Can bitcoin improve the economy of a country?

[Isaacck]

Of course, it is. Bitcoin can improve the economy of one country. We know that bitcoin's value is so high, and simply, if you have a high currency on your country, you may buy anything what the country need. Just simple as that. It can also improve the economy by having an individual a chance to earn bitcoin and resulting on GNP. To increase the country's economy.

[seattletu]

Of course, it is. Bitcoin can improve the economy of one country. We know that bitcoin's value is so high, and simply, if you have a high currency on your country, you may buy anything what the country need. Just simple as that. It can also improve the economy by having an individual a chance to earn bitcoin and resulting on GNP. To increase the country's economy.

Obviously it can enhance economy of a nation. Advantage over different stages: This property of Bitcoins is massively useful to individuals who needs to purchase items without revealing the sum they have spent on it. (As bitcoin organize enables you to manage your arrangement of numbers so produced not the name or some other points of interest)

Open to All : Anyone with web association can get included with Bitcoin Network.

All points of interest identifying with the transactions are open and very clear to the clients , the clients simply needs to enter the sum they need to exchange and the product takes considerations of the mechanics included.

[Gaff]

Of course, it is. Bitcoin can improve the economy of one country. We know that bitcoin's value is so high, and simply, if you have a high currency on your country, you may buy anything what the country need. Just simple as that. It can also improve the economy by having an individual a chance to earn bitcoin and resulting on GNP. To increase the country's economy.

Obviously it can enhance economy of a nation. Advantage over different stages: This property of Bitcoins is massively useful to individuals who needs to purchase items without revealing the sum they have spent on it. (As bitcoin organize enables you to manage your arrangement of numbers so produced not the name or some other points of interest)

Open to All : Anyone with web association can get included with Bitcoin Network.

All points of interest identifying with the transactions are open and very clear to the clients , the clients simply needs to enter the sum they need to exchange and the product takes considerations of the mechanics included.

Of course it can because my country is slowly having nice experience with bitcoin right now and soon it will grow the business trade in every company that is link to bitcoin. If you know food chains from different countries, they are already investing in bitcoin or else trading with the micro system of economy. We can't stop the evolution of bitcoin's status and could really make a wonderful living and source on a daily basis of getting extra income. The amount will help others through charities or fund raising.

[Flodemaga]

Sure it can lets take a look into Japan since they legalized bitcoin im pretty sure several services and companies borned and are already supporting and offering services with bitcoin, this generates more jobs and make money to circulate, soo in the end the economy of the country should raise. Imagine Greece if they started to use bitcoin and accepting it would let them to run away from the financial problems they faced and keep facing, atleast im sure bitcoin opportunities can handle the most problem of them, allowing them to get some online income.

[richardfisk]

Of course, it is. Bitcoin can improve the economy of one country. We know that bitcoin's value is so high, and simply, if you have a high currency on your country, you may buy anything what the country need. Just simple as that. It can also improve the economy by having an individual a chance to earn bitcoin and resulting on GNP. To increase the country's economy.

No, it is not. the situation of a country depends on the people and the government. And as you can see, most of the government does not like bitcoin. Even some coutries try to add bitcoin to their payment system, they do not really understand what bitcoin is and what we can do with bitcoin. Moreover, nations only want to use their currency, not a digital currency which was created by an anonymous guy with a Japanese name

[BeGoods]

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 it is possible that bitcoin can improve the economy of a country, you just have to look at some countries that are financial hubs, those countries enjoy great prosperity because they manage a lot of money, if a country becomes a bitcoin financial hub then the prosperity for that country will be enormous since there is a big chance that an important part of the economy is going to move through bitcoin.

what about the side effects that will occur in the country if they use and legalize bitcoin? of course there is always punishment when a country legalizes bitcoin in their country, of course everyone has seen the negative side of bitcoin, if bitcoin is really legalized there is certainly little problem with the amount of financial crime that will increase

[coinplus]

Sure it can lets take a look into Japan since they legalized bitcoin im pretty sure several services and companies borned and are already supporting and offering services with bitcoin, this generates more jobs and make money to circulate, soo in the end the economy of the country should raise. Imagine Greece if they started to use bitcoin and accepting it would let them to run away from the financial problems they faced and keep facing, atleast im sure bitcoin opportunities can handle the most problem of them, allowing them to get some online income.

Who told you that? Or you just guess that Japan is better than every other country, that’s  a Big lie. The government doesn’t need to legalize  bitcoin in anyway to make it useful,  or maybe make the people get rich,  nope. You only get rich if you can invest your time into it and hustle real hard.

In some countries, the government is less concerned about bitcoin, because they’ve  got more important things to do, and in that case the people has freedom to use it without the government interference .

[marjoree]

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?

