Ninjastic
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Re: The impact of bitcoin on the financial stability of a country
by
andrei56
on 09/04/2018, 21:09:47 UTC
Quote from: atjiat on April 03, 2018, 08:42:20 AM
Quote from: andrei56 on April 02, 2018, 03:27:46 AM
Quote from: KomodoStrikes on March 18, 2018, 11:11:19 AM
Quote from: GreenDee on January 22, 2018, 05:57:09 PM
What is the impact of bitcoin in a country's financial stability?


The impact will be positive, IMO.
Consider Japan's stand on embracing bitcoin and the blockchain technology.
Even if they are already a progressive country, they still adopt bitcoin because they know it will push their country's economy even further.
I think the impact of bitcoin will be different in each country, in Japan the effects are going to be very positive because they have decided to take a step forward and be one of the countries with the biggest adoption of bitcoin around the world, but I think that in other countries there will be a negative impact, why? Because money will begin to flow outside of those countries to go to countries that are accepting bitcoins like Japan.
Undoubtedly, if some countries legalize the crypto currency, then others will be forced to do the same. The fact is that financial relations between countries have a very strong influence on political relations and I think that this will only lead to positive consequences.
I really hope you are right because this can be an unfavorable influence as well, what if many countries begin to ban bitcoin and they begin to pressure Japan to do the same then Japan despite having a likeness for bitcoin and thinking that is a good idea that can help their economy decide to follow other countries just because they do not want to get in trouble.