Can bitcoin improve the economy of a country?

[Saidmod]

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

It's true that almost all countries use bitcoin and know bitcoin and some countries are not familiar with bitcoin, but I think over time and the development of bitcoin all countries will know it and use it for no reason. because bitcoin can help the economy of the country especially the people and that too some who only use bitcoin and who have technological tools to access bitcoin.

Bitcoin is a good investment and does help its investor to overcome any financial related issue. And with no surprise, I know that bitcoin is one way to help each economy  to rise. Economy is ever crucial to every country. It signifies the status of a country and its people.

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[ElitistCA]

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

It's true that almost all countries use bitcoin and know bitcoin and some countries are not familiar with bitcoin, but I think over time and the development of bitcoin all countries will know it and use it for no reason. because bitcoin can help the economy of the country especially the people and that too some who only use bitcoin and who have technological tools to access bitcoin.

Bitcoin is a good investment and does help its investor to overcome any financial related issue. And with no surprise, I know that bitcoin is one way to help each economy  to rise. Economy is ever crucial to every country. It signifies the status of a country and its people.

My country also has many the rich by the profits from cryptocurrency investment, not only Bitcoin investment. However, my government still do not have any policies to manage and tax us, they are wanting to complete the law soon and make us spend money to pay tax.

[Pinkris128]

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 a certian country accepted the idea of bitcoin, it can develop their economy. Bitcoin can help the people their own money that they can be used by buying things in the economy. If there will be many people who earn a decent amount of bitcoin, the economy of its country will upgrade or will develop more. We just only need to work hard because someday, we can be successful in bitcoin.

[Xenophoto]

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 a certian country accepted the idea of bitcoin, it can develop their economy. Bitcoin can help the people their own money that they can be used by buying things in the economy. If there will be many people who earn a decent amount of bitcoin, the economy of its country will upgrade or will develop more. We just only need to work hard because someday, we can be successful in bitcoin.

People think that bitcoin users aren't helping the economy in any way just because tax isn't collected from us when in fact:

1. There are places where you have to declare your bitcoin address and pay 25% of your cash outs annually for that certain year.

2. There's actually a reduction in the exchange rate in the online wallet that we are using since those websites are paying tax to a certain government.

3. We might even be paying more tax than ever because our expenses are greater than before we were bitcoin users. 12% VAT in every purchase is no joke.

[mjloulie]

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?

Yeah.. Bitcoin can change our economy if we accept it as a legal currency.. This year we need to get bitcoin as a top trusted cryptocurrency in the world.

[Umar001]

Yes bitcoin can improve economic of the country, by the way of reduces unemployment rate  in the country, when the unemployment reduce, crime in the society reduce, when the crime rate reduce, investors will coming to the country, and when investor invest in the country, economic of the country grow,. In conclusion bitcoin can improve economic of the nation.

[PalindromemordnilaP]

Bitcoin will only improve the economy if it is being accepted as a payment in most of the marketplace and even with the small scale business.

Not only in an economy where bitcoin is being accepted because even though that place is not using bitcoin as payment for goods and services, it can still boost one's economy. Let take bounty programs from ICOs which offer a wide array of campaign to choose from. With that alone, it offers jobs to people who are unemployed, thus, decreasing the unemployment rate of a society.

[readygoaw]

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

It's true that almost all countries use bitcoin and know bitcoin and some countries are not familiar with bitcoin, but I think over time and the development of bitcoin all countries will know it and use it for no reason. because bitcoin can help the economy of the country especially the people and that too some who only use bitcoin and who have technological tools to access bitcoin.

Bitcoin is a good investment and does help its investor to overcome any financial related issue. And with no surprise, I know that bitcoin is one way to help each economy  to rise. Economy is ever crucial to every country. It signifies the status of a country and its people.

I do not see the influence of Bitcoin on the economy of my country. Perhaps in the future Bitcoin will affect the economy, but now this is not.

[readygoaw]

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

It's true that almost all countries use bitcoin and know bitcoin and some countries are not familiar with bitcoin, but I think over time and the development of bitcoin all countries will know it and use it for no reason. because bitcoin can help the economy of the country especially the people and that too some who only use bitcoin and who have technological tools to access bitcoin.

Bitcoin is a good investment and does help its investor to overcome any financial related issue. And with no surprise, I know that bitcoin is one way to help each economy  to rise. Economy is ever crucial to every country. It signifies the status of a country and its people.

I do not see the influence of Bitcoin on the economy of my country. Perhaps in the future Bitcoin will affect the economy, but now nothing happening.

[Majharul Saiif]

It isn't a simple question. For this answer, you have to know how much user's in your country who are already use Bitcoin for invest or work.For those kinds of work,you will surely earned or benefited. It's one kind of income source. So,we can say without any doubt that Bitcoin can improve the economy of a country.

[offthecuff]

I think it can, bitcoin at the very least can help to distribute wealth in a country, just look at how many people involved in bitcoin have made significant sums of money, this is 'new money' not people who were born with a silver spoon, its people who have earned it and are hungry for more.

I really think the money made from bitcoin will help to drive countries forward in the future simply because those who have it have the talent and drive to create. They aren't going to sit back yet, there's still more to come. The financial revolution is only just starting.

[soname12]

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 am not an economist but I see bitcoin bad influence on the economy. Bitcoins are always hidden, so many people take advantage of this to transfer money for illegal activities.

[Wintersoldier]

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 is an innovation that targets the potential correction that the normal marketing operations fails to deliver. The world needs systems that will bring convenience and security with in the big players in the market world. Almost every thing now is being done electronically. The adoption of digital currency in the market, if regulated correctly, will probably make a positive impact in the economy.

[Kim Domingo]

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 depends upon the people who have been using Bitcoin since then if they are going to spend it out to rise up the economic status of their country but most likely, I think it will because a massive amount of money from the users who gain an income from the blockchain can enter ones account and the user will be the one to decide if he will contribute in the out growth of their economy. But I do believe if all the users of a certain country will use up their holdings, yes Bitcoin will improve the economy of that country.

[robbietobby]

I believe everything happens for a reason. Even in our economy, although the progress continues, there were still inflation-deflation system because the values of money aren’t same. While, bitcoin can improve digitalized system of the world economy.

[bert20]

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?

Yes it can stepped up the economy of the country as long as we work here in this trade we do all we can to improve and grow the business. Improve the work we do and we do all we can. Great help bitcoin because all working on this trade is good and will they improve their lives This is helpful in a country because less people will be difficult, there will be a job for the unemployed and reduce the poor.

[Adek nadia]

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?

For the country permit bitcoin operate, I’m sure economic the country would be very helpful, certainly if bitcoin passed of taxes will issued would be very much.

[carlisle1]

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 a certian country accepted the idea of bitcoin, it can develop their economy. Bitcoin can help the people their own money that they can be used by buying things in the economy. If there will be many people who earn a decent amount of bitcoin, the economy of its country will upgrade or will develop more. We just only need to work hard because someday, we can be successful in bitcoin.

bitcoin cant do this alone,because infact it wasnt bitcoin obligation improving any countries economy ,its upon the government but what bitcoin doing is helping the government improving the economy by giving income to those who needed some profiteering..and if those countries alow bitcoin legaly and put tax on this community i guess this could be another big help for those countries.

[Mr. Legendaris]

If properly managed then bitcoin can be very useful for the economy of the country, it is time for the country to legalize bitcoin because bitcoin is very useful for us all to get earn correctly.

[MrRiuss]

i think more or less it can improve the economy of a country, either directly or indirectly