Can bitcoin improve the economy of a country?

[reynilynedago]

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 but not totally all maybe bitcoin is the only way to reduced a poverty to some country and to uprade some country this bitcoin is giving a hope for us because it can give a good money to buy and to sustain oyr daily needs.

[siegerhyme]

If and when bitcoin is a preferred trading crytocurrency in any country, it can improve the growth of the economy vastly in comparison to fiat trade.

[Creating N Action]

Yes, bitcoin improve the economy of a country because it gives financial support to the people under their country. It is important because it is one that reduce the unemployment of each countries. We all know that in our country has some people who finished their study but dont have own works cause by addiction in computers games. Somebody becomes lazy because of the computer games and it is the one to fail the future of each other and also the economy. Much better if you work it on bitcioin with your gadgets to get more money through bitcoin and get a good investment.

[futuret]

The total amount you have to danger occasionally in oder t make a tiny revenue in trrding appears nearly useless. These days i only trade every so often after i believe i can produce a couple of satoshis. I have alreaedy lot too much in stupid trades to know when to quit.oa

Yes indeed there is no doubt that bitcoin is playing aver big role in the economy of many countries and in my country economy is not so good and a lot of people have left country and doing job abroad so in this kind of situation bitcoin paly a very big role because bitcoin is going to provide such a good opportunity for jobs such as you can invest here as well as you can start daily trade so there are a lot of people who are taking advantage of it and it change a life of people here.

[WannaCry]

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 not that much. Though it's providing high profit for each investment, our economy is not gaining anything from it since it's non taxable for now. However, the good thing about it is that it provides employment for those who needs a source of income. It is a big help in reducing the large number of unemployment which helps the economy.

[ionation]

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?

Economic of a country is actually depends on some facts, like no matter what other country's do but do your country's person accept Bitcoin as their payment method. So, I don't think so. The bitcoin can improve the economic position of an individual person, but not of the whole country. For now, it's badly pushing nation economic. Why? Simply if some people have bitcoin and they decide to spend it but very limited merchant which accept bitcoin, they will sell it and convert into fiat. Imagine that suddently people has $10K just like comes from the air.

[Bonakid]

I believe that bitcoin can improve the economy in terms in our currency it can be  a new high technology using digital currency .It has a big role in our life financially it can helps us and reduce poverty from our country if we work on bitcoin.It can change our life to free from financial crisis and those people who are unemployed will have a job.

[Flowzer]

I think bitcoin is able to improve a country's economy if people invest bitcoin. bitcoins provide a good income for them. investing bitcoin does not need some analysis like you are investing in forex. just need patience and wait for bitcoin prices to go up you will earn income. if you have a good income then the whole society will become rich and very likely a country will be a good economy because all people have become rich

[marcuslong]

I believe that bitcoin can improve the economy in terms in our currency it can be  a new high technology using digital currency .It has a big role in our life financially it can helps us and reduce poverty from our country if we work on bitcoin.It can change our life to free from financial crisis and those people who are unemployed will have a job.

Thats true bitcoin can improve economy not only that it can also helps people to earn money those job less like menwe are in now in new generation with high end technology when it comes those automatik gadgets and other thing. We can’t work with that unless those companies and local store will do something in also they will accept that in the future or it is around the corner.

[Gen iUs]

For me yes, bitcoin can improve the economy of a country because through bitcoin people can earn money and use it for improvement for the economy of the country, and of course its depend on people also, on how they improve it, and how fast.

[n0ne]

I believe that bitcoin can improve the economy in terms in our currency it can be  a new high technology using digital currency .It has a big role in our life financially it can helps us and reduce poverty from our country if we work on bitcoin.It can change our life to free from financial crisis and those people who are unemployed will have a job.

Thats true bitcoin can improve economy not only that it can also helps people to earn money those job less like menwe are in now in new generation with high end technology when it comes those automatik gadgets and other thing. We can’t work with that unless those companies and local store will do something in also they will accept that in the future or it is around the corner.

That's true, it contribute to the growth of the country's economy. Same is not gonna get the generation out of the unemployment, because whether we have got is an opportunity to earn ND and in future when more people starts using it we don't find it an way to earn. This will help in growth in a different form, but the same is not help in employment, it is expected that 80m job cuts will happen by 2025 due to increasing automation.

[javalemcgee]

I believe that bitcoin can improve the economy in terms in our currency it can be  a new high technology using digital currency .It has a big role in our life financially it can helps us and reduce poverty from our country if we work on bitcoin.It can change our life to free from financial crisis and those people who are unemployed will have a job.

Thats true bitcoin can improve economy not only that it can also helps people to earn money those job less like menwe are in now in new generation with high end technology when it comes those automatik gadgets and other thing. We can’t work with that unless those companies and local store will do something in also they will accept that in the future or it is around the corner.

That's true, it contribute to the growth of the country's economy. Same is not gonna get the generation out of the unemployment, because whether we have got is an opportunity to earn ND and in future when more people starts using it we don't find it an way to earn. This will help in growth in a different form, but the same is not help in employment, it is expected that 80m job cuts will happen by 2025 due to increasing automation.

I don't figure out that bitcoin can improve the economy of a country. Bitcoin is just a currency or asset for investment. Nothing more. It doesn't acting on the economies on the countries.

[MarkusIsaiah]

I think not that much because bitcoin is non-taxable and not handling of government but it will help to lessen the people who has no job to earned to provides good income to them to sustain their daily need until they found a job or they can full time this kind of work but they need to work hard to earned.

[Senja Kemuning]

Bitcoin has become a remarkable thing, many people have revealed that they benefit greatly because bitcoin, many of them become new rich people, if the country managed seriously I'm sure bitcoin could be more useful.

[Guzztsar]

I believe that bitcoin can improve the economy in terms in our currency it can be  a new high technology using digital currency .It has a big role in our life financially it can helps us and reduce poverty from our country if we work on bitcoin.It can change our life to free from financial crisis and those people who are unemployed will have a job.

Thats true bitcoin can improve economy not only that it can also helps people to earn money those job less like menwe are in now in new generation with high end technology when it comes those automatik gadgets and other thing. We can’t work with that unless those companies and local store will do something in also they will accept that in the future or it is around the corner.

Yeah, besides to help reduce the poverty among the population, blockchain technology could avoid a lot of corruption practices. Unfortunately, in some countries this is the reason that will leave them away from bitcoin and blockchain.

[intoy_victor]

Yes, but its depend on how users use there bitcoin in a good way. And maybe not because maybe they only use bitcoin in a dark side.
However bitcoin is really improve a country that is only needed like a poor or weak economy country. Other users they use it for there family financial and for they shelter too.
But in totally it could increase there demand. A country that has more users, the more users are getting improve there status life if in a good way.

[verygusmansyah]

Yes, bitcoin and other cryptos can improve the economy of a country, because they create economic activities and investment opportunities

[UltraMegaSick]

If is it mined by the free electricity of the goverment I don't see why not .. I just don't understand why govs didn't jump into it.

[dawer49]

I think yes. With holding bitcoins you can increase your earnings. Each year bitcoin value always growth up. If many people in country have bitcoins will increase their asset. Increased assets could lead to increased consumption in the country thus accelerating the country's economic growth. Thus, indirectly bitcoin can improve a country's economy.

[Snub]

I think that people can increase their living standards with the help of bitcoin...but I don't see how this will affect the economy of the country...except that the people will bring more to the treasury of the country