Can bitcoin improve the economy of a country?

[denny27]

Of course it can, because basically bitcoin can indeed be used as a livelihood / a job for the community that can push financial side and can reduce unemployment & poverty in a country. If the government on country can offset used bitcoin, of course the country will looks more advanced, more modern to follow the development of the era and it can improve the country's economy.

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[Sled]

Of course it can, because basically bitcoin can indeed be used as a livelihood / a job for the community that can push financial side and can reduce unemployment & poverty in a country. If the government on country can offset used bitcoin, of course the country will looks more advanced, more modern to follow the development of the era and it can improve the country's economy.

Bitcoin can really help the people who doesn't have a job and reduced the unemployment rate on their country and if people are not poor and if they have money to buy things that they need or buy things that they want then the country or the government of that country will earn profit because of the taxes from the things that the people used to buy and that will boost the status of the country's economy.

[BartS]

Until now I've never heard that there are countries that help the economy because bitcoin, if it can make someone rich maybe yes, but that does not mean help nationally.

The national economy of each country is made of individuals so while an individual getting rich may not seem like a great help to the economy the truth is that is good for it, even if the big indicators are not going to move an inch because of that, if enough individuals went through the same then the economy as a while of the country will improve, besides when you spend money you stimulate your economy because every dollar that you spend and that you got from bitcoin is a dollar that is entering the economy for the first time.

[Sohailul]

Of course, bitcoin can improve the economy of a country. If a country's many people work with bitcoin. So they can earn thousands of dollar equal of bitcoin. When they withraw this money. Then this money first go to their country bank. This types bitcoin can improve the economy of a country.

[jostorres]

The answer of course can be, this is very depend on the state policy, if country want to arrange specially bitcoin for example tax rules, it is certain that bitcoin can improve state economy.

I don’t think so it is going to make any changes in economy indirectly, indeed bitcoins are already improving economy of the country directly by providing jobs to many. People are setting up businesses by profits they have made with bitcoins. In short, bitcoins can make a significant difference in the economy of a state.

[Fatanut]

Bitcoin can not improve the economy of the country. This requires the actions of the authorities aimed at improving the economic situation in the country, and not the use of any currency.

Bitcoins are not just currency; they are mode of investments and earning as well. Bitcoins indeed all alone cannot improve the economy of a state until and unless government is not actively working to provide people with jobs. Up to some extent, bitcoins can improve economy but not too much.

Bitcoin can surely improve the economy of a country. I think Bitcoin has very good potential of helping the individuals to improve their life and also earn a good amount of money. I think it is now in the hands of Government like how they will take up this thing and whether they will do any positive steps in order to promote this Bitcoin or not.

How can bitcoin improve the economy of one country mean while their government never approve this thing? It id hard to say when you do not need to pay any taxes bit you can afford everything? Does government want to take this as mass killing machine? People can buy everything with their coin earned through bitcoin and everyonr accept that? For us it will be a good thing but how about the government?

It doesn't really matter if the government accepts or approves bitcoin or not. If people are earning bitcoin, they don't have to rely on the jobs offered by their government. They can simply remain unemployed yet earning actual money. That opens up job offers to other people. It gives other people a chance to have a work. Meaning, the supply for employees decreases while the demand for them has not changed at all.

The more bitcoin earned by the people of your country, then more money is coming in your country. That means the economy is improving. The economy isn't really determined individually, but collectively these individuals are improving the economy of the country.

By the way, how is it a good thing for us but not for the government? Regardless of which currency are you earning, you are helping the economy of your country. If you think that because you are earning bitcoins and not local currency means that you are causing distress to the government, then every single people that works abroad should be causing the same thing to the government. Clearly that is not the case.

[geegaw]

Of course it can, because basically bitcoin can indeed be used as a livelihood / a job for the community that can push financial side and can reduce unemployment & poverty in a country. If the government on country can offset used bitcoin, of course the country will looks more advanced, more modern to follow the development of the era and it can improve the country's economy.

Bitcoin can really help the people who doesn't have a job and reduced the unemployment rate on their country and if people are not poor and if they have money to buy things that they need or buy things that they want then the country or the government of that country will earn profit because of the taxes from the things that the people used to buy and that will boost the status of the country's economy.

Well, Bitcoin will definitely can improve the economy of a country, but the important thing is that the government of that country can manage Bitcoin and people can work hard to earn Bitcoin. However, I think this would be very unlikely to happen because not everyone can successfully make money with bitcoin, most people are depressed and not enough patience after a period of work, in addition, the government will face many problems such as money laundering and corruption when the government accepts bitcoin, the government wants to solve this problem, really not a simple thing

[Vinalians]

well maybe it can just avoid the poverty what i mean is to prevent poverty there are so many countries today that are in a poverty and their economy is like hell , so for me bitcoin can improve the poverty of the country.

