Can bitcoin improve the economy of a country?

[Rebisco]

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 can change someone else so I think it can also improve the economy of the  country. The demand of the people nowadays in bitcoin is very high and it has effect to the price.

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[jakezyrus]

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?

definetly yes, bitcoin can improve the economy its because bitcoin is amazing, it can act as a payment system and at the same time it can do other cool things like you can earn thru them by selling or exchanging them and you can also mine them using a hardware or a software.  so many lives  now has been change because of bitcoin and bitcoin can give hope to our future.

[saheng]

bitcoin can improve the economy, but only for some people. bitcoin applies to people who think ahead and dare to take a huge risk. for developing countries where the majority still think traditional will be difficult to plunge in the field of bitcoin, because it focuses on the business that must be seen what objects or services are traded, as well as the currency used must be visible and can be touched.

[Kingofbitcoin12345]

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?

Both,, as many countries also depend on the income of its citizens it will boost they're income as a whole.. As bitcoin users increases and new users joined to be part of crypto currency the money earned is in circulation that may helped a lot on local business and adding product taxation for the government.. Big things starts with small beginnings so even a small amount of it when accumulated it is still big..

[Absentis]

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 did not hear in any news  that there are nation's that their economy is fall down because they legalized bitcoin instead i have watch and read about all countries that legalize bitcoin had their economy become more stable, powerful and strong. Japan is the best example of this and now i just read Vietnam will legalize bitcoin specially their economy is declining. We will just wait and see of this nation's development after using bitcoin and we have a chance to see for ourselves of the result.

[Daimon88]

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 your right many countries today are accepting bitcoin as a virtual currency and some of them are accepting them as a legal currency because bitcoin can improve the economy of a country by letting them to use bitcoin as a source of income to help their family, and to provide their basic needs.

It can change the economic of their people for they can sustain their living by doing activities here. Many were treating it us their job since they can earn more here than in their regular job.

Indeed it surely will be provided many advantages for all those who do want to improve their lives, but it will never be good for the continuation of our lives for the future. For if everyone only works in the online world, it is definitely the main thing supporting all activities online will surely be left behind and finally production offline is getting lost. Then the existence of the thing's for sure we're going to be someone who is confused to fix it, because everything is already as a bad thing.

I wouldn't say that it can "improve" but rather it can "change" a country's economy. Major aspects to be affected by wide usage of bitcoin is unemployment to those who are involved in physical money. People would also be consumed by the virtual world and can change the people's lifestyle offline. Also, transactions and means of currency may change and adjust to bitcoin's nature. In that way, bitcoin can really change a country's economy.

Yes, it brings change in a country. At least I see some mindful youths getting into bitcoin today, instead of standing on the streets as pickpockets and criminals, they get themselves computers and internet access to do something more useful and follow the right path.

[jostorres]

yes bitcoin improve the economy of a country.Everyone try to find  a good job to improve their financial .But most of are unsuccess for find job.I think online job best for anyone if you have some skills you can find job.Bitcoin now most popular  and its earn to easy if you have skills.So inhope bitcoin can do this .thanks

As bitcoin has helped many people and removed unemployment from their lives, it means the capital of that individual has increased. If te number of such people increase then obviously the economy of the country will improve overall. Bitcoin is a source of income for many.

[julius caesar]

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

True, and bitcoin may contribute a lot if every country in this world where open in bitcoins capabilities and possibilities we may build programs and constructions for every people who is need, but we must be open in the consequence that governments may take percentages in bitcoin to include in every country's annual fund.

[futuret]

No, bitcoin can not improve the economy of the country because it is only an investment. This should be done by the government undertaking new actions to improve life in the country.

well bitcoin is good for all kind of side in our life so for me yes of course it can do anything today our country needs the better economical set up the most special thing about bitcoin is that it is now acceptably in the almost whole universe so having bitcoin can improve the economy of any country for sure because bitcoin is more than a blessing for me now and for our country as well.

[Shomeare1932]

It would take a long time for bitcoin to boost any country's economic system. Realizing the reality that bitcoin 's price fluctuating up and down ,it would be a key danger for any region to accept bitcoin due to the fact of the economic downturn all in excess of the planet,also not all countries have several bitcoin end users so that may not be the reason to acknowledge bitcoin as a currency.Last but not least,Bitcoin's cost may possibly be higher but its security is what issues to an country's financial system.

