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Author Topic: Affect of bitcoins in the global economy  (Read 689 times)
Coffee135
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July 24, 2017, 08:45:40 AM
 #21

Bitcoin stimulates the growth of all that is connected with information technologies. In a few years bitcoin could displace the dollar from the Internet, and it will be a serious signal for the U.S. currency.

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September 30, 2017, 04:14:21 PM
 #22

The potential impact of the digital currency on the central banking should not be taken lightly. The Bank for International Settlements (BIS), jointly owned by the world’s leading central banks, noted in November that bitcoin could interrupt the ability of central banks to exert control over the economy, as well as issuing money.
As of now, many central banks are closely observing developments in the growth of bitcoin. Many others, however, have already responded by sending out proposals for the issuance of a digital version of their fiat currencies. The central banks of Canada and Ecuador are a few among the first to explore such opportunities. In recent years, the influence of Bitcoin has brought change to variety of industries.
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September 30, 2017, 04:25:23 PM
 #23

Bitcoin can not influence the economy as it is a currency, and not some laws that regulate the economy in a certain direction. The mere existence of a currency does not change the economy.

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September 30, 2017, 04:35:48 PM
 #24

Bitcoin has a huge impact on the global economy. those investors have recognized the strong points of the Bitcoin, bitcoin attracts a lot investors and companies worldwide
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September 30, 2017, 04:38:41 PM
 #25

more precisely everyone who knows bitcoin surely will not have any economic or financial difficulties. because bitcoin gives them hope and confidence in the changing value of bitcoin this will certainly be an opportunity for every trader. from here bitcoin indirectly help citizens in a country by raising their economies by way of trading the difference. and take advantage of this is where bitcoin plays a role in helping the citizen economy

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September 30, 2017, 06:01:38 PM
 #26

How bitcoins affect or change the global economy?
Since bitcoins shows great promise for a wide range of legitimate applications.

I think the best questions is what are the effects of bitcoin in global economy. For me I think it makes our economy more able to rise because as I see bitcoin makes oir economy higher and richer in a sense that it makes some investors invest a higjer amount so that the income or the entering of money in a certain economy is good.

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September 30, 2017, 06:41:14 PM
 #27

The effect is being felt by awareness in So many jurisdictions. It is yet to be felt much in fiat exhaustion because people are still skeptical about letting all into it but I believe in few years to come, the effect will be tremendous because we are going to have people withdrawing lots of their money to either invest in bitcoin or stored in bitcoin. The effect will be massive.

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