Bitcoin - Can it boost or break a countries economy?

[mariah.sadio]

Bitcoin in my point of view, will help boost the economy of a country and also boost its efficiency. Bitcoin is a digital currency as we all know. This means that if a country adapts it, they are updated to the currrent technology.

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[Best Dreams]

for me bitcoin can also help the economy of a country and also a good way to be used by our people every day is also a good way to get profits, and also can help people who have not got a permanent job.

Only at my place there are hundreds of people who are using bitcoin as a job and there are allot to companies who buys and sells with bitcoin payment. According to research economical state of many countries has become so good just after adopting bitcoin.  Its providing job opportunities and also saved futures of our generations.

[Kez1817]

In my own opinion,the effect of bitcoin in every country is depends on how the community accept and used it. In my country,i believe bitcoin helped a lot and it also help to boast our economy. It gives a lot of opportunity to many people here without job and income. It help also develope the economic growth of our country.

[BeGoods]

Bitcoin in my point of view, will help boost the economy of a country and also boost its efficiency. Bitcoin is a digital currency as we all know. This means that if a country adapts it, they are updated to the currrent technology.

Thats right. because the reality that we see is that bitcoin provides many benefits. starting from financial benefits to users.
advantages of efficiency and flexibility in payment methods. of course it will make the economy better

[wolfafladina]

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

Neither of the two, because it not linked to any one. Bitcoin is on its own and not owned or controlled by anything. The price is just speculation and manipulation. If there is any country that owns it, I would have said it will be of good to their economy due to it will bring profits. But since it is not owned by anyone of them, then it doesn’t have any effect on any country’s economy.

[rose9696]

 I think the government is afraid of bitcoin because it is a money transfer tool that anyone can use and it is completely anonymous. In addition, the crypto market is a decentralized market and the government cannot control a market where there are many people from participating countries. I think that is the biggest barrier.

[biskitop]

So far, I have observed, bitcoin has not had a significant impact on the economy, because bitcoin has not been recognized by the government. but if that happens, it also seems like it won't have a big effect, because it's the same as other currencies, it's just that bitcoin is more volatile and the difference between profit and loss can be balanced.

[boris singer]

So far, I have observed, bitcoin has not had a significant impact on the economy, because bitcoin has not been recognized by the government. but if that happens, it also seems like it won't have a big effect, because it's the same as other currencies, it's just that bitcoin is more volatile and the difference between profit and loss can be balanced.

many people consider bitcoin transactions easier than banks in general, and the flow of transactions is not tracked by the government. many people will like this and will continue to grow, of course the economy will increase. But the increase in human resources occurring in crypto will be worrying if without regulation, this will lead to economic destruction due to potential inflation.

[iMark]

I think that cryptocurrency is a very unpredictable thing for the economy. All attempts to predict the outcome of the introduction of Bitcoin in everyday life will only lead to speculation. Nobody knows how Bitcoin will affect the economy. My assumption that Bitcoin will reduce the circulation of money in national currencies, thereby weakening the influence of governments in the economic sphere.

Nope. I think the effect is not unpredictable, even you get financial benefits from bitcoin right? from a small example, an investor must have the opportunity to profit, if the amount of users is large it will certainly affect the country's economy right?

[TheClownSong]

I think that cryptocurrency is a very unpredictable thing for the economy. All attempts to predict the outcome of the introduction of Bitcoin in everyday life will only lead to speculation. Nobody knows how Bitcoin will affect the economy. My assumption that Bitcoin will reduce the circulation of money in national currencies, thereby weakening the influence of governments in the economic sphere.

Nope. I think the effect is not unpredictable, even you get financial benefits from bitcoin right? from a small example, an investor must have the opportunity to profit, if the amount of users is large it will certainly affect the country's economy right?

National currency still needed and the effect of bitcoin to national economic not too big compare with money circulation. Bitcoin market cap value below $100billions and compare with wall street market value, its not more than 1%. I dont think bitcoin will break world economic

[wahyu wida]

I think that cryptocurrency is a very unpredictable thing for the economy. All attempts to predict the outcome of the introduction of Bitcoin in everyday life will only lead to speculation. Nobody knows how Bitcoin will affect the economy. My assumption that Bitcoin will reduce the circulation of money in national currencies, thereby weakening the influence of governments in the economic sphere.

Nope. I think the effect is not unpredictable, even you get financial benefits from bitcoin right? from a small example, an investor must have the opportunity to profit, if the amount of users is large it will certainly affect the country's economy right?

National currency still needed and the effect of bitcoin to national economic not too big compare with money circulation. Bitcoin market cap value below $100billions and compare with wall street market value, its not more than 1%. I dont think bitcoin will break world economic

this can also happen, if the circulation of bitcoin is getting bigger, of course there will be a decrease in the circulation of fiat currency. hence from that there are still many countries that have not been able to receive it as a currency

[shamimal93]

I believe that it can boost a countries economy if government can handle it properly. Bitcoin can changes the people lifestyle. A man get rich mean he helps to raise his countries economy. Isn't it?

