Bitcoin - Can it boost or break a countries economy?

[andriarto]

with the advantages of bitcoin, of course this technological development can facilitate human activities so that it is more effective and efficient. I think the superiority of bitcoin is expected to improve the economy of a country, not even destroy it. of course that applies to countries that are truly ready

[YOSHIE]

Bitcoin is one of the virtual currencies, in the form of digital assets that have many advantages over ordinary currencies,
Example: low transaction fees and free are also anonymous. since the birth of bitcoin can expand in the economy both the mining process, exchange etc.
Even though bitcoin is just one type of virtural currency, but there are many that make the world community increase the economy either real or not real, which is clear that bitcoin can boost the world economy, overall.

[Bitcoinwalks]

It depends of what country it is. Like in venezuel, bitcoin saves their country from economic collapse due to hyperinflation rate. since their official currency depreciates its value, people there have using bitcoin as alternative currency!

[$anounimus$]

It depends of what country it is. Like in venezuel, bitcoin saves their country from economic collapse due to hyperinflation rate. since their official currency depreciates its value, people there have using bitcoin as alternative currency!

indeed not all countries can use bitcoin as a financial alternative to make transactions because there are still some countries that do not provide support and legality for using bitcoin.

[bonker]

Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.

How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.

[KennyR]

Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.

How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.

When the citizens in a country feel good in economy with the adoption of bitcoin automatically the country will also grow in economy. Always bitcoin bring inflow of economy from the small scale to the large scale market making contributing good to the economy.

[bonker]

Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.

How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.

When the citizens in a country feel good in economy with the adoption of bitcoin automatically the country will also grow in economy. Always bitcoin bring inflow of economy from the small scale to the large scale market making contributing good to the economy.

Economy of country grows through the taxes paid by their citizen so when they adopted to full crypto payments they can hide what they are earning and having so most of the people is not going to pay the right tax amount.

[Ozero]

The experience of Japan shows that the use of cryptocurrency by citizens can give an increase to the gross product of the country. That is, if the cryptocurrency is used along with the national money of the states, then this has a positive effect on the economy of the state.
If Bitcoin or another decentralized cryptocurrency will exist as the main currency of the state, then it can disrupt the economy of this state. However, to destroy the economy of the state cryptocurrency can not.

[daarul50]

There have been many countries that have become examples that the use of cryptocurrency can increase the country's economy provided that the state can provide appropriate regulations or policies on the use of cryptocurrency. Crypto is not a threat to a country's currency because crypto was created not for that matter, instead crypto is present to provide solutions to the economic problems that are occurring.

[Vaskiy]

Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.

How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.

When the citizens in a country feel good in economy with the adoption of bitcoin automatically the country will also grow in economy. Always bitcoin bring inflow of economy from the small scale to the large scale market making contributing good to the economy.

Economy of country grows through the taxes paid by their citizen so when they adopted to full crypto payments they can hide what they are earning and having so most of the people is not going to pay the right tax amount.

Tax evasion happens eliminating the earnings to the governments. But when there is good volume of fiat into circulation through crypto, it'll contribute to more business opportunities. If governments make a clear plan and adopt its usage it is truly good to the economy of the country. In short from my view about bitcoin on a country's economy is one who adopts at the earliest benefits big.

[shesheboy]

Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.

How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.

When the citizens in a country feel good in economy with the adoption of bitcoin automatically the country will also grow in economy. Always bitcoin bring inflow of economy from the small scale to the large scale market making contributing good to the economy.

Economy of country grows through the taxes paid by their citizen so when they adopted to full crypto payments they can hide what they are earning and having so most of the people is not going to pay the right tax amount.

Tax evasion happens eliminating the earnings to the governments. But when there is good volume of fiat into circulation through crypto, it'll contribute to more business opportunities. If governments make a clear plan and adopt its usage it is truly good to the economy of the country. In short from my view about bitcoin on a country's economy is one who adopts at the earliest benefits big.

Its already happening just so you know  , maybe you arent aware that that alot of countries and governments are now already legalizing the use of cryptos  ? And when it comes to tax , crypto users are not evading the tax because we are actually paying a tax . didnt  you notice that we are being charge by a fees when we created  a transaction ?   Aside from tx fees , you are also being charged when you convert or cash out your cryptos to fiats using a wallet/exchange  .

[demonz666]

in my opinion bitcoin can improve the economy of the community or its users. but in general it has not been able to improve the country's economy. because most countries reject bitcoin because of its very volatile value. bitcoin is beneficial for its users and if there are a lot of people in the country who use bitcoin then I am sure that the country's economy will also increase.

