Can bitcoin improve the economy of a country?

[joan26]

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 improve economy.
Why??
Because bitcoin can improve every one in us, can also improve our lives. And not just one but in many ways it helps us who know and uses it. Right?

[Johndamba21]

I'm totally sure bitcoin can improve the economy of a country, a prime example is Japan with its value steadily increasing, integration would be the only process for improvement to happen

[Ajinomoto40]

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 depends on how bitcoin is being used within a country. If people will use it in some illegal stuffs, the economy will not get better for sure with the help of bitcoin. If bitcoin will make many people rich, it will surely help them on being financially able leading for them to buy all the things they want which is taxed by the government and that's how I think it helps the economy.

[removebeforeflight]

I'm totally sure bitcoin can improve the economy of a country, a prime example is Japan with its value steadily increasing, integration would be the only process for improvement to happen

Perfect example. Yes, bitcoin would definitely improve economy of a country. The problem with the government and banks not allowing bitcoin in some countries is due to their control and administration would be impacted. However, the the true thing is bitcoin will definitely improve a country's economy.

[haster100]

bitcoin has changed the economy in my village, as well as my friends who are in other cities, their economy is getting better after getting to know bitcoin. viewed from the number of users, very likely bitcoin improve the economy of a country.

[Yakult]

Bitcoin will only improve the economy if it is being accepted as a payment in most of the marketplace and even with the small scale business.

[Naficopa]

Yes, definitely bitcoin can play a substantial role in changing the economy especially when its use becomes legitimate. Legitimate, in a sense that, there is recognition in every State of every government body honoring its existence. If it happens, it can pressure everyone in the banking industry to bring down costs for banking transactions in order to stay competitive.

I don't think so, bitcoin can improve the financial status of its user but not the economy in general. Other country banned bitcoin because they can't impose taxes from it. So, how can it improve the economy of one country. Then, it should be legalized world wide to help the economy of every country.

Bitcoin can improve the economy, but it does not have to. If it's used for criminal purposes, it's not. Besides, the consumption itself does not develop the economy without investment. Improve the status of the individual and not the country.

[kiloiko]

Yes it can improve the economy of the country imagine that all the people on thar country is using bitcoin.

The economy of the country relies hugely upon the number of its individuals who are doing some sort of job or not. Though bitcoin still has to be discovered by a large percentage of world population but those who are aware of this currency and are earning in it, definitely have a positive effect on the economy of their respective country. Bitcoin is a great way of making money for those who are ambitious to live an independent life.

[peterpeterpeter]

I think yes..
Well some countries were dont know the benefits of bitcoin to their economy but there are big impacts to them.
If the users of btc get their cash outs from crypto and converted it to their currency..
And spend it for personal needs so that thing is also helping their economy because of the tax that payed for them is from bitcoin industry.

[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, bitcoin can improve economy.
Why??
Because bitcoin can improve every one in us, can also improve our lives. And not just one but in many ways it helps us who know and uses it. Right?

if the number of bitcoin users in a country is large enough or it could be said at least 70% of the total population of the country are working in bitcoin. it can be said that the country's economy is getting better. but in fact in some countries bitcoin users are still very little. although it provides a wealthier and financially better for that users. it is not very influential for the country's economy..

[Paycoinzzz]

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 improve economy.
Why??
Because bitcoin can improve every one in us, can also improve our lives. And not just one but in many ways it helps us who know and uses it. Right?

It will be right if the Bitcoin users are ready to pay the government tax.
Without tax, the country's economy never has any benefit and grow more.
So, I do not think Bitcoin can improve the world's economy at moment, it is the truth.

[pisston]

Yes it can improve the economy of the country imagine that all the people on thar country is using bitcoin.

The economy of the country relies hugely upon the number of its individuals who are doing some sort of job or not. Though bitcoin still has to be discovered by a large percentage of world population but those who are aware of this currency and are earning in it, definitely have a positive effect on the economy of their respective country. Bitcoin is a great way of making money for those who are ambitious to live an independent life.

you said the right thing about Independence, but it has nothing to do with the fact that the crypto currency can help the economy of the country. In fact, if a person works with a crypto currency, in any case he leaves and evades tax payment, And thus the country's economy may suffer.

[donalfonso]

I think there are pros and cons to this question, bitcoin can help the economy of a country grow since its a means to generate wealth for citizens, empower people etc etc. but it becomes a problem when you have too much money in a system which is outside the control of the government.

[Tungsten-1]

I'm totally sure bitcoin can improve the economy of a country, a prime example is Japan with its value steadily increasing, integration would be the only process for improvement to happen

Perfect example. Yes, bitcoin would definitely improve economy of a country. The problem with the government and banks not allowing bitcoin in some countries is due to their control and administration would be impacted. However, the the true thing is bitcoin will definitely improve a country's economy.

See this is the drastic change that bitcoins are just bringing out in the society now a days. People are talking about it and then they successfully make themselves to buy bitcoins. The economy is just dependent on the individuals of the country. As this is the most important factor that bitcoins are arising now, they must be called as the accelerators of economic status of country.

[bitzizzix]

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?

This seems to be the demands of the times because in addition to bitcoin users in the country a lot, there are also because many other countries already use otherwise it will be left behind, when compared with other countries

It's true that almost all countries use bitcoin and know bitcoin and some countries are not familiar with bitcoin, but I think over time and the development of bitcoin all countries will know it and use it for no reason. because bitcoin can help the economy of the country especially the people and that too some who only use bitcoin and who have technological tools to access bitcoin.

[iolite]

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?

very hard to saw how bitcoin alone can improve economy of a country, it's beyond just bitcoin alone ...

[nasekguring]

Since exchanges are in that country and they interchange monies it will eventually influence that economy because there will be foreign influx from wallets all over the world for them to cash out in their local currency thereby influencing it.

[jrrsparkles]

I'm totally sure bitcoin can improve the economy of a country, a prime example is Japan with its value steadily increasing, integration would be the only process for improvement to happen

Yes, definitely it changes a lot of people life in short period and if it is legalized in all countries in the world it is very helpful for the development of world economic and it is very encouraging factor for new economic world .

[Rhaizan]

Im sure that bitcoin can improve the economy of a country, it is all starts with small and it continues to grow bigger.so if bitcoin improve one person im pretty sure that it can also improve an economy.

[biskitop]

It could be as long as the government recognizes bitcoin and imposes taxes for bitcoin. The state will certainly get the proceeds from the bitcoin tax. Just imagine if for example a country, bitcoin users reach 50%, and taxes from bitcoin will benefit the country.