Its Because bitcoin is handy than any other. A lot of transactions are made just by sitting in front of your computer. You can also invest and more of earn money. It will then reduce unemployement. So that means economic rate will rise up

[entrepmind23]

I think that Bitcoin could really improve the economy of a country. But it depends on how government people or politicians would handle this kind of business very well. If they would just use their power and connections just for the sake of them being rich then I would say it would not make our economy improve because they would just improve theirselves. But if they would handle it like they really wanted to end world poverty and be sincere about helping people and the economy of the community then I guess I would have to say it's really a miracle who would ever be a government politician would be that kind of people.

Yes I agree. Bitcoin can help the economy if this will be use properly by those people who are in power. There's no use if they will just kept rejecting it because their countrymen will just conclude that it is not good to use that kind of coin and they are also the one who control the mainstream media which has a big impact in persuading the majority to use or not use something. Maybe in their own little way, bitcoin users can help the economy by converting it to fiat since there is still a limitation of where to spend the coins and then buy something thus helping the businesses earn and the people who work for them as well.

Maybe those bitcoin investors who have earn large sums of money would consider making a company related to cryptocurrencies and then hire people. This way they already have contributed to the growth of the economy by reducing unemployment.

[WinBeast]

Countries are accepting Bitcoin because they recognize the merit behind it and they'd rather be on the forefront of innovation than being disrupted by it.

[millgates]

Of course, it is. Bitcoin can improve the economy of one country. We know that bitcoin's value is so high, and simply, if you have a high currency on your country, you may buy anything what the country need. Just simple as that. It can also improve the economy by having an individual a chance to earn bitcoin and resulting on GNP. To increase the country's economy.

Bitcoin is such as an economy driver, so many bitcoin-realated companies were created, bitcoin also offer lower transactions fee and barrier for export sector. So bitcoin has been give positive impact for economy of the 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?

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.

actually I have never seen a state legalize bitcoin and published it directly. and until now I also do not know which countries receive and legalize bitcoin. I know bitcoin can provide a better economy for a person but that does not mean the idea is generalized into a country because surely there must be a negative side effect to the government itself from a bitcoin legalization

[splendor23]

I think no. because it is available for online people and they are less than the people who do not know about bitcoin.

[mornabo]

Of course, it is. Bitcoin can improve the economy of one country. We know that bitcoin's value is so high, and simply, if you have a high currency on your country, you may buy anything what the country need. Just simple as that. It can also improve the economy by having an individual a chance to earn bitcoin and resulting on GNP. To increase the country's economy.

Bitcoin is such as an economy driver, so many bitcoin-realated companies were created, bitcoin also offer lower transactions fee and barrier for export sector. So bitcoin has been give positive impact for economy of the country.

for financial problems bitcoin helps for financial users and it also gives impact to the country's economy. but bitcoin does not have much effect on the economy of the country, because the number of users is also still small

[Carlsen]

Every business improves the economy of a country, bitcoin businesses are no exception from that.
The larger the volume of sales, the bigger is the effect on the economy.
I think most effictive for an economy are the exchanges.
They have the biggest amount of money that passes through them.

[Pasabm]

I think for now it's impossible, especially now in my country bitcoin and other digital currencies are not considered valid currency or payment instruments. Although until now it has not been considered a legitimate currency in any country and is not guaranteed by any institution, Bitcoin is still attracts a lot of people, because now bitcoin price is high. Except if the entire population in the country uses bitcoin, there is the possibility of bitcoin can improve the country's economy.

[rhamzter]

Every business improves the economy of a country, bitcoin businesses are no exception from that.
The larger the volume of sales, the bigger is the effect on the economy.
I think most effictive for an economy are the exchanges.
They have the biggest amount of money that passes through them.

In our country more people change their lives thru help of bitcoin, that's why I always heard about bitcoin in my environment. I truly believe that bitcoin help to improve us to improve the economy of different country. Because more jobless people were got work thru help of bitcoin.

[deejhay]

Improving countries economy depends on government and people not in bitcoin. Bitcoin is just another form of currency and like other currency may it be gold, fiat or crypto, its useless in improving country economy if the government cant come up with projects to better their country.

[Sled]

Improving countries economy depends on government and people not in bitcoin. Bitcoin is just another form of currency and like other currency may it be gold, fiat or crypto, its useless in improving country economy if the government cant come up with projects to better their country.

The basis of being successful in economy of a country is depending on their income and if their countrymen are always doing good in using their money or if they are receiving a lot of money from their countrymen then it will be a huge affect for the economy of the country and they will surely improve their economy in a short time period.

[Coffee135]

I believe it can. Perhaps more precisely citizens who use bitcoin, because they have opportunity to earn more income. Which certainly has an effect on condition of contrys economy better. Welfare charts growing and people's purchasing power is increasing by reason of income earned from bitcoin.

The ability to earn more income is not necessarily linked to the usage of Bitcoin. Bitcoin just facilitates trade. Thinking of the current high transaction fees, Bitcoin's utility even in that aspect has come down.

Bitcoin is very conservative. Those who influence the decision do not understand that bitcoin is no longer a monopoly. You need to make timely changes, but not as is done now. Every fork fever bitcoin market during the month. Money likes silence. Agreed, explained and made it so that people only saw improvements. But we do not see.