Post
Topic
Board Economics
Re: Can bitcoin improve the economy of a country?
by
chineseprancing
on 23/11/2017, 06:13:05 UTC
I think it can because the bitcoin can become a way for them to transact and transfer huge payments which fast speed of transaction and also a cheap fee for their transaction so it will give a huge discount and a way to save money for the country and also for the other people that will use it and those saved money will result to have a better economy of the country because they can use the saved money to make profitable investment or businesses.
Bitcoin will make the way for itself because the bitcoin will be very high and a lot of the countries are investing the bitcoin and they are supporting it, for me it is the point and the investing power that will decide that how much bitcoin you will invest and how much bitcoin you will save for the long time, now the bitcoin is getting famous and the bitcoin is easy to earn by investing the small in the bitcoin.
Bitcoin should help to improve economy of each country, if you know most of the jobless people can get work thru help of bitcoin. Moreover in our country most of the people are already using bitcoin, so it means that they were already aware with the advantage and disadvantage of this crypto currency in the whole.

Therefore, due to good movement of this coin in the whole world exchange of bitcoin versus dollars were largely increase that's why most of the people and investors are attract to increase the numbers of their investment to this crypto. In addition some capitalist are being wise holding their bitcoin amount to their wallet because one wrong move and they will earned lost on their part.