Post
Topic
Board Economics
Re: Can bitcoin improve the economy of a country?
by
Sled
on 20/06/2017, 12:18:52 UTC
Of course bitcoin can help improve the economy of a country, because I've seen a lot in this community they've made bitcoin as an income and even a full-time job for them. Indirectly they have helped improve the economy of the country even someone unemployed has a good income from bitcoin, for them the reason is only one because of the very high bitcoin prices that make their income from bitcoin for the better.
The fact that people make money on the Internet does not help the economic development of the country. Moreover, these amounts are not taxable and therefore they have a negative impact on the economy. It is for this reason the governments of all countries are grappling with a turnover of bitcoins.
Bitcoin helps the economic development because if the people make money in the internet then in the end of the day, they will cash it out and spend their money on buying things that they need and want and in that way, they are capable to exchange their money to something and their money will be added to the income of the country and if the country makes money from sales or taxes then it has been added to their progress in economic development.