Bitcoin can be useful for a troubled economy

[Pejoh Asu]

I believe that bitcoin is well-deserved to tackle a wide range of frequent global economic and financial problems, the over-tight control of the central bank makes it difficult for people to develop other potentials.

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[Gondwanaland]

Goldman Sachs: Bitcoin can be useful for a troubled economy

According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.

 Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.

Goldman Sachs experts: crypto-currencies can help the troubled economy

Yeah bitcoin can help in troubled economy. It has a lot of help in economy because it can affect their grows. People say that bitcoin help the economy because it has a conyribution. It can help to grow thhe economy.

[BartS]

High inflation is simultaneously a tax easily collected by the government. If the majority of citizens do not use the national currency, the state will not be able to finance the projects needed by the country due to inflation (not all money is spent on corruption, some of this income goes to people ).

You are talking as if high inflation is moral or even necessary but it is not, high inflation is bad for the economy, the governments and the people of the country and yet governments engage in it thinking they can control it very much like drug addicts that think they can control their addictions and like them they always fail and they drive the country to a crisis so big they can only get out of it by printing more currency and this wrecks the economy even further.

[Jembut Ireng]

True, bitcoin can be useful for a troubled economy, this has been proven by many people, when they have economic problems then bitcoin be their helper.

[Rajamuda]

But it does require a good reception from the country government, it can indeed help in economic terms.. but here certainly requires a very good reception until it really can be supported and more attention to deepen it and also can push from the economic side of the country government. Well though not yet seen all countries can make it happen.. but there's a possibility later it really will be.

[Rosilito]

Goldman Sachs: Bitcoin can be useful for a troubled economy

According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.

 Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.

Goldman Sachs experts: crypto-currencies can help the troubled economy

Indeed, but it would be a troublesome somehow in the economy because of its continuously fluctuations happening all throughout but it would be a big help for such country whose economy in terms of financial has a problem. In addition, it would be also tough to do it so since, not all the people can afford to buy a technology, and besides not all the people has a single knowledge about crypto even to use it. But overall it could be an alternative thing for a real a money.

[HappyDumper]

I also believe that Bitcoin can be used an alternative solution for conflict on economy of one's country. It can even lessen the unemployment rate of one's country however

Definitely! It will be useful in our economy soon, I believe that it will be the greatest purpose of cryptocurrency and that is to help each country having a troubled economy  in the coming years, if that happens then for sure that bitcoin will be the greatest demand in the whole world, so don't wait for it to come go and invest in bitcoin while we still have time.

This can be the answer to many countries problem on unemployment where local government can't give newly graduate a job allocated for them. That's one of the main problem on 3rd world country being unemployed. But with bitcoin how can they make a job from it? I know they can do bitcoin stuff or bounty campaigns but how about the people who don't have gadgets will the government provide them?

[hitchcoin]

 strictly persuaded that bitcoin can be helpful only in the case of wise government directions, otherwise bitcoin is destructive

[crazymelons12]

I don't think positively it will but it may help given that bitcoin will be stable also. But when volatility is causing a problem then it is possible that it will only add to the trouble and it won't help that much to the troubled economy because there is not much to gain.

[Rose119]

YES, in troubled economy of an environment or country, how to survive becomes the struggle of the people and if bitcoin is available they are definite to survive, even in my country we have been battling with economy recession but we have always been able to survive the hurdles with this great opportunity.

Actually, bitcoins can boost up the economy of any country if the government will just use cryptocurrency in a good way and the funds they will earn can be used for different investments or to build infrastructure.

Bitcoins can help the country to maintain its currency and sometimes boost it as per the country’s requirements. Just the country needs to do is make bitcoins trading and exchange legal so that the people can earn money from bitcoins as soon as possible and when the people will start earning  and become financially stable, the economy automatically will boost up.

Yeah and hopefully government will know that so they can legalized bitcoin as a currency in a country, bitcoin really can help the economy to grow, I'm hoping that after government notice that they will do move to make it legal.

[rose8963]

Yes it can be use and it can be a saver of a troubled economy and every country. Bitcoin can help a lot and its a huge impact on your industry especially economy cause we all know that many jobs can provide bitcoin and that jobs will our people extra money and that extra money will bought a food then the food had a tax that will towards at government. Bitcoin can be really useful in a troubled economy for example, if the economy is suffering loss because of the corrupt people then bitcoin can solve that

[logan16j]

This is actually kinda true. I can be a witnessed or a representative for my country because we suffer extreme poverty and shortage and high unemployment rate and I think because of bitcoin if I look at it at my bitcoinmates many have bought there own car and build their own homes or businesses. Imagine if all the people have a chance to earn money. even the students and jobless are welcome to join Bitcoin. if this happened, the economy of that Country will start to grow. it will open a lot of doors of Opportunity

[110910ktx]

The success that bitcoin can bring to a person is so great that sometimes is difficult to believe, if you live in a country that is in a bad economic shape it becomes very easy to get by even with the smallest earnings of bitcoin. I think bitcoin can be useful to solve economic problems because by investing or doing something in bitcoin we can get profit that will be very useful to help the economy

[almersyn]

Goldman Sachs: Bitcoin can be useful for a troubled economy

According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.

 Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.

Goldman Sachs experts: crypto-currencies can help the troubled economy

in my view, both Bitcoin and altcoin are not very suitable for use in the real world. Bitcoin and altcoin are either uncertain or arguably fluctuated. Maybe I suggest it is suitable as a short-term and long-term investment tool

[sabarr]

yes of course bitcoin can be useful for economic problems and be a good solution to improve the economy for the better, but we should know that the crypto currency also has a high risk, so to really help the economy should be able to use bitcoin well in order to get profit

[Aamir1]

Goldman Sachs: Bitcoin can be useful for a troubled economy

According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.

 Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.

Goldman Sachs experts: crypto-currencies can help the troubled economy

Well, that’s true, but you don’t just expect that kind of thing to happen by sitting down and crossing your feet, hoping that they economy gets better…. Sorry, that’s wrong, the economy. Will even get more worst. The thing that matters is how much effort citizens in that particular country are ready to put into cryptocurrency. If they are able to put in good amount of effort and invest much of their time, trust me, their economy will resurrect quickly.

[Jessica2009]

    Bitcoin is a new form of economy that is found contrary to the current financial concepts . Bitcoin is linked with modern technology that is useful for the people world wide. Bitcoins features are most attractive like strong network systems and blockchain  technology these are very secure for the system .Bitcoin has helped in the troubled economy of different countries like Greece,Brazil,Japan,Venezuela etc;,Bitcoin will not affect inflation at all Bitcoin helps against starvation and helps in the economic growth.

[cryptobluemoon]

Bitcoin is an economy booster for any country we can see many country fate can be changed once they approve bitcoin as legal currency but most of the country governments are nt in a position to take this step

[hyipplus]

Simple way is to buy bitcoin and hold it a few years, when the price for it will rise, sell some part. I will never sell all the crypto in one day.

[iliev41]

Bitcoin is an economy booster for any country we can see many country fate can be changed once they approve bitcoin as legal currency but most of the country governments are nt in a position to take this step

The deteriorating Venezuelan economy has created a dramatic real-world demand for a stable global currency amid the economic tumult to which its population has become accustomed. A surge in Bitcoin usage from the financially troubled South American country, reaching, at its peak, a 400% increase from the volumes recorded at the tail end of last year.