Can Bitcoin really stabilize any country's economy level?

[bravehearth0319]

No, it will not stabilize any country's economy because bitcoin is decentralized meaning the government does not have any control over it. Another problem is how could the government earn from those bitcoin financial transaction if it is unregulated.

[Indai24]

No, it will not stabilize any country's economy because bitcoin is decentralized meaning the government does not have any control over it. Another problem is how could the government earn from those bitcoin financial transaction if it is unregulated.

I agree. Bitcoin doesn't have anything to do with our economy. It's the government who plays a very important role when it comes to stabilizing our economy because they have the authority and the power.

[Lumi3004]

Bitcoin to stabilize the economy depends on the country and the government how to respond to it.
On the one hand Bitcoin thinks positively and from the other it thinks negatively,
well for this matter, overall Bitcoin can boost the economy of all circles, both government, banks, and the wider community.

[guoyu78]

I don't think so, but bitcoin probably can be one of supporting factors to increase the economic levels of country. The economic improvement or level is measured by several factors such as the national income, national products, job vacancy and positive improvement that tends stable and continuously improve.

Bitcoin can contribute to make the economic stable while the users or holders of bitcoin is convert it to the real fiat then use it for purchasing national products. It is automatically support and boasted the purchasing power.

Yeah, most of the time, I believe the best we will get to see is as a supporting factor which can be used to help the country's growth and development in a way, and not just bitcoin but blockchain technology at large, but at the same time, this is largely dependent on the country's leadership and how ready they are to really want to help boost the economy and not get to do something that will disrupt the way they have been doing things, most especially when it has to do with some corrupt practices.

Stabilization of a country's economy is not something that will just happen without some things being put in place on its own, and bitcoin will not just perform a miracle on an economy that is not even ready to want to have a change.

[cc80aa]

   I think that is non all country are arguments on bitcoin is slill on going on every country, some are banning and also some are acknowledging but not accepting is still can do transaction.we need more time to accomplish perhap acknowledging is close but we need a standardisation hopefully we can address it.

[yusupjatigumilar]

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

I think it is quite difficult that bitcoin can stabilize the economy of a country now, considering that now bitcoin is still considered illegal by many countries if it is used for buying and selling transactions because it will have a negative impact on a country's economy due to a weakening currency because it is replaced by bitcoin , if referring to the limited number of bitcoins, it can indeed be expected to make the economy stable and even increase but on the other hand it will have an impact on the country's fiat exchange rate, I would rather suggest that if a country's economy wants to be stable then the country must dare to limit fiat money production

[Dilerium90]

I think, that Bitcoin can't really stabilize any country's economy level, because this is a great currency for speculation. It is not so good and technically perfect to replace fiat money in my opinion.

[pharaon]

It is difficult to answer this question, but at the moment Bitcoin can not significantly affect the improvement of the economy and the increase in the country's GDP. I believe that blockchain technology can improve some areas of activity and therefore this technology is gaining popularity.

[LickKing]

For some small economies, this situation is still uncertain, but I don't think it will be realized for an economic power. Please note that the original financial system is still strong, and Bitcoin is just a new star that has just ignited.

[biskitop]

it could be, especially for developing countries where inflation often occurs even hyperinflation of foreign currencies. because bitcoin has the same exchange rate globally, inflation and hyperinflation can be minimized and may help the economy become more stable.

[KesoNie]

it could be, especially for developing countries where inflation often occurs even hyperinflation of foreign currencies. because bitcoin has the same exchange rate globally, inflation and hyperinflation can be minimized and may help the economy become more stable.

For me Bitcoin could be helpful to stabilize the economy of a country but the problem other country not accept crypto. If there country have many people using Bitcoin then surely they will lessen the jobless people in there country. Even sometimes Bitcoin is unstable it can still help to someone especially in financial, so if that person are using BTC they also help there country to lessen the unemployed.

[geopolisch]

In my opinion, bitcoin can not function to stabilize an economy, it can only increase its GDP by allowing investors to make more money. However, because of its instability, the stabilization function of the economy seems to belong to stable currencies other than bitcoin.

A good point there! We have seen the likes of Japan's GDP increase over time, based on the possibility of legalizing and regulating cryptocurrency. Bitcoin itself is not just some miracle performer that will start helping to fix things, it is just a tool.

Tool for payment which could help bring freedom in some certain ways and make it easy the way we do transactions, save time in most cases as well, when compared to having to use the banks, with their crazy shitty policies. A country's economy will have a lot to do with the leadership and for a corrupt setting, there is just so little bitcoin can do at all.

[Lorence.xD]

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

I think no because there are certain issues a country was facing through and many factors are affecting this problem and if you were thinking Bitcoin can save them from that economic issue, well it's not. It is just like the case on poverty that only manpower and physical resources can resolve. Bitcoin is not mainly concerning the stabilizing of one country's economic state. The scenario will still depend on how its government and people will work together to work out a solution to resolve the problem. Not at all times we must rely everything on a single think that we think can save us all because that is impossible. There are many ways to be used to come up on a better or even best solution not just thinking and expecting that Bitcoin can do it all for you.

[owlman]

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

At the moment, not many countries are ready to accept / legalize Bitcoin as a means of payment and integrate with the country's domestic economy, also not many people are ready to use Bitcoin as a payment, therefore at the moment Bitcoin cannot drastically improve the economy, but in the future it will possible.

[alex_gr_cc]

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

Bitcoin can hardly help to cope with problems within any particular country. Any country involves internal regulation. From this it follows that the government will regulate the circulation of bitcoins as well. It would be much better if the country becomes a loyal jurisdiction for cryptocurrency startups. Like Malta, for example.

[Sirait]

Bitcoin won't be able to do that but Blockchain can do that, if every country develops Blockchain technology and creates their own crypto currency, I believe the economy in each country will be stable and the gap between rich and poor countries can be eliminated...

[setialovers]

In my opinion, with limited supply bitcoin maintain price stability and inflation and i am believe it will avoiding economic crisis. Crisis always happen because bad debt and its happen because interest rate always increased.
With bitcoin system and decentralized system, i do believe bitcoin can eliminate economic problem.

[LeaderAMB]

people that join in bitcoin, high percentage will success. i mean, they must know all about crypto, you must know about the point of bitcoin.
government can invest in bitcoin to, they can take muhh profit if do that. they can make payment across the world via cryptocurrent, its easy than print money.

Actually people who join in bitcoin, maybe have high percentage to be highly successful, but also it  can make people more and more frastrated, I mean people can be more likely to get failure. As we all know, the oustading feature of bitcoin or many other coins that no one can deny is notoriously volatile, thus obviously the number of people who really profit from this digital currency is not sure, perhaps some gets nothing. Anyway, bitcoin can partially help a number of people to improve their life, but also it makes some get frustrated cause of losing, therefore I don’t think bitcoin can stablize country’s economy level.

[yitzjoe]

if we expect the stability of the country's economy then the answer is that we will continue to be spoiled with monetary policy which can become an economic crisis or inflation that continues to increase annually, we are increasingly dependent on fiat values where the value formation factor is political and demand from elite bankers.

[BennyK]

Bitcoin has the intrinsic feature of enhancing the economy of a country especially the country which integrate Bitcoin and utilizes the Blockchain technology. With Blockchain, there is generation of job opportunities for the people and creation of financial freedom and satisfaction for the people.