Bitcoin plays a vital role in the economy

[aTriz]

Yes, bitcoin plays a vital role in the economy since it is a life changer.

Of course bitcoin has brought big change in economy. Lot of people are making money from bitcoin and when they have more money they will spend more and the circulation will be high and the profit of almost everyone will increase and finally the whole economy will go up. It’s all because of bitcoin investment and profit against investment.

[Bosx1ne]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

It is true that the bitcoin is now playing a vital role in our economy. There are now many businesses and stores in my country that are now accepting bitcoin as payment. Bitcoin helps the transaction to become faster and better.

[cah ndablek]

Indeed with the presence of bitcoin one can use it to invest and earn income from there the economy becomes helpful and makes one more comfortable playing when the government officially inaugurates bitcoin.

[BTCJUNIOR01]

A country's economy could be increased by bitcoin with the government's record of being able to accept bitcoin and legalize bitcoin and impose a tax on bitcoin users in either trade or investment or a transaction. The tax is what gives the government income. How can a country's economy change because of bitcoin if they do not impose taxes on people in action using bitcoin in a transaction.

[abruchifid]

It covers some segments  of society  that are currently  under,-served. E.g bitcoins help in transfering funds across  international  boundaries

[scoin9]

Bitcoin and cryptocurrency certainly play a very vital role in the economy, it helps level the playing ground and hands power over to most of the less privilege people who suffer for lack of basic amenities and well structured and standard economy.

[millionaireshs]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

Many people says that bitcoin can affect the economy of the country I think its no, it is only rolling override the economic society it is built for the purpose to he people become convenient when it comes to make transaction. but if ever the  government willing to embraced bitcoin it is very good for us because even if we are still in the house we do everything what we want do in any kinds of transaction at least this is allowed  by government.

[ClackKendi]

Seeing what bitcoin has brought to the economy enough to answer that question, as the economy enters the stage of recession, the bitcoin has succeeded in raising capital as well as making the market currencies become more attractive

[Chienna]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

Yeah, indeed. Those people who didn’t like bitcoin des not open there eyes to  see what the real essence of bitcoin in this world. Eventhough we did not pau taxes still it can contribute to the economy because we used it to buy things that we need and those things have a taxes.

[westlake4]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

It is true that the bitcoin is now playing a vital role in our economy. There are now many businesses and stores in my country that are now accepting bitcoin as payment. Bitcoin helps the transaction to become faster and better.

Well, since the price of bitcoin is not stability, accepting bitcoin as payment is very risky, It can see as a long-term investment for the seller than a payment method. The fee for transferring bitcoin is a problem too, bitcoin is a crypto-world symbol, but for payment, there're many altcoins can do better work than bitcoin, like DGB, LTC,...

[mrsimons121]

In Japan bitcoin drive good figure in Japanese economy and even in Russia as well so bitcoin is economy booster and Malta is most user-friendly country for blockchain asset followed by Gibrator so many country are adopting blockchain to improve their economy

[p4npos]

Bitcoin can play an important role in wiping out a nation's debt if the nation promote or endorse Bitcoin. These debts include circular and foreign. Blockchain technology can help create a system which can make a country independent.

[Harrisonimo]

I am of the strong believe and opinion that if bitcoin can affect individual lives of citizens of a country positively, then it will have a positive resultant effect on the economy of that country. It is not until tax is being paid before a cintry's economy is being influenced! A country that is now somewhat helpless in empowering the youths of her country is a dieing economy. But with the help of the cryptocurrency markets, individuals are now being empowered to make a living for themselves and thereby improving the economy of their respective countries too.

[Sandijoee]

yes of course I agree with this part. Bitcoin is very important in the field of economy although still helping the economy of people in this world. So Bitcoin plays an important role in the economy. It will become stronger every day.

[mamarried]

 I support the opinion that bitcoin can be very useful and positive affecting the economy of the country but you need to have fresh people in order to take care of it. Otherwise they would just ban it

[domerosan10]

yes really Bitcoin really has a big impact and plays an important role in the economy of every country. Starting from investors who invest or withdraw their money. Then there will be an increase and decrease in bitcoin prices. We'll see the future that will come.

[IMAR]

What I see is that bitcoin is like the evolution of internet and digital currency. It was created to answer the need of our current digital world. Our economy is running on a very fast rate and we need something to handle this kind of change. And I believe that is through bitcoin or cryptocurrency.

[kidamazo]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

I think that at the end we all need to come up with a united decision, because how would you imagine the world in which some countries are allowing bitcoin and some countries are banning it.

[hajimasan]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

Yeah , this is reality that the country will allow to use cryptourrency then surely they will get better success to increase the economy of the country .
Here I would like to target all the people instead to take exmaple of few people , many governments says that Cryptourrency are much risky and harmful Investment stretagy but if we will see it from another side where people are using it blindly , if they are facing loss then why they will use bitcoin or another cryptourrency , surely they are making earnings that why they are using it .
And also as everyone is making earnings then surely they are paying tax for the development of the country and that Results into increase in the economy of the country .
So here we can say bitcoin not only playing vital role in the economy growth but also it allows for the multiple ways to make earnings in different different business to run over the worldwide level .

[Xenoph0bia]

Yes. The decentralised nature of the coin allows the coin to be highly flexible and not bound to any rules and regulations by the government. This removes the chances of corruption as they make a direct contact between the economy and the public without any intermediaries. The coin is now heading towards being a mainstream currency.
Also, it brings the revolutionary idea of a digital, cashless society and hence opens new areas in the financial system. This can make the economy more strong and stable.