Can bitcoin improve the economy of a country?

[dEjAvOU]

I'm sure it can, the thing that hampers the government does not want to legalize bitcoin, many countries banned bitcoin for fear bitcoin will beat fiat money. the decentralization system provides an opportunity for anyone to grow and become better.

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[Sand King]

I agree with that, bitcoin can improve the economy of a country but it will only happen if the people in the particular country will use bitcoin maybe 70% of people in particular country i will surely say that it will improve the economy because people can get the benefits here and here in bitcoin they can have a homebased job.

[Jembut Iteng]

Definitely, the main thing that makes bitcoin very feasible as a substitute for fiat is because of the great prospects of global users, bitcoin can improve the country's economy because many fields of work more easily if using bitcoin.

[DPrillio]

I agree with that, bitcoin can improve the economy of a country but it will only happen if the people in the particular country will use bitcoin maybe 70% of people in particular country i will surely say that it will improve the economy because people can get the benefits here and here in bitcoin they can have a homebased job.

Basically it cannot directly go to the government since bitcoin is a decentralized system that makes it hard to taxation, but any way due to a massive income of bitcoin from many people in a society it can leads to contribute some money to the government by the tax of every establishment and store. more money from the people generates fast monetary circulation by buying or purchasing items and service that are taxable, and in that way the government can benefits the goodness of bitcoin through the people who work for it.

[buharikx31]

Definitely, the main thing that makes bitcoin very feasible as a substitute for fiat is because of the great prospects of global users, bitcoin can improve the country's economy because many fields of work more easily if using bitcoin.

Yes, if we are talking about the bitcoin economical regulation of country it can be possible that it can regulate the finance situation, because of the interest from everyone, it can be recognized as global curency and if the transaction confirmation and fee's make less then they are right now, people would be more using crypto doing purchases

[Tuare aget]

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 both are the answer. First subject is bitcoin can change the economy. Why? Bitcoin can be an active income for its user who dont have offline line that can reduce unemployment.
Second, if bitcoin legal, government can take tax from user.

[larrylegend33]

No, i would never think so. There are rich and poor countries in the world and they will stay rich and poor. Nothing would change or improve..

[Semar Mesem]

If it is legalized then bitcoin can be used extensively so as to improve the country's economy. I'm sure that what can improve the country's economy is bitcoin instead of fiat money.

[chichigirl]

It can improve because bitcoin provides us another job to provide our basic needs. Definitely it helps someone to stand alone without the help of government.

[darefreads]

Yes it can really improve the economy of a country the wait gives people a job to people like I can easily make my own business through bitcoin and help my parents in their needs and many store here are available the payments of bitcoin so it really helps the economy in this country.

[shata]

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?

This seems to be the demands of the times because in addition to bitcoin users in the country a lot, there are also because many other countries already use otherwise it will be left behind, when compared with other countries

Yes. Bitcoin can improve the economy of a country. If you are aware of what's happening right now, many of us are using technologies and we have the capable to earn bitcoins. Many of people improve their lives and get some wealth because of Bitcoin. If you have the virtue of perseverance, You will upgrade your type of living. Always remember that in improving the economy of a country is starts in you. Earn, invest and sell coins.

[jennywhzz]

I agree with that, bitcoin can improve the economy of a country but it will only happen if the people in the particular country will use bitcoin maybe 70% of people in particular country i will surely say that it will improve the economy because people can get the benefits here and here in bitcoin they can have a homebased job.

Bitcoin can improve country's economy but it can also destroy it. Its all depend for those people who start using it. There's a lot advantage of bitcoin but somewhere people use it for some criminal activities  .Like money laundering and drug etc. It can damage the economy of country. I think some countries who recognized this big fact they start banning it.You can say its a reason why few people hates bitcoins.

[deisik]

No, i would never think so. There are rich and poor countries in the world and they will stay rich and poor. Nothing would change or improve..

That remains to be seen

Free exchange of labor via global currencies like Bitcoin can in fact somewhat level out the wealth inequality between countries. For example, it doesn't matter where you live if you can do the job remotely and do it well, while cryptocurrencies make it possible to pay easily for such jobs. Many services are now living on Internet, and people from poor countries may undercut the labor supply from rich countries, making the playing ground more level across the world. Obviously, for this to have any significant effect and impact, we need global and universal adoption of cryptocurrencies

[noory]

yes..
I really believe that bitcoin improve the economy of any country..

[Rufsilf]

I think it can because the bitcoin can become a way for them to transact and transfer huge payments which fast speed of transaction and also a cheap fee for their transaction so it will give a huge discount and a way to save money for the country and also for the other people that will use it and those saved money will result to have a better economy of the country because they can use the saved money to make profitable investment or businesses.

[Malaya]

Surely, bitcoin can improve a country's economy if this will be used by more users. If bitcoin will be adopted by many countries as well, this will help more employment and extra income for others longing for profit or income by simply giving little investment on it at first. Bitcoin has been a good help to many in different parts of the world. Through that, as people gain more income, people can help in the circulation of money in their country through those they earned through bitcoin.

[Anjazvatoni4]

my opinion. can't happen ??
the development of a country, because it has a very clean government from the word corruption and strong in formulating certain rules.
In contrast to a country famous for its corrupt government, it will never advance even though this country has many people who know about bitcoin.

[francis2]

Yes, definitely bitcoin can play a substantial role in changing the economy especially when its use becomes legitimate. Legitimate, in a sense that, there is recognition in every State of every government body honoring its existence. If it happens, it can pressure everyone in the banking industry to bring down costs for banking transactions in order to stay competitive.

I agree with this imagine a nation earning online through bitcoins though their earnings are not taxable their local merchants and business establishments will benefit also from the money they will earn and spend. Given that everyone is able to buy and invest for another for of business in their country this will make a country even flourish.

The economy of the country will grow when the government can tax the Bitcoin user. However, it is impossible for the Bitcoin system is decentralization. Of course, the government can tax through exchange, but if the Bitcoin user go to make deal directly, it is also can't tax the Bitcoin user.

The economy of a country is going to grow with a wide adoption of bitcoin but that does not mean that governments are going to get any taxes out of it since they are not going to be able to tax bitcoin owners directly since they have no control of the network.

[zarintasnim]

Bitcoin is a virtual currency. Now days many country are receive bitcoin. Yes bitcoin can improve economic condition of the country.unemployment is the big problem of any country. Bitcoin arrange  money for the unemployed people. But you need to right knowledge about bitcoin.

[baracuda212]

can, if everyone inside the country plays with bitcoin then the country's economy will be good and stable