[umbara ardian]

yes for some bitcoin countries can support their economy. users bitcoin the country is spelled out a lot. they legalize bitcoin even they open mining to bitcoin. but some countries do not accept bitcoin because bitcoin is considered not a legitimate exchange rate in their country and bitcoin may disappear at any time from circulation without notice.

[mornabo]

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?

definetly yes, bitcoin can improve the economy its because bitcoin is amazing, it can act as a payment system and at the same time it can do other cool things like you can earn thru them by selling or exchanging them and you can also mine them using a hardware or a software.  so many lives  now has been change because of bitcoin and bitcoin can give hope to our future.

thats true there are many advantages you can get from bitcoin like currency, investment, etc. but the main point, why bitcoin can change and improve the country's economy for the better is because bitcoin provides income and profit for its users. but to date I have not seen the bitcoin significantly alter a country's economy

[Sled]

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?

definetly yes, bitcoin can improve the economy its because bitcoin is amazing, it can act as a payment system and at the same time it can do other cool things like you can earn thru them by selling or exchanging them and you can also mine them using a hardware or a software.  so many lives  now has been change because of bitcoin and bitcoin can give hope to our future.

thats true there are many advantages you can get from bitcoin like currency, investment, etc. but the main point, why bitcoin can change and improve the country's economy for the better is because bitcoin provides income and profit for its users. but to date I have not seen the bitcoin significantly alter a country's economy

If the users or the people in a particular country is gaining a lot of profit from bitcoin then it can be a huge help for the country to improve its economy because when the people are rich or they have a higher capability to spend money than the average expectation then they can help the country to get a better economy because the taxes and the income of each store will increase so the government will take the benefit from it.

[englishflavor]

Anyone that asks this question should look at India and others in financial crisis. When banks take a bath, it's Bitcoin to the rescue

[Protected101]

I think, many factors that cause bitcoin are accepted in many countries. one of them is with the many bitcoin users and bitcoin prices that are so great. but besides, bitcoin can make it easier to make online payment transactions and it is the latest technology in the world and I think it is very safe in the transaction so that the country will receive bitcoin in the hope of improving the state of the economy from now to the future.

Yes bitcoin can improve the economy aside from that a way that can be comfortable in paying bills online .And aside from that it can be our source of income that can help to our daily life.we can have a freedom in financial and it has a big helps to our economy.

[Francer]

Do not genuinely think so. How can it help as bitcoin is just virtual and it is getting traded in excess of the internet. Money is not becoming used for nations advancement. The economic system fully relies upon on how men and women are investing their taxes in the government and its venture. Bitcoin is a lot more or significantly less becoming utilized by individual to particular person for their own expansion. This would not even move leaf of a tree. Lol. Anyway the query is very good and it should prepared correctly as the forex itself is decentralised and don't contribute in any economic climate.

[SugoiSenpai]

Bitcoin can improve the economy of a country, it is just not because it has a high value and the users using it but it can help the country's fiat if ever it will be in crisis. Bitcoin and other altcoins can be issued through digital blockchains so our fiat will be safe. Bitcoin may also change how the current fiat works, we may never know what the future has in store for bitcoin and other cryptocurrencies, they may be used permanently in transactions. Imagine a world without any hassle and struggles of worrying about going into the ATM to withdraw money it will all be done using some sort of technology(cards, phones just for transactions, etc.).

[0Pirats0]

Bitcoin is very useful as a new stream of investment, with proper regulation. After all, it can destroy the national currency, and the economy is unlikely to raise, tax is not taxed, but people's livelihood will rise.

[jakoylantern]

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 i agree what you say. And addition to that the other big company that accepts bitcoins like overstock.com, dish network,microsoft, intuit and paypal. So it will improve the economy using bitcoins.

[lukesimon]

Yes true, with bitcoin then all the transaction becomes faster and cheaper, I'm sure if bitcoin applied legally then make improve the economy of a country.

Yes! I think on some point, bitcoin can play a substantial role in changing the economy because
the convenience that bitcoin offers to people makes them indemand. If a certain country accept, acknowledge and Legalize Bitcoin it can help a lot to attract more huge companies to venture and invest for business that Cryptocurrency can use such as onlineshop, healthcare, billing etc., it will definitely add demands for local jobs which the government can profit.