Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
Xenophoto
on 11/12/2016, 11:16:12 UTC
Yes maybe, if those people in poor countries can learn to save money and put them in bitcoin instead of in banks, they can retire with good amount of savings. Unlike if they will just put them in banks, in 10 years time their fiat money barely grew.

Well if they were poor in the first place, I wouldn't say that they would have they're going to be having "good amount" of savings just because they put it in bitcoin form. Holding bitcoins is only profitable enough if you invest enough. I bet these "poor" people wouldn't even be able to afford 1BTC. But I guess if they hold long enough, if they wait for decades and nothing bad happens to bitcoin, then 'good amount of savings' surely is on the way. Smiley