As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?
As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
Bitcoin doesn't help the GDP because it is not counted in the annual GDP calculation in most if not all countries. From what I understand, bitcoin and crypto overall is entirely eliminated, so the real GDP of any economy is never out,as many factors are never considered because of many reasons. So you can never know if bitcoin helps solving economic issues or not. IMO, it doesn't. It can help a few citizens here and there but an economy wide issue is too much. Bitcoin's markets still aren't mature enough for that.