Can bitcoin improve the economy of a country?

[kolbalish]

yes,Bitcoin can this.Bitcoin is online based business. Bitcoin helps us to do work in online and earn money in online by our work.It a best platform to invest and earn money.So, we can say that Bitcoin can improve the economy of a country.

[Pompa]

Yes of course they can help many people to earn money in online and they  work in online to make money in bitcoin so we can improve our economy in our country so that why many people they help them in way of bitcoin

[hahay]

Bitcoin in my eyes can greatly help the country's economy, because in the presence of bitcoin, unemployed people will be able to earning very well from bitcoin. why I say it very well, because the bitcoin value is so high, so the people who convert their bitcoin into fiat money, then they will get a very large earning of bitcoin. This is one to improve the economy of a country.

[prehisto]

Very interesting thread!
I can see 2 ways how BTC can help economy.

1) Bring stability and electronic payments to countries which has high inflation and dont has the grid for electronic payments but has internet and mobile phones.

2) For developed countries btc can bring new technologies and companies thus innovation and new work spaces with jobs.

[Nana21]

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.

[BitcoinPanther]

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.

Aside from that it is also one good source of income to freelancers, if a community get the benefits of being a freelancer, I think it will help that community's economy.  They have money to buy stuff, invest to stuff and so on.  I believe in collective approach, it can improve the economy of a country.

[laguseklik]

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.

Aside from that it is also one good source of income to freelancers, if a community get the benefits of being a freelancer, I think it will help that community's economy.  They have money to buy stuff, invest to stuff and so on.  I believe in collective approach, it can improve the economy of a country.

agreed! people have the opportunity to earn more through bitcoin, so it's natural that their purchasing power increased and can affect the macro economy

[Hotrod_88]

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?

For me bitcoins can improve the economy of one country by means of lessening the poverty because bitcoins can helps to lessen the unemployed because when those unemployed go to bitcoins wven if they do not have jobs bitcoins can provide them an income. And if that happens the total economy will grow and poverty will be lessen so and so as crime rate because they do not need to commit crime because bitcoins are much easier to do than that. So that country will rise. That is one of the things that bitcoins can benefits to us.

[pelipurlara]

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?

technology is getting ahead, now has started the era of digital money, and bitcoin one of the most widely used digital currencies, which also can improve the economy of a country bitcoin users

[newbie-hero]

Unfortunately, central banks of many countries won't want to deal with Bitcoin, as cryptocurrency won't bring them any profit.
However, BTC can positively influence the economical situation as it provides the regulation of investments.

[Matimtim]

Yes! Bitcoin can improve the economy of a particular country because if there are many bitcoin user in that country we can't say that there are many unemployed person or we can say that there are a few people has suffering of unemployment because most of them has a good income and has the capability to support their selves.

[Naoko]

I think yes. Bitcoin can improve a country's economy because as many people belongs to one country uses bitcoin, there are a lot of money can be generated through bitcoin  that will get into the economic sector to rise up the funds that is getting into it. Since bitcoin was a good form of investment, I bet that it can really make improvement on the economy of a country.

[paranormall]

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?

everything can be in our time, but this is not a fact of course. This should be done well)) If people work on the Internet. can help the economy)) So everything can be, and if there is, it will be good, this is good money

[Jovl]

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 must agree. The people who are earnings through bitcoin may use their converted fiat from crypto to buy their necesities and some of their wants in the stores who are registered and wil pay taxes. The higher the income of a business the higher its taxes.the economy will also grow its income at the same time.

[Harrisonimo]

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, bitcoin can help improve a country's economy. When the rate of unemployment is being reduced with people now making earnings from proceeds of bitcoin, it will invariably alleviate poverty and unemployment of the nation. If a man is being able to fend for his home and even reach out help conveniently to relatives then we are talking of a proportional stabilized GDP. This with other investment companies can crop up to boost the economy of the nation.

[poldanmig]

Indeed, ofcourse. Bitcoin can definitely improve the economic climate of a nation because of this cause. Due to bitcoin you are able to transfer a cash into our nation which way may affect the cost of our nearby cash because the supply of our cash will increase.

it is now proven that bitcoin has changed the economy in a country. but sometimes there are also countries that prohibit the bitcoin to circulate. so it takes quite a while for other countries to trust bitcoin.

[elkafee79]

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 think so. bitcoin demand in country alot. and it will improve economic in your country use bitcoin as virtual coin

[Redanim]

What is the main problem of the economy based on the deflationary currency? Stagnation. Roughly speaking, constantly growing exchange rate encourages people not to spend money, but to accumulate them. In addition, ability for profit from simple savings saves people from needs to produce goods and services. As a result, a severe crisis of the entire economy is obtained, because society can not live in prosperity when no one does anything. That means economy in any country can die.

[oegarod]

Indeed, ofcourse. Bitcoin can definitely improve the economic climate of a nation because of this cause. Due to bitcoin you are able to transfer a cash into our nation which way may affect the cost of our nearby cash because the supply of our cash will increase.

it is now proven that bitcoin has changed the economy in a country. but sometimes there are also countries that prohibit the bitcoin to circulate. so it takes quite a while for other countries to trust bitcoin.

With the bitcoin acceptance several countries have benefited and looking upon the growth experienced other countries too make plans of using bitcoin into their country. Surely it'll be helping in the growth of the country's economy. Maybe it takes time but it provides promised growth in the economic situation of the country.

[Mr.grin]

Indeed, ofcourse. Bitcoin can definitely improve the economic climate of a nation because of this cause. Due to bitcoin you are able to transfer a cash into our nation which way may affect the cost of our nearby cash because the supply of our cash will increase.

it is now proven that bitcoin has changed the economy in a country. but sometimes there are also countries that prohibit the bitcoin to circulate. so it takes quite a while for other countries to trust bitcoin.

With the bitcoin acceptance several countries have benefited and looking upon the growth experienced other countries too make plans of using bitcoin into their country. Surely it'll be helping in the growth of the country's economy. Maybe it takes time but it provides promised growth in the economic situation of the country.

I do not think it's that easy. sometimes the fee from a bitcoin transaction can not enter the typical money of a country. and I think the fee from the transaction cuts becomes very important for a country. unless the country finds a way out of this, and it can all be fixed even though I also feel that it will not be fast.