[bajingluncat]

maybe the government is afraid of the negative effects of bitcoin such as money laundering, for example, especially now that the level of corruption is higher and the government has the duty of controlling and regulating, besides each of their decisions adheres to the applicable law, they will indeed be firm if bitcoin became a currency and used as a daily transaction tool to replace fiat because it might increase the inflation rate and it was clear that it violated the law but what I know now is that many countries recognize and accept bitcoin even though it is an investment asset, so I don't think the government doesn't understand or rejecting the advancement of technology and bitcoin, but they only want to maintain economic stability by holding on to existing laws, even though the law should be more flexible and the government must be open and responsive to new things, especially blockchain and bitcoin technology

[crzy]

I believe that it can boost a countries economy if government can handle it properly. Bitcoin can changes the people lifestyle. A man get rich mean he helps to raise his countries economy. Isn't it?

Yes that’s true, if onething is improved you can expect the other thing to follow. Bitcoin can help the economy but the government still don’t want to adopt, maybe because they are not yet donr abouy their own research.

[conected]

I believe that it can boost a countries economy if government can handle it properly. Bitcoin can changes the people lifestyle. A man get rich mean he helps to raise his countries economy. Isn't it?

Yes that’s true, if onething is improved you can expect the other thing to follow. Bitcoin can help the economy but the government still don’t want to adopt, maybe because they are not yet donr abouy their own research.

- I can say that the government knows about bitcoin from the early stages, they have researched bitcoin perhaps very carefully but they still don't want to accept bitcoin because why do they need to accept bitcoin when bitcoin only improves the economy of some people, some individuals in a huge group. That is too obvious, some individuals are unable to change a country's economy, even bitcoin creates a lot of problems in management, the government does not need to accept a nuisance like bitcoin, the change in the economy is in need of other strategies

[Crypto24hrs]

When a country is undergoing an economic recession one of the options that country has is to go and borrow money may be from {IMF}international monetary fund which attracts a heavy interest but here bitcoin injects more fund into a countries economy without interest so it will definitely boost a countries economy.

[sclmte]

I can also say that bitcoin can boost the economy in the country because bitcoin for me does not bring poverty to the country, though it helps economists especially those who are confident of bitcoin crypto. because only one bitcoin wants but to help those who need sideline job, for me the bitcoin will not break the economy.

[LUCKMCFLY]

It is difficult to determine what can happen, everything depends on the type of economy that the nation is in, so far no country has adopted a cryptocurrency, it is a very big risk, because in case the currency increases its value, there are many that have thousands and Millions of Bitcoin, can lower the price quickly and could collapse a good amount of money in seconds.

Normally Economists do not recommend cryptocurrencies or Bitcoin, some claim that it is a bubble (which does not apply), but for them if, because it does not represent a safe investment, it has no support or liquidity. In a nation, they prefer safe policies that give results and have more reliability.

[Kakmakr]

It is difficult to determine what can happen, everything depends on the type of economy that the nation is in, so far no country has adopted a cryptocurrency, it is a very big risk, because in case the currency increases its value, there are many that have thousands and Millions of Bitcoin, can lower the price quickly and could collapse a good amount of money in seconds.

Normally Economists do not recommend cryptocurrencies or Bitcoin, some claim that it is a bubble (which does not apply), but for them if, because it does not represent a safe investment, it has no support or liquidity. In a nation, they prefer safe policies that give results and have more reliability.

The financial markets of this world are filled with a variety of investment tools, ranging from low risk to high risk investments. We cannot say that high risk investments should not be allowed, because traders needs protection from their governments against big losses. <You decided on your own to take the risk>

Governments can regulate the investment tools, to make sure that the investment tool gives equal opportunity for everyone to make profits and that the system is not rigged in favour of a few rich individuals. <Like it is now> 

[Barbut]

It is difficult to determine what can happen, everything depends on the type of economy that the nation is in, so far no country has adopted a cryptocurrency, it is a very big risk, because in case the currency increases its value, there are many that have thousands and Millions of Bitcoin, can lower the price quickly and could collapse a good amount of money in seconds.

Normally Economists do not recommend cryptocurrencies or Bitcoin, some claim that it is a bubble (which does not apply), but for them if, because it does not represent a safe investment, it has no support or liquidity. In a nation, they prefer safe policies that give results and have more reliability.

The financial markets of this world are filled with a variety of investment tools, ranging from low risk to high risk investments. We cannot say that high risk investments should not be allowed, because traders needs protection from their governments against big losses. <You decided on your own to take the risk>

Governments can regulate the investment tools, to make sure that the investment tool gives equal opportunity for everyone to make profits and that the system is not rigged in favour of a few rich individuals. <Like it is now> 

Kakmakr you answered on your own question here in last sentence. 'Like it`s now`, we dont have fair system where investment tools gives equal opportunity for everyone, that needs to be changed. In that process some will lose, I hope people who run this system and many people who works for them, and majority will gain. Bitcoin can improve, to make things faster and in many ways cheaper, not only bitcoin we need to have in mind other cryptocurrencies, platforms, its an ecosystem. We will not need tons of papers, administration that tells us to wait for days and months for some silly verification.