Covid economic impact - How can Bitcoin help to boost global economy?

[Kasabus]

The truth is that your question doesn’t make any sense, if you reasoned it properly before posting this you would have known that Bitcoin cannot boost economy of any country. There are ways to boost our economy and it doesn’t have anything to do with bitcoin.,

Even if a country should change their currency to Bitcoin and start making use of it in every way, it’s not going to make them the best country in the world, they will still have a bad economy as long as they don’t do the things they are supposed to do to make their economy to be better, like providing job opportunities, lowering interest rates, increasing real wages and other things that matters.

Bitcoin is not an answer to the problems we are facing today particularly unemployment. Although this crypto market can offer lots of opportunties to earn online, but if the people won't be able to cope up with these internet jobs because they are used with their own jobs, then they can't still survive from this current struggles. People should learn to widen and improve their abilities and skills so they can work and earn an income whether online or offline.

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[MFahad]

The truth is that your question doesn’t make any sense, if you reasoned it properly before posting this you would have known that Bitcoin cannot boost economy of any country. There are ways to boost our economy and it doesn’t have anything to do with bitcoin.,

Even if a country should change their currency to Bitcoin and start making use of it in every way, it’s not going to make them the best country in the world, they will still have a bad economy as long as they don’t do the things they are supposed to do to make their economy to be better, like providing job opportunities, lowering interest rates, increasing real wages and other things that matters.

Bitcoin is not an answer to the problems we are facing today particularly unemployment. Although this crypto market can offer lots of opportunties to earn online, but if the people won't be able to cope up with these internet jobs because they are used with their own jobs, then they can't still survive from this current struggles. People should learn to widen and improve their abilities and skills so they can work and earn an income whether online or offline.

Online earning opportunities are for those who have good skills. Without skills it is difficult to get any online job or work. However through bitcoin the payments can be made easily worldwide and many new internet online jobs have been opened but it can only be beneficial for those who have skills and are expert in their professions.

[MCobian]

With Bitcoin it is very easy to get income from the internet, because now there are so many online job offers with Bitcoin payments.
Maybe this is why many people say Bitcoin can help the global economy. Besides that, we only do day trading with Bitcoin and can
get income from it, so we can buy daily necessities. So I'm including those who agree with the opinion that Bitcoin can help the global
economy.

[SquallLeonhart]

Crypto itself may not be really the solution to this but the blockchain part of it could actually be a solution that people are not looking at.

The difference is with bitcoin you have a whole another economy and you need to build a huge infrastructure on it, right now bitcoin and ethereum has HUGE fee's for example and miners are making a killing but that's about it.

Compare that to for example having regular economy but a blockchain that can show what government is spending money on and where the money comes from, that way people would see that regular poor people pay bulk of the taxes yet the big companies are getting the bulk of the help for some reason and that way with blockchain everyone would be enlightened about how to fix things around, how huge profitable companies should pay taxes and how poor people should get more help and that would fix everything in global economy as well.

[CODE200]

Bitcoin is not always an answer to every economic problem we encounter. Yes, the current pandemic has affected millions of employees and lost their jobs but I don't think we can always push bitcoin in finding a solution for this. Personally, this pandemic also affected my family since my father temporarily had no job during the hard lockdown but I found different opportunities here in crypto that helped my family financially even if my father has no job. It helps me, and for sure most of us here too, but I don't think everyone who lost their jobs can find jobs or income here or something to reduce unemployment.

I agree on this. Bitcoin is not always the solution for every problem. The wrong concept and mindset that people have towards Bitcoin usage make it a lot more complicated that they are expecting too much from Bitcoin expecting it to be always the key or answer to the problem when there are always other alternative ways to resolve the situation. People nowadays are being reliant and dependent on what Bitcoin can do making it and treating it to be the solution for the problem.

The existence of Bitcoin even before did not boost up the global economy which means it is not the answer or solution. Actually the answer relies on our hands as people to make things work together with our governments to create job opportunities and work things out to make a movement on boosting our local and global economy.