Post
Topic
Board Economics
Re: Bitcoin will control the world economy!!!!! is it true?
by
ASHLIUSZ
on 20/10/2017, 22:15:20 UTC
Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon. 
Yes, I agree with you what you said because bitcoin can control the world economy.
First of all, you two need to read about definition of Bitcoin. Bitcoin can't not control the world economy, actually bitcoin is effected by world economy and opinion of some experts like Jamie Dimon. Bitcoin isn't a weapon too, it can't hurt anyone so if you say bitcoin is a weapon that make no sense.

True. Bitcoin itself is so unstable that it can't control the world economy. Yes it has gained popularity and more and more people are now knowing about it but how can something so volatile, something whose value can change in the flicker of a night can control the world economy. For example, In november 2013 the bitcoin bubble burst and bitcoin fell from US $ 1137 to US $310 a year later, a drop of 73%.
Bitcoin itself seems to be in fluctuation with stability gain happening periodically making it grow. In my personal thinking bitcoin has the potential to make the country grow in economy. The same won't let it control the economy of the nation, it has been very small in market capital compared to gold. So, little by little changes were felt in countries bitcoin is part of their economic management.