Bitcoin can be useful for a troubled economy

[Nick Abimanyu]

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

The same tone too was said by Apple Co-founder, Steve Wozniak stated that bitcoin has an investment value that's better than gold or US dollars. The reason, this cryptocurrency circulates with a very limited amount.
Although, bitcoin's legality in Venezuela's not yet clear and has not been officially recognized by its country, however the demand for bitcoin in Venezuela's still very high. Even though there was a slight up and down but there was still an increase in activity.

[gambitcoin53]

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

i dont understand, traditional money is not sufficiently provided? anyway, bitcoin in a sense of financial stability is more of a risk that a country will based its economy upon, because of the volatility, it cannot be certain to depend on crypto as it is unstable too, but somehow will definitely help an individual or the whole economy itself, it is just a help but not intended to solve the current economy. if we are goin thru the transition from fiats to crypto, that period will seems to be more difficult to bear, unless every country are into crypto like 90% of the world's population are crytpo-based. as they say, it CAN, but will not definitely solve the whole problem.

[BitTraderCute]

Bitcoin can restore a troubled economy. This is reflected in the fact that the commercial activities of the country have attracted large investors.

Bitcoin can helps poor people but it also harm full for them. Their government never give permission to using it.

we still have chance to earn money although our government never give permisiion to cryptocurrency.we have many ways to earn money from this market.and our government could not forbid us.

[musharaf]

Bitcoin is currency and if we put all the things upon it this will be a crazy mind set like if we talk about the economies even all others things are in deficit not only bitcoin will help them because not only currency can better economies and currency like virtual is not on papers not controlling by country can not show the actual picture.

[alyssajane1982]

Bitcoin can restore a troubled economy. This is reflected in the fact that the commercial activities of the country have attracted large investors.

Bitcoin can helps poor people but it also harm full for them. Their government never give permission to using it.

we still have chance to earn money although our government never give permisiion to cryptocurrency.we have many ways to earn money from this market.and our government could not forbid us.

Bitcoin is not illegal and also not legal to most countries now, so you are right that it can also help us in earning some money even though governments will not allow it in our countries.

[WUUEX79]

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

What Zack Pandle and Charles Himmelberg say is true, maybe you still remember the case of US sanctions against Iran, which strictly enforces an economic ban and trade in embargoes against Iran. At that time, for several years Iran was believed to be the perfect candidate to embrace the sensor-resistant utility, namely bitcoin.

In fact, Valliollah Seif who at that time served as governor of the central bank of Iran, once told the press on national television, that Iran would abolish the use of the US dollar in its country, because along with the improving economic situation in Iran the region continues become a region which's profitable for bitcoin.

With the existence of strict economic sanctions, the development of bitcoin in Iran had made headlines, if not mistaken in 2012. It is no wonder that eventually the US dollar, less desirable and Iran prefer to choose bitcoin. In the end bitcoin becomes quite valuable in Iran because bitcoin can be used abroad and are also more easily transacted than fiat currencies.

[ngalamunan]

Bitcoin can restore a troubled economy. This is reflected in the fact that the commercial activities of the country have attracted large investors.

I don't think it can help be useful for troubled economy. The reason is it can be used in crimes too. Bitcoin is using anonymous and criminals are involve with it. They can sell weapons with hiding transaction which can destroy the economy more.

yes I agree, it's true that bitcoin can help someone who is a difficult economy. he can invest here and get a lot of profit that can satisfy a bad economy to be peaceful.

[best ever]

Bitcoin can restore a troubled economy. This is reflected in the fact that the commercial activities of the country have attracted large investors.

Bitcoin can helps poor people but it also harm full for them. Their government never give permission to using it.

In my opinion, it can help people, who live in the countries, where the economy is poor. If the guys are wise, they will find the good ways to use the cryptocurrency and make a lot of fiat money on it.

[pizzahunter]

I additionally trust that Bitcoin can be utilized an elective answer for strife on economy of one's nation. It can even decrease the joblessness rate of one's nation in any case, it is only for impermanent on the grounds that bitcoin is unpredictable importance on the off chance that we rely upon it the estimation of our cash may change whether to pump or dump.

[mia khalifa]

yes of course this bitcoin can be one solution to the existing economic problems because with bitcoin all transactions can be safer and faster and the economy will also be better.

[nadasreciev]

With a profound comical inclination, Bitcoin can be so useful and helpful not just in beset economy, additionally for individual Bitcoinners in Developed economies. On the off chance that the harried Economy Government can bolster Bitcoin and urges customer to examine well and exchange with alert in Bitcoin, Many of its subjects can have their courses out in Bitcoin exchanging and ventures.

