Can bitcoin improve the economy of a country?

[Pattart]

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 bitcoin will be legalized if a country really can see the benefits of it. Bitcoin can improve a country's economy? Yes it is true if they use it to invest outside their country and then the country gets foreign exchange. Cmiw

I know what you're thinking that bitcoin can bring in a person's income in a country. So it can help one's economy so that it affects the economy of the country as well. But the fact that bitcoin users or those who invest and work in bitcoin are only middle-upper class people dude? It is useless if the state legalizes but is not on target. Because of course the lower classes still can not use bitcoin for some reason

[1714846123]

1714846123

[LilibethSantos]

I would say so. Instead of oppressive governments keeping us dependent on printed fiat currencies, Bitcoin would help people of any country preserve their individual wealth. Financial freedom is what drives an economy upwards.

[Rajamuda]

On my knowledge it seems already seen bitcoin has improved the economy of country i guess. In terms of individual finance to peoples, Bitcoin obviously gives good hope to the finances of everyone looking for bitcoin. The level of poverty or unemployment seems to be reduced due to the presence of bitcoin in the internet world that can be an online job for peoples. Peoples around the world can improve their finances with the presence of bitcoin and provide opportunities or as a gap to earn money.

[Wingo]

In my opinion, it would greatly help a growing country to improve faster if they will welcome the use of bitcoin in the government. The use of bitcoin will result to a faster flow of money in the country and would certainly result to a faster growth. This would help many people and at the same time they will be educated about bitcoin.

[superplus]

In my opinion, it would greatly help a growing country to improve faster if they will welcome the use of bitcoin in the government. The use of bitcoin will result to a faster flow of money in the country and would certainly result to a faster growth. This would help many people and at the same time they will be educated about bitcoin.

I think if the government makes a rule about bitcoin it will appear that the name is a Bitcoin tax or a Bitcoin transaction tax, it is beneficial to the government but makes Bitcoin users lose money.
You think, bitcoin transactions without any government intervention alone have issued a fee and if the government made a regulatory regulation on taxation Bitcoin, how the fate of the Bitcoiner?

[fullhdpixel]

Surely Bitcoin can improve the economy of a country, because it is offering additional income sources for so many people worldwide, and it facilitate for so many people from poor countries to trade online and sell their services and goods online.

How? Bitcoin can not do that there are many people try to say that bitcoin can help the country but how can it be possible when there is no country accept bitcoin. The government will only accept their own currency and bitcoin will surely destroy the whole nation's economic system. If the people use bitcoin, they will know how to avoid paying tax

Governments are not so sincere with us. All the money grabbed from us in the name of national taxes is not used on us. Besides there are already many people who are not paying taxes in the developing countries especially. Only the common people are bound to pay taxes, so for them bitcoin is a big relief.

[CROYA86]

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 bitcoins can somehow improve the economy that is why there are accepting it. The value of it rises that makes their money grow and makes that ones who accepting that have their investment grow to because of those consumers who pay them bitcoins. And with their money growing can cause their business to grow to and that helps our economy to rise and to be rich too because of bitcoins it is like a give and take process to everyone.

Really right now it is indeed profitable business by using bitcoin as a means of payment, of course will get big advantage, if we can take advantage of business like this, can get two profit at once, profit from sale and profit from from bitcoin sale value or difference of currency price

[The_prodigy]

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 in a way yes, as a country that has BTC in its economy can attract nerw investors as it presents a new opportunity and a chance for them to explore the open market. However. I think it is very imperative that before a country delves into BTC as a part of their economy that they be equipped with the right tools and technologies so that it can be sustainable and not just for the immediate present and would be help their economy grow economy grow greatly.

[FlightyPouch]

Yes, but it depends on how people are using the bitcoin in their country.

It helps the economy of one's country. It gives an external income the people and make the income of the country increase. But as you've said, I think it still depends because there are a lot of people who just save them and so not really use them waiting for a good price to sell theirs.

[nowlscor18]

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 bitcoin will be legalized if a country really can see the benefits of it. Bitcoin can improve a country's economy? Yes it is true if they use it to invest outside their country and then the country gets foreign exchange. Cmiw

Your rigth it really does improve the countries economy. Emagine if a lot of people will into bitcoin, many of us will earn money, they maybe unemployed but the fact that they are earning they can somehow improve the countries economy compare to being unemployed with no source of any income at all.

