economic climate of the nation whether it becomes accepted as repayment in all places in the country. So more people will start paying by using it and improve the financial situation in the country.

[DIMKAZDS]

          I strongly think yes it may, it could also alter a certain country regarding their views on how they approach businesses and crypto currencies. Although we are able to say that it's negative effects or side effects, i nevertheless checked out it as an eye garage door opener hardware for people that are unemployed to strive and try to function. It means it gives or starts possibilities to people about which are also willing to danger or engage this certain area.

Bitcoin can improve the economy of a country.It provides earning opportunities for jobless or to those who are interested in earning money online.By joining a signature campaign,one can get a decent payment which he can use as his extra allowance.He can also save his payments for his future purposes also.So he will have enough money for his future.If one has some bitcoins,he can invest some of them and save the rest.Both the processes lead to more money.So more money in the economy will lead to development of the country.

[doomloop]

I think it can help lessen the people who doesn't earn or the unemployed,
They can earn through this crypto currency and help their family and their selves .

Yes you are right. Bitcoin can improve the economy of the country because of the currency coming from bitcoin.  It helps to make the economy up because bitcoin give a job to other people to earn.

Bitcoin give me the job as well because all the people in my country are having the bitcoin and this is the reason why the people are having the fun and the bitcoin price and holding for the long time will give you the benefit, I use the signature campaign for the money and I am able to achieve my target of the month and this is the best source of income for me.

[sariz12]

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?

Of course I believe bitcoin has in no small way improve the economy of a country and not even to those countries that have accepted bitcoin alone and the reason for my conclusion is simple. Majority of all of us here are from different countries in which most of these countries have not accepted bitcoin as a currency but we all earn an amount or the other which we all contribute back to our various economy which indirectly can be regarded as bringing in income to the country looking at it from the economic point of view... And

[pecson134]

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 at some point it can improve one's economy of a country since it does give profit and money to the users involved. This would be best compare is from person who had business and yet they were still going to work also on bitcoins in order for them increase the capital they had or they can earn more money to strengthen their business which had also an influence towards the economy of a certain country. Downside only in my opinion is that they can't still be fully controlled and monitored by the government so they not still fully take advantage on the bitcoins.

[kobmat]

It can help, and make it worse without regulations!

Yes it can improve the economy of country, as of now our economy is not  yet aware on what is bitcoins for, but day by day its became popular because of the people who are using it and sharing to other people whats the benefit they can get here in bitcoin, and i am sure that in the future the economy of our country will be more better because of bitcoin.

[avanol]

Yes bitcoin can improve the economy of a country because it will give a lot of people a lot of money and their income will grow that means if everyone uses bitcoin than everyone's income will grow and the country will improve.

[arlinxoha]

Yes, of course, I think Bitcoin plays a big role in the economy of a country. The economy improves Bitcoin has been legalized by many countries, which has reduced the country's unemployment, young people have established, various business establishments. The economy of that country is being developed. So I think many countries in the future will make Bitcoin valid.

[chiggz]

Different countries have different opinions on this, some countries have declared it illegal, and many countries have no policy or intention to regulate Bitcoin. Many governments may not like the idea of not being able to track identities related to the transactions, there are already apprehensions about use of Bitcoin by drug cartels or the incidents like wannacry ransoms.

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.

[thedarksun]

It can help, and make it worse without regulations!

Ohh i think if goverment make it on right path it wont make any trouble or even get things worst, so just wait for the moment when it will be more popularize in whole world.