[sinkfish]

Venezuela is on this. so far it does the job. until then. 

[wingsthegreat21]

For me bitcoin is the beginning of the end of central banks and fiat currencies. It's time for economists to wake up that there is more to human motivation than profit! As she discuses the proliferation of open source. Beyond bitcoin are the introduction of etherium protocol with its smart contracts and the bancor protocol with liquidity all built on block chain. The introduction of local currencies will democratize money in a completely new way.

[sidodadii]

yes, bitcoin is very useful for troubled economy. but you know that not all people know about bitcoin? i think just middle and high society that know about bitcoin. its mean we need to spread crypto knowledge to all people, in many village. many job available for al people

[gheawari431]

yes of course this bitcoin can be one solution to the existing economic problems because with bitcoin all transactions can be safer and faster and the economy will also be better.

If work is not available, the use of bitcoin is also useless. Because bitcoin as a means of payment has several effects if the troubled country intensifies natural and human resources to create jobs. Bitcoin provides added value to state finances, but bitcoin cannot be an instant solution, everything must go through the recovery process

[SkyFlakes]

Pretty true. Zimbabwe is a very good case study and for those who really knew about this country's economy, they would know how shitty it has been for a very long time which made their currency to end up being scrapped and with the government policies and all that has limited the people from being able to make international transactions, bitcoin has really been the best option for the citizens and it has been of huge help for a lot of them. Goldman sach is very right!

This is a great information to know as it is an evidence how bitcoin would really help a trouble economy. And with that, I think here in our country, it would also have the same effect. I think we should maximize the idea that it could be a solution to problems we are facing in our own country in terms of economic aspect.

[Haliburton]

Practically yes, Bitcoin can be a major boost for the economy of a country. With Bitcoin, there is financial satisfaction for everyone as the people get to earn profits for holding Bitcoin. The money will be circulated among the people without any central authority dictating the inflow and outflow of money. Bitcoin generates job opportunities which will further boost the economy.

Yes sir! Bitcoin enables many job opportunities that were never thought possible with fiat currencies. Since it provides freedom to anyone who holds it, it's possible to do much more than with traditional currencies such as the Dollar or Euro. In countries where the economy is collapsing, Bitcoin serves as the perfect alternative currency that's a store of value just like Gold. As the cryptocurrency grows in adoption and usage, you could expect for its demand to rise eventually resulting in an uptick in price over the long term.

Many governments have realized the true potential and benefits of Bitcoin, which explains why they have been against it for quite some time. Some have imposed regulations to help protect investors' funds, but others have completely banned its usage since it's a threat to their economic system. But in the end, as more people realize that Bitcoin brings a lot of wealth opportunities, governments would have no choice but to accept Bitcoin as a legal form of payment for taxing purposes.

All in all, Bitcoin is useful for a troubled economy as it's the Digital Gold of the 21st century.

[lavara]

It is certainly great that cryptocurrency is so highly appreciated, but I think while the time has not yet come to accept it as a replacement for the national currency. I think the process will be slow but sure. Only the most progressive will be able to start the process, maybe Japan, the USA, China, European countries, perhaps. But it will accelerate them very much in development and further countries will follow them - they will see a great benefit.

[Haliburton]

It is certainly great that cryptocurrency is so highly appreciated, but I think while the time has not yet come to accept it as a replacement for the national currency. I think the process will be slow but sure. Only the most progressive will be able to start the process, maybe Japan, the USA, China, European countries, perhaps. But it will accelerate them very much in development and further countries will follow them - they will see a great benefit.

We've seen Bitcoin as a popular cryptocurrency during the past years. As such, it'll slowly gain traction and mainstream recognition as governments apply regulations to legalize the crypto industry. Since Bitcoin is an alternative currency to fiat, it's the perfect store of value for anyone around the world to enjoy. There are no limits on how to use or acquire it, since Bitcoin was designed to be decentralized after all. For this and many other reasons, Bitcoin is extremely useful for a troubled economy.

Venezuelans have already adopted Bitcoin as an alternative currency to fiat, and people from other countries too. Therefore, I think that in a few more years, Bitcoin would've become so popular and useful that it could displace Gold as a store of value, and possibly fiat as a medium of exchange.

[Mihaylovic]

it is correct i think. bitcoin is an alternative currency. and blockchain based cryptocurrencies are a solid alternatives for nowadays financial systems. decentralized solutions for traditional banking system is going to rule the world in the future.