[Rose119]

Yes, but it depends on how people are using the bitcoin in their country.

It helps the economy of one's country. It gives an external income the people and make the income of the country increase. But as you've said, I think it still depends because there are a lot of people who just save them and so not really use them waiting for a good price to sell theirs.

Yeah it really depends on that person , but i think it can improve for the economy because you can cash out the money and that money is coming into our country, we are just like an OFW ,because we are the one of the people who make money entry in our country.

[youdacapt]

Yes, but it depends on how people are using the bitcoin in their country.

It helps the economy of one's country. It gives an external income the people and make the income of the country increase. But as you've said, I think it still depends because there are a lot of people who just save them and so not really use them waiting for a good price to sell theirs.

Yeah it really depends on that person , but i think it can improve for the economy because you can cash out the money and that money is coming into our country, we are just like an OFW ,because we are the one of the people who make money entry in our country.

Bitcoin is able to attract a lot of income from the tax sector and act as a remarkable foreign exchange if bitcoin is considered a legal tender that will absorb more state revenues, a problem that is feared will degrade people's interest in fiat so bitcoin should be wisely regulated in order to remain stable.

[uelque]

I guess it can, if a country accepted bitcoin as their virtual currency and if bitcoin lessen the count of indigent people in a certain country, the quality of the certain country will increase and can consider themselves as a growing economy. So it possible for bitcoin to improve one's economy.

[Palmerson]

I guess it can, if a country accepted bitcoin as their virtual currency and if bitcoin lessen the count of indigent people in a certain country, the quality of the certain country will increase and can consider themselves as a growing economy. So it possible for bitcoin to improve one's economy.

Economic growth may stimulate only a Fiat. The money will contribute to the development of the real sector of the economy. Bitcoin can just stimulate demand for some products. If they are imported then it can not influence the economy.

[Hipster999]

No, bitcoin is a currency or an investment that will simply replace some of the usual money, but it will not change the development of the country's economy.

[stompix]

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 bitcoin will be legalized if a country really can see the benefits of it. Bitcoin can improve a country's economy? Yes it is true if they use it to invest outside their country and then the country gets foreign exchange. Cmiw

Your rigth it really does improve the countries economy. Emagine if a lot of people will into bitcoin, many of us will earn money, they maybe unemployed but the fact that they are earning they can somehow improve the countries economy compare to being unemployed with no source of any income at all.

You realize that you are actually thinking of a money printing machine here?
And this is what put us into a lot of trouble no less than a decade ago.
Money made out of thin air will just build a dream that will crumble in an instant.

Treating BTC like fiat or a never ending gold mine is hilarious.

[Chiyoko]

I guess it can, if a country accepted bitcoin as their virtual currency and if bitcoin lessen the count of indigent people in a certain country, the quality of the certain country will increase and can consider themselves as a growing economy. So it possible for bitcoin to improve one's economy.

For me of course bitcoin can do that, if you have a lot of bitcoin and change it into a real money, it can help the economy of my country Because I can enter money in our country by bitcoin.  So i guess it can improve the economy of my country.

[iMark]

I guess it can, if a country accepted bitcoin as their virtual currency and if bitcoin lessen the count of indigent people in a certain country, the quality of the certain country will increase and can consider themselves as a growing economy. So it possible for bitcoin to improve one's economy.

Economic growth may stimulate only a Fiat. The money will contribute to the development of the real sector of the economy. Bitcoin can just stimulate demand for some products. If they are imported then it can not influence the economy.

Many people think that the economic changes in someone in a country that gets better because of profit from bitcoin then affect the economy of their country? What do you think with that opinion?
Many opinions that if the citizen economy improves then it will make the country's economy also improve?

[calandra78]

I think this has been asked a lot by other and I think the answer would be the same which is really "it depends." Depends on the people who use it and how they use it. If you are thinking it would improve places where internet and smartphones can be used, then tough luck it will most likely change it for the worse.

I think also that way, because the rising or low economy of a country that depends on the setting of a country itself. but I think the bitcoin can never help the economy in a country because the economy of the country occur due to several factors. but the bitcoin will could help individuals that exist in each country. using bitcoin it then it will really help them by reducing unemployment and bitcoin can be recognized.

[cubevtc]

can improve economy iff many people off country come and exchange btc snd come money in country but need used more the 10% off people country for that improve off economy