Can bitcoin improve the economy of a country?

[NickChandi]

Yes, Bitcoin economy continues to grow and popular in the market. It has been able to improve the economy of millions people, of course country can. Bitcoin technical not easy to learn, but it helps to improve financial who  use it.

[kuryadi]

Maybe what you say is true. The economy of a country is affected by the economy of a society. If people become rich then the state economy will be strong. Investing bitcoin is a way to get rich. Maybe if all people know bitcoin, it will make people have a lot of income and may be rich.

[dali_masmoudi]

Today, Btc is considered as an officiel currency only in Japan and Germany and USA,UK,China,EU are working on that.
As you can notice all these countries are well developped and Btc will improve their economics for sure.
But for developping countries I don't think it will work.

[nethan1btc]

Maybe what you say is true. The economy of a country is affected by the economy of a society. If people become rich then the state economy will be strong. Investing bitcoin is a way to get rich. Maybe if all people know bitcoin, it will make people have a lot of income and may be rich.

For me,  it's not a maybe because people with good income coming from bitcoin will generate bigger profit as they sell their assets with a remaining investments from the amount bought as capital of the holdings they had. The improvement of the country came from the people behind us who has good income sources which is bitcoin currency with a bigger demand in the marketplace nowadays. So if many people who depends on bitcoin income, then they will have money to buy for those products that belongs to the country's system economy; and money will be circulated in the local trades of the country so we helped the economy to grow progressively.

[fanbeila]

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 become such a strong currency today that even if countries don't want to accept it,then they would be the losers of revenue which could be got by taxing bitcoin earnings.So,instead of announcing bitcoin as illegal,they have chosen a path of accepting and regulating bitcoins.Thats what we recently saw in japan legalizing bitcoin.

[hritevanz]

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 popular in other people and it is true that there are some countries that accept the bitcoins in many transactions like Japan, US, Germany and etc. Well, i don't think bitcoin is enough to change the country's economy for now.

[Palmerson]

Bitcoin is still too young to have a significant impact on the economy of countries, but it all depends on the popularity and ease of use. Maybe in a few decades bitcoin will grow into a large monster which will devour one after another the economies of various countries.

[kafiddrhman]

Currently the role of bitcoin is not too great in a country's economy, but role of bitcoin has been felt for all its users financially.
Probably because bitcoin is not yet fully used by everyone in the world. But someday, bitcoin will be able to contribute to economy of a country and certainly if the country receives bitcoin as a legal currency and can be used for official payment transactions.

[Saichoukyushin]

Currently the role of bitcoin is not too great in a country's economy, but role of bitcoin has been felt for all its users financially.
Probably because bitcoin is not yet fully used by everyone in the world. But someday, bitcoin will be able to contribute to economy of a country and certainly if the country receives bitcoin as a legal currency and can be used for official payment transactions.

Well it will depends on a government leaders how they will use the advantage of bitcoins not only in transactions but in their vicinity .Pehaps they may take advantage to bitcoin users or make rule over the use of it we don't know but the best answer would be in the country leaders.

[stephanirain]

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?

well it depends if they use bitcoin in a good way not in a bad way that people would be uncivilized in using bitcoin that they use bitcoin for illegal things like selling or buying drugs. if they use bitcoin in a good way maybe the economy of a country will be positve.

[Kabul]

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?

well it depends if they use bitcoin in a good way not in a bad way that people would be uncivilized in using bitcoin that they use bitcoin for illegal things like selling or buying drugs. if they use bitcoin in a good way maybe the economy of a country will be positve.

Stop being retarded like that people are using money and fiat to buy drugs and illegal things everywhere. If bitcoin is used as a kind of money, there will be 100% that it will be abused like fiat and be used for many bad purposes. Bitcoin is good but there is no way to stop the people from being bad and earning money from illegal way. we have to accept the truth the world is not as good as we thought

[Lubang Bawah]

Until now I've never heard of any country that officially feels the benefits of bitcoin, they just make bitcoin as a commodity so it does not help significantly.

[noictib]

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?

Yup! , This is the big truth but here most of the people don't understand and saying Bitcoin is not safe but in actual reality most ofnthe person whonare innthis field and making analysis and smart work are making money in decent amount .
Here we should clearly understand that the country can't make a person but many persons together can make a country , so here every person is making money and growing his economic development and that wil surely results into. The growth in the economy of thr country .

[reflector]

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?

Yup! , This is the big truth but here most of the people don't understand and saying Bitcoin is not safe but in actual reality most ofnthe person whonare innthis field and making analysis and smart work are making money in decent amount .
Here we should clearly understand that the country can't make a person but many persons together can make a country , so here every person is making money and growing his economic development and that wil surely results into. The growth in the economy of thr country .

Those kind of people always available in every place even in the forum and they always troll the bitcoin. Bitcoin can help us to improve economical position as Japan government implemented bitcoin as legal currency and getting benefits from the btc as they do

[malikusama]

It can't improve the economy unless or until it is accepted by countries as a legal payment method. The legalization of bitcoin is giving rise to the bitcoin's price and it will definitely effect the economy in bitcoin legalized countries.

[Hallmader]

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 alone cannot change a country's economy. Many countries accepted it legally and most didn't ruled it as illegal since it is a better option especially on online transactions. The internet is growing bigger than ever so time will come 90% of all transactions will be made online.

[IamHigh]

It can't improve the economy unless or until it is accepted by countries as a legal payment method. The legalization of bitcoin is giving rise to the bitcoin's price and it will definitely effect the economy in bitcoin legalized countries.

Even if bitcoin is accepted legally in a county, it has no role to improve the economy of that country. If it's a real country, then it economy will be very complex and consisting of too many components. So a simple asset such as bitcoin can't improve/change the economy of that country.

[TeamButtcoin]

i think yes , even if some banks don't accept the bitcoin , i think this may be the future of payments , or it would be good to be . And you know with all the taxes that go to the state budget it would be a big amount sooo yes i think bitcoin can improve economy of a country but in future not right now.

[Monnt]

i think yes , even if some banks don't accept the bitcoin , i think this may be the future of payments , or it would be good to be . And you know with all the taxes that go to the state budget it would be a big amount sooo yes i think bitcoin can improve economy of a country but in future not right now.

Yes, bitcoin can help both as a payment processor and by creating lots of job opportunities to common people. When common people gets their lifestyle is improving then it definitely influence a nation's economy too. When bitcoin hits main stream of adoption, we are going to see lots of such improvements for sure.

[Fireblade]

i think yes , even if some banks don't accept the bitcoin , i think this may be the future of payments , or it would be good to be . And you know with all the taxes that go to the state budget it would be a big amount sooo yes i think bitcoin can improve economy of a country but in future not right now.

Yes, bitcoin can help both as a payment processor and by creating lots of job opportunities to common people. When common people gets their lifestyle is improving then it definitely influence a nation's economy too. When bitcoin hits main stream of adoption, we are going to see lots of such improvements for sure.

yes there is no doubt that bitcoin can in fact improve the economic condition of a person, if a person have some experience in trading then he can really make good profit from altcoin trading.