[rababo]

I think yes it can, in my hometown that the inhabitants are mostly the poor, and I tell about bitcoin to them after they know bitcoin, their lives are now better and I am a very happy because I can improve the economy in my hometown.

[hangar18]

I think it is. Bitcoin can improve the economy of a country. Many people are now getting interested to the bitcoin because they became ware that the bitcoin is now very valuable.

Yes it is true, and the key is the government, everything must be clear rules, it is time the government made a special regulation about bitcoin so bitcoin can be useful to improve the welfare of the state.

high bitcoin prices and if in that country many users of this btc will obviously make the country start will change. we see now the country that has allowed btc. like in japan or russia

To be honest, after Japan accept Bitcoin is legal in their country, the volume trading Bitcoin has increased. But it only on the trading market, not have many people use Bitcoin to purchase daily need like the hope of the Japanese government before accept it

[deisik]

By the way, how is it a good thing for us but not for the government? Regardless of which currency are you earning, you are helping the economy of your country. If you think that because you are earning bitcoins and not local currency means that you are causing distress to the government, then every single people that works abroad should be causing the same thing to the government. Clearly that is not the case.

In fact, that remains to be seen

These people may not of course cause distress or harm to their national government but they are nevertheless increasing the wealth of the nation of their residence (i.e. where they work). Indeed, if they spend their foreign earnings at home, this is a good thing since their purchases raise the demand for domestic goods (i.e. more production is warranted), but other than that, there is little to no advantage for your home country if you work abroad. The wealth of a nation is made of goods produced and services rendered domestically

[Eminem23]

I think that bitcoin can not improve the economy of any country.At least for now.Just more and more people in the world are beginning to use bitcoin.

[Smarty14392]

Bitcoin can improve the economy of a country in many ways. Its firstly helping to decrease the number of unemployed people because it give so many people their opportunities to earning money online, also this will help to fight the poverty and increase the economy. Also bitcoin can help to motivate more people to start new projects based to the blockchain technology.

Yes, it can, and in a very big way. It changed the economy of a country. If the people will focus on investing into and making much profits and selling off, I believe much money will be getting into the country. Entrepreneurs and traders are part of what build the economy of a country. I know it’s much more than that, but they’re part of it.

You are wrong. Dont you think that the government will ban bitcoin? They want to collect tax while using bitcoin gives people a chance to avoid it. And without tax, a country can not improve at all. And I think that bitcoin can only give money to some individuals, it can never make the whole country better

I think it can change the financial position of a country. Because if the government allows the people to deal in bitcoin freely, people will invest in bitcoin and as the past shows the price is growing more and more people will earn money and they will be prosperous.

The burden on the government of unemployment will reduce. The inflation rates will be reducing and many other advantages the government should take.

[barbara44]

Here in my country, I do not really think that bitcoin will improve our economy, Because first thing is that it is not acceptable to any bank and as of now there is no way that companies here will appreciate the value of bitcoins because they only focus on real cash.

I don’t agree with you. Only law and politics can never improve the economy of a country. How it can be possible. If the people have no opportunities to financially improve their live standards then politicians can do nothing.

We know that the politicians have just the source of spending the natural resources of the country. At least I can never expect anything good from the politicians of my country.

[Charot12345]

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 can improve the country’s economy. Because there’ so many people using bitcoin and the money they got is big and it is added to the money that are circulating in a country. And also the people are accepting payment completely from their work through internet and the transaction is free without tax or anything. Though it can affect other business it will still improve the economy.

[777Bitcoin]

I think that bitcoin can not improve the economy of any country.At least for now.Just more and more people in the world are beginning to use bitcoin.

I don't think your correct at it, why Japan legalized bitcoin, because for no reason?. They recognized it because bitcoin is good to they're people and to they're economy. It might not a big as other investments in that country. Even a single centavos can make a difference in each country's economy. But in my country even if it is not yet legal I know and I feel, as it gives work to many unemployed person it helped our economy to improved gradually.

[resty]

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?

Maybe, because every country have their own policy about economy and it has real currency ob course  literal using by hand, but if the whole world being unite by using bitcoin together with the approval of all leaders and coordination ob course of founders and donators of bitcoin may be it's possible.

[pugman]

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?

Of one country and a rather smaller one,probably yes. Not more than that and the reason is most of countries don't like the idea of bitcoin and you can understand with China's recent activities but  still some state they are rumors and some state they are true,so sometimes its hard to believe things on the internet. And improving a country's economy would be a massive task and bitcoin is volatile man,countries cannot afford that by any chance.

[Bitcoin_Delivery]

certain! if one of those countries has implemented bitcoin as a legal means of payment then I can predict the economic development of the country will progress rather than the state that does not allow bitcoin

[dynospytan]

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 can change slightly the economy of a specific country. Yes many people get money from bitcoin even they don't find a job because they can easily earn the money from bitcoin. But to change the economic status of a country it must have a lot of job, resources and investors.