Can bitcoin improve the economy of a country?

[jokowi]

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?

Bitcoin has the potential to make people achieve financial freedom. Bitcoin is available in phones, computers, and anywhere else on the Internet.
it can change the lives of the poor, many people can earn money, they have better lives lead to the country's economic development

[stevano]

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?

Japan has already recognized Bitcoin because they saw a good vision of the future of money and they have big plans to make japan a powerful Bitcoin player in the Asiatic region. Countries that will pioneer in the use of Bitcoin has a big chance to leap into the future and can easily attract fintech companies to locate in the area.

There would always be countries especially rogue regimes that maybe afraid of Bitcoin because they can't control it but these countries would be left behind in the financial revolution.

Yes, Bitcoin can help local economies and spur more growth in the global marketplace. We just hope that political leaders are not retarded enough not to see the Bitcoin vision.

wow cool is a very bright opinion, we know that Japan is one of the most advanced countries in the field of technology including the financial system, it is appropriate that the country can receive bitcoin because it sees the potential of very large bitcoin in the future hopefully other countries can follow in the footsteps of japan in this case, at least do not prohibit its use it is enough so that bitcoin can grow to improve the world economy in this case its user

[RajaJudi]

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?

Bitcoin has the potential to make people achieve financial freedom. Bitcoin is available in phones, computers, and anywhere else on the Internet.
it can change the lives of the poor, many people can earn money, they have better lives lead to the country's economic development

I think the answer is yes. Bitcoin has reduced unemployment. Bringing a better life to many people around the world. Bitcoin gives us an easy way to invest. We just need a phone, a computer that get access to the internet and we can invest Bitcoin. However, there is a barrier, Many countries still not legalized Bitcoin and it will be a very hard problem.

[anavir]

yes....bitcoin can improved the economy in our country because the money we earned from bitcoin has added to our income and it help us pay our bills and our daily needs...another is it helps unemployed to have job even they are not profissional as long as they understand what they are reading and and are resourceful.

[Andalusy]

By considering reputation of bitcoin,  of course bitcoin can  improve the economy of a country. We can see that jobless poor people and many uneducated people are using bitcoin and now they are able of overcome their financial problem. Thus proverty is reduced by bitcoin in a country. Furthermore bitcoin makes them worthy means bitcoin makes that country worthy. I think that, this example is enough to prove that bitcoin can improve the economy of a country...

[Sled]

By considering reputation of bitcoin,  of course bitcoin can  improve the economy of a country. We can see that jobless poor people and many uneducated people are using bitcoin and now they are able of overcome their financial problem. Thus proverty is reduced by bitcoin in a country. Furthermore bitcoin makes them worthy means bitcoin makes that country worthy. I think that, this example is enough to prove that bitcoin can improve the economy of a country...

Can you explain me how the uneducated people are using bitcoin if they are 'uneducated' because i think that it is impossible for those people who are uneducated or let say the people who are in poverty to use bitcoin because they are lacking in financial terms that is not enough for them to afford at least a decent internet connection and a device to use for bitcoin and also the most important is to afford a bitcoin.

[Neglected Person]

Yes, Bitcoin can contribute a lot to the economic development of a country. When people earn a lot of money by earning bitcoin and many start different types of businesses - which have a very positive impact on the economy of the country. Besides, the country's unemployment also decreases.

[carlisle1]

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?

Bitcoin money transfers are relatively low cost compared to international bank transfers. Sending money abroad using Bitcoin (or other Cryptocurrency) can be done without using any banking system. This positively affects the economic development of a country

in some point your right mate,the decentralization of bitcoin and the crypto world affect t development since the popularity of this community is now known worldwide,and many users consider this as main source of doing transactions.the worst thing is government wont even get some cents from this,thats why many countries pushing to implement taxation on crypto so government will benefit from this and so as the community

[Komobit]

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?

