Post
Topic
Board Economics
Re: What would be the possible impact of BTC in the economy of a country?
by
wahb
on 28/10/2017, 20:30:56 UTC
The possible impact of the bitcoin in the economy for a country will be good because the people will find faster way of transacting money and transferring money from one point to another. The flow of money will become so much faster and it will make the economy of the country much healthier than before and i think that is the impact of bitcoin and there is nothing to worry about the negative impact because they can be fixed with an ease.
Reducing unemployment, I think it can change the financial position of a country. Because if the government allows the people to deal in bitcoin freely, people will invest in bitcoin and as the past shows the price is growing more and more people will earn money and they will be prosperous. The burden on the government of unemployment will reduce. The inflation rates will be reducing and many other advantages the government should take from bitcoin legalization.