[Janation]

It depends of what country it is. Like in venezuel, bitcoin saves their country from economic collapse due to hyperinflation rate. since their official currency depreciates its value, people there have using bitcoin as alternative currency!

indeed not all countries can use bitcoin as a financial alternative to make transactions because there are still some countries that do not provide support and legality for using bitcoin.

I think not all of the countries can support it nor legalize it.

The minds of the government of different countries are different from each other. Some want to legalize Bitcoin, they have their reasons and a lot of people are happy with that. But some don't want to do anything with Bitcoin, they also have their reasons and I know a lot of people in their country are disappointed with that but we just need to respect their decisions. It is not that it can't break a country's economy, it's just that they maybe are afraid of the decentralization and anonymity of Bitcoin and other cryptocurrencies.

[nur rochid]

It depends of what country it is. Like in venezuel, bitcoin saves their country from economic collapse due to hyperinflation rate. since their official currency depreciates its value, people there have using bitcoin as alternative currency!

indeed not all countries can use bitcoin as a financial alternative to make transactions because there are still some countries that do not provide support and legality for using bitcoin.

I think not all of the countries can support it nor legalize it.

The minds of the government of different countries are different from each other. Some want to legalize Bitcoin, they have their reasons and a lot of people are happy with that. But some don't want to do anything with Bitcoin, they also have their reasons and I know a lot of people in their country are disappointed with that but we just need to respect their decisions. It is not that it can't break a country's economy, it's just that they maybe are afraid of the decentralization and anonymity of Bitcoin and other cryptocurrencies.

decentralization is something new, so many people are unfamiliar, I think it's natural to react like this. while the government certainly has to think of the majority of the population, for example my country and Japan, of course human resources are different

[dat.ho12492]

in my opinion bitcoin can improve the economy of the community or its users. but in general it has not been able to improve the country's economy. because most countries reject bitcoin because of its very volatile value. bitcoin is beneficial for its users and if there are a lot of people in the country who use bitcoin then I am sure that the country's economy will also increase.

Even if a country has more people using bitcoin, the economy of that country still will not improve because as I see, no one can claim they will be able to continuously make a profit from this market when the market is always like waves at sea, constantly changing and having different fluctuations, and that often makes many people unable to promptly adapt and lead to losses, so it is difficult to make the economies of countries better with crypto and bitcoin

[A L I E N]

in my opinion bitcoin can improve the economy of the community or its users. but in general it has not been able to improve the country's economy. because most countries reject bitcoin because of its very volatile value. bitcoin is beneficial for its users and if there are a lot of people in the country who use bitcoin then I am sure that the country's economy will also increase.

Bitcoin can become a savior for those people, who live in the poorest countries with an awful depressed economy. If they hold BTC they will not lose; they will be losers when they deal with their national currencies.

[zee11225]

in my opinion bitcoin can improve the economy of the community or its users. but in general it has not been able to improve the country's economy. because most countries reject bitcoin because of its very volatile value. bitcoin is beneficial for its users and if there are a lot of people in the country who use bitcoin then I am sure that the country's economy will also increase.

The use of bitcoin in my opinion will increase the economy of the countries that use it, because it facilitates financial transactions which will certainly have an impact on the smooth distribution of goods to the public.
The state is obliged to monitor bitcoin to maintain financial stability by issuing regulations aimed at exploiting the existence of bitcoin for the purpose of increasing state revenues.

[BeGoods]

It depends of what country it is. Like in venezuel, bitcoin saves their country from economic collapse due to hyperinflation rate. since their official currency depreciates its value, people there have using bitcoin as alternative currency!

indeed not all countries can use bitcoin as a financial alternative to make transactions because there are still some countries that do not provide support and legality for using bitcoin.

but several community groups in various countries use and maximize crypto for their financial benefits. of course that is possible to boost country economy, but the magnitude of the influence and boost certainly depends on the number of investors in that country

[millgates]

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.

For now bitcoin can't make any impact for country economy directly but it only improve individual financial condition so it can only indirectly and slightly increase country economy. Bitcoin can give bigger impact if there are many people who use it in a country such as china. There are so many bitcoin holder in china and it seems that the government try to reduce the usage of cryptocurrency in china by create some bad regulations for cryptocurrency, the government afraid that the wealth will move outside of china because bitcoin transactions has no restrictions, it can be send to anywhere.

[Choyor]

One of the goals created by Bitcoin is to drive the global economy. We can see all the systems implemented by Bitcoin, all the systems are a system that simplifies, accelerates, so that all of them become all-patient, but some governments are afraid to legalize Bittcoin because of the fluctuating price.