Bitcoin - Can it boost or break a countries economy?

[Vishnu.Reang]

If used in a right way, crypto-currency can go a long way in helping the economy of a particular country. Examples are Japan and Singapore, where the legalization of crypto resulted in the creation of additional jobs and an increase in the tax revenue. But in countries where the national currency is heavily manipulated (such as China), the impact can be more mixed.

[mersal]

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.

yes it is an important topic what are the possibilities are available for the Bitcoin to make the changes but how the government handle it using their knowledge by legalizing it with a proper regulation then it will be definitely gainful for the economy to create the success and the development only.

[playboy654]

Most of the chances is always there for the development only because we are know cryptocurrencies like developing suddenly so I think the positive things are always hiring this so it can be developed only.

[akram143]

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.

both are the things are involved in Bitcoin so we cannot marry a conclusion by seeing the only side positivity it also have some activities when it involved with the economic situation of any country

[whirlcoin]

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.

the development of Bitcoin will not make any changes in the normal economy because the connections between Bitcoin and the economy is nothing so if the government will take the chances to make it legally approved in their country then there possibility of Ghost or Break is available.

[Adriano2010]

Bitcoin can boost a economy country in my opinion, let say someone buy bitcoin when price was under 500$ and sell it now for over 5000$ and they will buy things with money, and VAT go on country economy and this can only help, if people have money they will boost economy countries, but if in a country are a lot of poor people that economy is not good.

[Tylev]

If the cryptocurrency will be used in the states as an alternative along with its national currency, this can increase the level of development of the economy of such a state. So, in principle, it should happen. States will never refuse to use their national money in order to switch to the use of cryptocurrency. Only If they are they do, then the economy of any state is quickly unbalanced, because the cryptocurrency exists by itself and does not interact with the economy of any state.

[Gheka]

Bitcoin can boost a economy country in my opinion, let say someone buy bitcoin when price was under 500$ and sell it now for over 5000$ and they will buy things with money, and VAT go on country economy and this can only help, if people have money they will boost economy countries, but if in a country are a lot of poor people that economy is not good.

Well, agree that the case you say will mean that bitcoin can boost the economy of a country when it brings a huge profit to its participants but you are only looking at one direction of the problem, you forget that someone earns from bitcoin, someone may lose. In addition, profit with bitcoin is not an easy thing, the case that you say is just one of the luckiest cases that can happen, most of the remaining cases will be lost money or not earn anything, since then, the economy of a country almost balanced, Bitcoin will not have too much impact on the economy of the country

[A L I E N]

Most of the chances is always there for the development only because we are know cryptocurrencies like developing suddenly so I think the positive things are always hiring this so it can be developed only.

I do not think that Bitcoin or any other cryptocurrency can bring harm to the economy. It can only boost it. The blockchain technologies, which use crypto have been doing it already.

[elisabetheva]

Clearly, it is certain that bitcoin will be profitable if a country gives permission to be accepted as a recognized medium of exchange. but in some parts of the country it may not be ready to accept it as a medium of exchange because the infrastructure has not been neatly arranged. not yet with the misuse of fiat money from bitcoin buying crimes and it is difficult to track because of this infrastructure. so many considerations must be taken by the state to accept that the country itself is not ready.

[Ranly123]

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.

It depends on how the authority handle the flow of cryptocurrency in their country. As we know, economy of a country depends on how the government manage their investments and I think they would not gamble their economy on a more volatile investment.

[jamesndungu1]

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.

The technology is barely new, and it is already making waves globally. Once most governments understand that blockchain aims to change the monopolization that is currently plaguing majority of our monetary systems and reduce operation costs, then they will be more receptive of the technology, and this definitely will boost our economy. The transparency, security, immutability, swiftness and decentralized nature of the technology are what the world needs.

[Leo]

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 >

Bitcoin is a threat to them because they know that they cannot control it,  had it been that they can control it they won't be ignoring the huge advantages behind the technology of bitcoin

That is why they are trying all means to get bitcoin banned,  but they still not succeeding in banning it,  all because they can't control bitcoin

[lumierre]

I want to take an example like the case in my country. bitcoin was once popular not because of its price and community achievements but because there was a terrorist in the home of bitcoin users and threatened him not fr real money but he asked for bitcoin. and also many cases such as money laundering which the government considers to be a new way for them to remove the money track. I think all countries want the security of public money for everything so there is still no good regulation in my country. I live in Indonesia .

It is supposed to boost the economy, but many countries still do not know how to use it for their benefit. Take, for example, Venezuela with its worst inflation. The other day, the President of Venezuela has ordered that his favorite cryptocurrency, Petro, be used to finance the current state-sponsored social housing initiative. Although this token is under the USA sanctions, it can work, he is sure.

[imstillthebest]

It is supposed to boost the economy,

supposed ? but bitcoin has alot of uses and its still up to the people if what use they prefer because not all people have the same preference  .  it can boost if it used on a good way like for example when avoiding the lines for paying or buying but instead people can use bitcoins to transact in thier daily lives  .

but many countries still do not know how to use it for their benefit. Take, for example, Venezuela

i heard this country is going on a financial crisis  .  bitcoin and cryptos should be a big help with  them but how can you say that they dont know how to use it ?

[seanskie18]

Bitcoin can boast countries economy especially in a way of earning money, this will gonna break every person's economy and also it depends on how the government manage their countries economy.

[armarsterling7]

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.

  I think the government is not afraid of bitcoin. But because they don't want any other currency that can change their country's economy. In fact, cryptocurrencies are a free type of money and no one can control them. So the women themselves will not benefit when their people use crypto. Because we don't have to pay taxes when dealing with the government

[tadpole_bitfrog]

Lately, people are talking about bitcoin a lot about its profitability every year. They believe that the halving event will bring wealth to everyone if simultaneously investing in bitcoin.
But as I see it, when the value of bitcoin reaches the threshold and cannot continue to increase anymore, then manipulating organizations will start selling their bitcoins as much as possible. like happening at the bitcoin stage from $ 13k -> $ 9k5 in just 3 days.
Therefore, if this force still exists much in the crypto market, investing in bitcoin is still very risky and it can not bring wealth as people often say.

[ivakar]

Lately, people are talking about bitcoin a lot about its profitability every year. They believe that the halving event will bring wealth to everyone if simultaneously investing in bitcoin.
But as I see it, when the value of bitcoin reaches the threshold and cannot continue to increase anymore, then manipulating organizations will start selling their bitcoins as much as possible. like happening at the bitcoin stage from $ 13k -> $ 9k5 in just 3 days.
Therefore, if this force still exists much in the crypto market, investing in bitcoin is still very risky and it can not bring wealth as people often say.

well, it is hardly the halving is the case and the reason to huge price fluctuation of the bitcoin, as far as I can see...
because, for example, last year bitcoin dropped more then 5 times and there were no halving..
huge shade whales of cryptoworld and their actions - they are the reasons of rapid price change of btc, that is my opinion..

[joromz1226]

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.

Perhaps, there are other countries government so scared of bitcoin. Because they don't see the good side of it, but here in my country approved more than 48 exchange that bitcoin accepted and some crypto too. In this way I saw that our government here won't approve it if they know that it can't help to our economy, but why they approved it, therefore they knew it can give a good result in the economy of the government
we had it now.