Im conducting a school research about economy and I chose to talk about bitcoin. The subject is how does bitcoin affect the world's economy? does it do well to it because it stops inflation as the amount of it is limited? or does it harm it ?
There is impact of currencies or things on the national economy only if they are contributing to the taxes. The tax is the only way to get money from the investors or businesses or even people like us which later on can be used for the national development. If that’s the case then we can use it for the purpose of affecting the worlds economy. Even that won’t affect the whole world because every country is having their own regulations and ways of taxing limits. So it would be up and down amount everywhere. But his is really vast area and I belive you need to have broad study to understand the after effects.
I think bitcoin has a direct relation on the economy of a country, as to seeing one side of it if it’s taxed the government gets benefit hence the economy boosts. On the other hand if more and more people are employed earning a handsome amount of money, the rate of unemployment decrease, the financial condition gets better and ultimately the economy of a country stands good. However the governments the very keen towards formulating a policy regarding the bitcoin that will be in the favor of the government also.
