Bitcoin can be useful for a troubled economy

[ntarah langger]

really, it takes a long time for people to get used to bitcoin.
requires adaptation first.
but it is true that bitcoin can be very useful for countries with economic problems.
proof that bitcoin is useful for a country in financial crisis.
venezula has benefited from bitcoin.

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[SaraPowell1212]

Exactly Bitcoin will give countries that have or have had a difficult economy, with a condition that big investors will trade that it is a difficult investment but if successful, the economy that country will grow strongly

[Sengoko]

with bitcoin we can find a fairly decent income and the results obtained from bitcoin can help someone who is mired in the economy. So he's just from the economic downturn and indeed very many people who are already in bitcoin are getting better in terms of economy

There is absolutely no doubt that bitcoin can not only change the living style of the person who is investing his money into the crypto currencies but it can also greatly help the economy of that country in much positive way and that it can then lift the economy of that country. The governments of such countries really need to take such initiatives which can help them in becoming a better state to live.

[mr777]

Bitcoin does not make a poor country Growing. Bitcoin can only change the user habits, making the user smarter.

[yitzjoe]

Bitcoin's decentralization has made him immune to manipulation seeking to emphasize the interests of one country at the expense of the other. The mechanism of the virtual currency or crypto is open, transparent and policy governed by mathematical principles, which makes them suitable to play the world's currency, and if necessary bitcoin is considered to play a role as a protected value of inflation such as gold reserves for each - country

[davinchi]

with bitcoin we can find a fairly decent income and the results obtained from bitcoin can help someone who is mired in the economy. So he's just from the economic downturn and indeed very many people who are already in bitcoin are getting better in terms of economy

Bitcoin helps us in making situations better which are the financial situations and the Bitcoin is valuable currency which will give you huge returns of your investment as we are observing that many people are now billionaire with and have a great time with it.

Besides this many countries are making their economies better with it so countries where there is down economic conditions can surely make their financial and economic conditions better.

[agentx44]

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

Bitcoin has a lot of benefits to the peole who needed a good income especially for unemployed people, so bitcoin can probably be useful for a troubled economy. There are already countries who accepts bitcoin and they do not have any problems when it comes to the economy of their, so i think it will be great if everybody will be using bitcoin.

[acener]

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

Bitcoin could really be a big asset and tool for a shaky and troubled economy. As for me, it is a big help specially if there are lots of investors and traders in a certain country for they would be able to sustain and assist the financial needs of a country. It is actually the users who could help.

[kolsernik]

Very good statement.I fully agree with him.But to completely switch to bitcoin until I dare any one country.The reason for everything is the volatility of the cryptocurrency.It scares many away.In the future, of course I would like all countries to use cryptocurrency.This is my dream

[Haliburton]

Yes bitcoin is very much useful for troubled economy. It helps to give long term benefits to both people and government. It can make people earn number of profits. Money is totally secured in bitcoin and people can use it anytime. So whenever economy is in trouble or crisis bitcoin can help to come out of it. So government and banks should promote bitcoin as much as possible.

I concur. Bitcoin can be very beneficial for individuals, businesses, and even governments. It enables a free economy which is immune to corruption, politics, or other real-world scenarios. Unlike real world currencies, Bitcoin is more flexible and portable allowing anyone to easily carry and secure their money without the need to trust a central bank. Benefits like these, are much greater than Gold, and I think that Bitcoin will become the standard haven asset of the world in the future.

If governments accept Bitcoin as a legal currency, then they could easily tax it for their own gains. But even if it doesn't, it serves as an alternative economy for people who're looking to take advantage of an asset which is not controlled by any central authority. The ups and downs of Bitcoin nowadays are nothing, compared to what its value would be in the future, where it'll be the most stable cryptocurrency in the world. All in all, Bitcoin will always be useful for a troubled economy no matter what.

[localcrypto]

Bitcoin definitely useful for a troubled economy in the market it is an economy booster and employment booster in the market

[Haliburton]

Bitcoin definitely useful for a troubled economy in the market it is an economy booster and employment booster in the market

I concur. Bitcoin brings many employment opportunities for people around the world. Since it's open, and anyone can use it, people can get paid easily without restrictions (unlike real world currencies). In times where government-issued currencies fail, there will always be the need for Bitcoin just as there is for Gold. Being a cryptocurrrency free from central control, is a huge plus in my opinion, since the people are the ones who decide its value and prosperity over time.

All in all, Bitcoin has enabled a new asset class which operates on its own, enabling people to gain control of their financial life once more. And this is very convenient for a troubled economy, as you'll have more spending power over time, since Bitcoin was designed to be a deflationary cryptocurrency after all.

[checkmatesir]

with bitcoin we can find a fairly decent income and the results obtained from bitcoin can help someone who is mired in the economy. So he's just from the economic downturn and indeed very many people who are already in bitcoin are getting better in terms of economy

I think that bitcoin is individually giving profit to people, bitcoin is in fact giving good financial assistant to them. In fact there are people who are jobless in really life but bitcoin gave them financial support and now they are leading a standard life.

[moinguoi5c333]

I think the most appropriate country for legitimate Bitcoin is Venezuela, the South American country that is in dire need of a re-establishment of its economy. With the convenience and high value of Bitcoin and blockchain technology, this is the best option for Venezuela.

[thithoikochoi123]

In countries with high inflation, unstable economies, and recession, Bitcoin will probably help their economies change positively, given the current value of Bitcoin perhaps this is the right choice.

[Red Fish]

For unstable economy Bitcoin can not help, it is just transfer methode. For country with unstable economy only serious investments can help, not some thousands BTC users. Plus countries with unstable economy can also have some electricity problems, therefore computers can not work.

[Conthongon234]

Challenging economies, perhaps because these countries do not have economic freedom, will not be suitable for bitcoin development, unless they change, then Bitcoin will be the right choice.

[uozer]

The Article though breeds happiness to mind. My only reservation about the matter is that only individuals with Crypto deals in such troubled financial economy can enjoy this benefits much since Bitcoin is Decentralized. Probably in the nearer future when Bitcoin is massively adopted, then it can substantiate the economy's development .

[michellebson2]

Countries in Africa will probably need bitcoin to help them improve their economies. There should be a common currency for these countries, bitcoin is very appropriate, but their government needs to cooperate with developed countries to change the economy.

[lamroinhau09]

I think countries with economies in difficulty will not have the best conditions to use bitcoin. They need to have the patronage of the great nations and all the people must fully accept the bitcoin as their currency.