Can bitcoin improve the economy of a country?

[cizatext]

Development is any thing that can influence the life of an individual or communities positively, and bitcoin has done exactly that bitcoin has help to enhance the financial life of million of people all around the world and that is really impacting on our community people can now build houses and buy cars pay tuition fees all through the help of bitcoin and that is a great development to the community and the society in a whole.

[scorpionso]

I read a news that a gang busted on Bulgaria and the police took their BTC's which is enough to close highly percentage of Bulgaria's debt. this is the most tactually thing I have ever read about BTC advantage for countries

[FairWin.Tech]

Personally I think that Bitcoin is a new way of improving one`s welfare through the new economy, which makes our world truly modern and free. Maybe at present Bitcoin has limited applicatin but many people are working on it creating ideas that eventually will change the world.

[lmodric]

if in my opinion Bitcoin can indeed change the economy of a country and also decrease the poverty rate also the unemployment rate so that a country is advanced

[Jiddyyy]

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 it can, when people are engage in bitcoin it will be spread up to the government and they will possibly legalized it. When they legalized it they can get some taxes who are doing btc including the users as well as the investors. Which is helpful to the country since many programs and people will have benefits from the taxes. And then the economy will be possibly to improve and increase since the poverty rate will fall.

[lorigo]

yes if bitcoin is indeed accepted in a country it is a good thing because in every transaction it may be charged for state taxes if bitcoin users are more likely to help the country's economy

[Singbatak]

Improving our economy is very difficult, and I think it takes a lot of time to happen, using bitcoin can not be a key to a progressive economy but it can help make a difference right now. Eventually it will probably be one of the ways to improve our lives.

[Krillin61]

Improving our economy is very difficult, and I think it takes a lot of time to happen, using bitcoin can not be a key to a progressive economy but it can help make a difference right now. Eventually it will probably be one of the ways to improve our lives.

Indeed, improving the economy status of one's country is not that easy. Through usage of bitcoin it can improve the economy a little bit by just diminishing the unemployment rate. If we will use this bitcoin in order to achieve the improvement in our country then those government must allow this kind of transaction world wide but it will take a lot of time.

[conected]

Improving our economy is very difficult, and I think it takes a lot of time to happen, using bitcoin can not be a key to a progressive economy but it can help make a difference right now. Eventually it will probably be one of the ways to improve our lives.

Indeed, improving the economy status of one's country is not that easy. Through usage of bitcoin it can improve the economy a little bit by just diminishing the unemployment rate. If we will use this bitcoin in order to achieve the improvement in our country then those government must allow this kind of transaction world wide but it will take a lot of time.

- Precisely, it only improves a very small part of the economy in a country, and I can even say that this number does not have too much influence on the economy, it tends to improve personal income rather than the economy of a country. Because Bitcoin is still a field that has not been fully exploited, there is too much information from different sources about bitcoin, that made many people skeptical about bitcoin and dare not use it but in the future, bitcoin can improve the economy of a country when many people use and succeed with it, however, the effect will still be not so significant but definitely better than now

[shawn995]

Yea off course, and reason is that BTC is a crypto currency and have high price as compare to other currencies and can be changeable to any other currency so if any country can get more and more bitcoin then it means country are getting more and more money from other countries and if a country are getting money then it means country is getting strong economically and if country become strong economically then other sides of countries will automatically become strong.

[ZenRoy]

Bitcoin will actually destroy the economy since it is not taxable. This means that the govt will not receive its funds for the country's development.

[Crash21]

Probably it can became true but i can't see the way how... Maybe people should stop using bitcoin as asset and much better to start including bitcoin everywhere as payment system?

[pankowri]

In my opinion,BTC can change the economy of a country.If we use BTC positively,BTC will be able to show it.But still nobody knows about BTC.And everyone will know about BTC,working legally, improving economics of the country.

[danim1130]

there is a chance if the bitcoin price doesn't get cheap in the next few years because almost all of the users of bitcoin are now getting their instinct , predictions what will be the value of bitcoins next year if they get disappointed for sure they will sell and it will affect the country. people who buy bitcoin in low rate will rich. country people improve.

[mikan111]

Theoretically yes, however,the states are constrained on loans.They are in big dependence on banks and monetary system. It's very hard to brake that connection.

[Al Amin]

Yes certainly can, bitcoin can improve the country's economy but there must be some things that must be done by the government is to legalize bitcoin, so the government can require taxes for bitcoin users. because it can increase state revenue.

[Pemburu1]

in my opinion is still too far bitcoin to improve the country's economy.
because there are still many countries that do not know bitcoin.
But for individual bitcoin is very helpful for its economy.

[Jr.Sasha0209]

For poor African countries, this is the surest way out of poverty, as practice shows, many already practice this option! And even the European country Belarus already uses the crypto currency, I think, and others will soon be connected

[lyledark10]

Yes it will happen if bitcoin in the country is legalise, it will help for those countries that accepting bitcoin because the GROSS ECONOMY INCOME will raise so that the economy will improve by the help of bitcoin. And for example you send bitcoin to other and that bitcoin you send will added to GROSS ECONOMY OUTCOME.That's how bitcoin will help to improve economy of a country by bitcoin.

[shalnark]

Bitcoin can improve a country's economy even if it is just a way to pay, or another currency to use which I think would not help in improving economy especially now that sometimes it can aid on tax evasion. Despite that, many people can earn big on bitcoins via investments but it can really bring harm to those remittance services because it is easier to send money with bitcoins rather than using remittance which is a source of tax collections of the government but still bitcoin can improve people's lives.

I also do believe that bitcoin helps improve the economy of a country by being a medium of tradings and transactions, both inside and outside of a country. I think what defines a healthy economy is when there is a good flow of monetary within different sectors of the country. And as what have been said, by being a medium of tradings bitcoin may help increase the monetary value of the different existing currency. Although, there might also be opposite cases, but still these just show that bitcoin actively affects the economy of a country.