Post
Topic
Board Economics
Re: Can bitcoin improve the economy of a country?
by
Gagamboy
on 04/01/2018, 14:28:13 UTC

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
I think it depends on how bitcoin is being used within a certain country because for some country, bitcoin is being used for some illegal transactions which clearly negatively affects the economy of a country. I think bitcoin can contribute in a good way through making the citizen of a certain country rich leading to buying some expensive stuffs which is taxed by the government.