What would be the possible impact of BTC in the economy of a country?

[Lotermity91]

Actually btc have very big potential to improve country economy, online shop will be able to save more profit if they use bitcoin. Use paypal is not good for them because there are many restrictions and limitations. country which has so many people who still unbanked, bitcoin can be a good solutions for their citizens Transactions.

Each online store will get a profit if the price of bitcoin increases, bitcoin is different from fiat currency which only has a small volatility even rarely. When bitcoin has increased they can immediately exchange to money fiat, so as every online shop can buy goods using money fiat with large quantities. However, if the price of bitcoin decreases, they won't get profit from this condition, even more everyone can seek a way by exchanging money fiat against bitcoin with a little fiat money and then getting a lot of bitcoin so they can buy as many items as they want. Each merchant will thinking a long when they receive payments with bitcoin if the price of bitcoin is still volatile.

Like individuals, every single business would get equal benefit from bitcoin as well. Like in restaurants and shopping malls and every business entity if accepts bitcoin, it will likely to get huge profits.

[trauchot]

It all depends on what kind of demand bitcoin will have in this country, also in what areas it will be used and whether the government of this country will support bitcoin to promote its economy to the new best level for them. I believe that in rich and developed countries, there will be nothing bad from bitcoin, on the contrary, additional money will be received from taxes, for example, on economic development, but in countries where everything is bad, perhaps bitcoin can change something.

[patarfweefwee]

I think the biggest impact is that it goves the peoplethe power to purchade again using the profits they gained from investing in crypto currency. With crypto currency as a viable investment, people coyod be saved if and when a msrket collapse happen since crypto currency is working independently from the stock market.

[Triwiyono]

the impact of bitcoin on the economy of a country must be different, if in Japan and China, maybe bitcoin would have a good impact on their economy, but not necessarily in other countries that maybe not know very well about bitcoin. in Indonesia bitcoin does not have any impact on the economy, because only a few people understand about bitcoin.

[South Park]

Actually btc have very big potential to improve country economy, online shop will be able to save more profit if they use bitcoin. Use paypal is not good for them because there are many restrictions and limitations. country which has so many people who still unbanked, bitcoin can be a good solutions for their citizens Transactions.

Each online store will get a profit if the price of bitcoin increases, bitcoin is different from fiat currency which only has a small volatility even rarely. When bitcoin has increased they can immediately exchange to money fiat, so as every online shop can buy goods using money fiat with large quantities. However, if the price of bitcoin decreases, they won't get profit from this condition, even more everyone can seek a way by exchanging money fiat against bitcoin with a little fiat money and then getting a lot of bitcoin so they can buy as many items as they want. Each merchant will thinking a long when they receive payments with bitcoin if the price of bitcoin is still volatile.

Like individuals, every single business would get equal benefit from bitcoin as well. Like in restaurants and shopping malls and every business entity if accepts bitcoin, it will likely to get huge profits.

We need to admit that what you are saying is not a reality right now, that is something that we hope it will happen in the future but it is not happening at this moment, the only businesses that are obtaining profits with cryptocurrencies are those that are related to this market, every single other business like a restaurant is probably going to have a few sales in the whole year and that is not enough to justify to accept bitcoin as a way of payment.

[Mhd-Bobbi]

I think impact of BTC in the economy of country is unemployment go down. Many people work in here and little people work in office. They choose work in here because he can spent time with family in their home during activity and I think work in crypto give more than profit than people work in office

You are right, I also think like you, I also spend my time working here, because working to earn income from crypto is of course already getting a decent income that can meet needs.

[Fromse]

I think the biggest impact is that it goves the peoplethe power to purchade again using the profits they gained from investing in crypto currency. With crypto currency as a viable investment, people coyod be saved if and when a msrket collapse happen since crypto currency is working independently from the stock market.

For me, yes this is a real power of bitcoin. This never lets its users down even it itself going down in deep. People always make good earning from bitcoin as they buy bitcoin when prices are down.

[jikurpa]

Just wanted to know people ideas on what is the good and baf impact of BTC  in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.

Regards,

if the impact is likely to have a positive impact and there are also negative impacts that will be obtained in general, the positive impact is the possibility that the economy will develop rapidly and the negative impact of inflation will certainly be on the local currency of course

[maemunah]

Just wanted to know people ideas on what is the good and baf impact of BTC  in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.

Regards,

At the moment bitcoin is too small to have any kind of significant impact over the economy of most countries, this could change in the future but the question is how long this could remain to be the case? Because I find very difficult to believe that bitcoin can become a big influence in a country without that country trying to control it or to ban it because of it.

is absolutely true but for yesterday yesterday bitcoin impact in a country that has legalized it's huge because bitcoin was very beneficial for the Community to earn a great income and help the economy as well

[cahbagus555]

In my opinion, bitcoin can give good impact for tourism sector. If government regulating bitcoin for payment, i am believe tourist prefer carrying cryptocurrency because its more secure and safe than carrying paper money.

[Escf4]

The possible impact of bitcoin to the economy  of a country is the more investors will invest to the business which deals with cryptocurrency, in using cryptos all possible transaction and payments are made digitally and no need for cash transactions,

[marcelocoin]

we are facing a deadly crisis in venezuela, and in Argentina for the same path, I hope blockchain and bitcoin can help these people!

[devinks]

we are facing a deadly crisis in venezuela, and in Argentina for the same path, I hope blockchain and bitcoin can help these people!

if the country is able to regulate the level of security and control it, I think the country's economy can be helped by legalizing bitcoin. Bitcoin is very useful and helps someone's life, so it is very good for the country or someone who is in a financial crisis.