Post
Topic
Board Economics
Re: bitcoin in developing countries
by
Pansamantala
on 08/06/2018, 01:55:31 UTC
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
I don't think so. As a matter of fact bitcoin wouldn't have any effect in a certain country's economy. Because it is decentralized and no one could gain or lose in the process but only bitcoin. That's the common misconception by countries that illegalize bitcoin in their territory, tgey think that because you pump your national currency in the system, you are making bitcoin powerful and the country you live in weaker.