Let's say that not bitcoin itself but crypto as a whole. If, for example, you'd like to receive your payment in euros becouse you earn Argentina pesos in your everyday job, why someone in full and clear mind you rather choose to earn in a less accepted coin, weaker and with a smaller market? If you could receive your income in the better coin, in this case a crypto, why not? That said the best fiat money or crypto coin would win. The bigger the acceptance of the coin the bigger the market you are in - a market with less government in it. It seems a little bit weird but a global change on money and coins shall make international commerce more open. If, at first, you could not buy a machine for you industry becouse burocracy was so high, now you can import it easiy and the country populations, not the govenrment, as a whole would benefit of it's production and products.

[jojowar]

Bitcoin can improve the economy of a country. It will starts to micro economy because few people for now knows about bitcoin and how bitcoin uplift their social status in life.

[Trela]

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?

Bitcoin money transfers are relatively low cost compared to international bank transfers. Sending money abroad using Bitcoin (or other Cryptocurrency) can be done without using any banking system. This positively affects the economic development of a country

in some point your right mate,the decentralization of bitcoin and the crypto world affect t development since the popularity of this community is now known worldwide,and many users consider this as main source of doing transactions.the worst thing is government wont even get some cents from this,thats why many countries pushing to implement taxation on crypto so government will benefit from this and so as the community

You have profit, you have money, you are living in a country, you need to spend some money to improve your country because you are depending in that country to live. That is the obligation of everyone and you should be happy to do that, because it proved Bitcoin is legally!

[yrdja25]

I thik it can because nowadays other countries accept bitcoin as their currency in that case i think bitcoin can also improve the economy of a country just like a usual money.

[Black Angel]

I thik it can because nowadays other countries accept bitcoin as their currency in that case i think bitcoin can also improve the economy of a country just like a usual money.

Yes, most countries are afraid to accept bitcoin because it can not be controlled, it's time for our mindset to change that a global decentralized system like bitcoin is better and fairer for everyone than a government-intensive centralized system of centralization.

[ultraminer11]

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?

Bitcoin has the potential to make people achieve financial freedom. Bitcoin is available in phones, computers, and anywhere else on the Internet.
it can change the lives of the poor, many people can earn money, they have better lives lead to the country's economic development

Exactly but I think as much as bitcoin has been reported to have been used to facilitate crime which is not something new to everyone, the source of income it has been to quite a number of people cannot be undermined because whether yes or not, it has increased the economic worth if every individual even if it is in a little way and this will in that little way contribute to the economic development of the country as a whole.

[CARrency]

Yes, Bitcoin can contribute a lot to the economic development of a country. When people earn a lot of money by earning bitcoin and many start different types of businesses - which have a very positive impact on the economy of the country. Besides, the country's unemployment also decreases.

From what ou have said, there is nothing that proves that bitcoin will be of help in the economy. You are saying that if people earn a lot of money then they can start their own types of business and it will help? It will but that is not because of the bitcoin but because of the people who are earning it. Bitcoin is just a digital currency and it is just being used and trade.

[kyucryp]

not a bitcoin that changes a country's economy. but a system of virtual currency and financial technology. which makes a country to develop its economy in the modern direction and can facilitate all transaction activities.

[19faraon88]

Yes it can improved the economy of a country, but that was if bitcoin or cryptocurrency is not ban in their country. Let us admit it not all country accepted bitcoin/cryptocurrency for their own reasons. While those countries who used bitcoin/cryptocurrency like western countries helps improved their economy well.

[rickz026]

Yes bitcoin can improve the economy of the country.  But, why other country dont want accept BTC as another currency on their country? The answer is, the BTC can bring down the currency og their country. in this way the economy of the country will go down for a while but after few years it will increase by use of the BTC.

[Angi]

It can. Bitcoin will compromised as a main ideas how will country provided to improve their economy and it also help how digital or virtual curriences will support a country to its development its useful to the people how much they can take their priorities of the easy and fast transactions to paying and all things that may use for bitcoin and digital money.

[Jose Mourinho]

It can. Bitcoin will compromised as a main ideas how will country provided to improve their economy and it also help how digital or virtual curriences will support a country to its development its useful to the people how much they can take their priorities of the easy and fast transactions to paying and all things that may use for bitcoin and digital money.

The state's concern is needed to make bitcoin to boost the country's economy, I'm sure if bitcoin is legalized or acknowledged as an official commodity then the country's economy will improve as bitcoin stock is limited and available for up to 100 years.