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?
No it cant do that. And by the way Bitcoin is not what a country in such a situation needs. I believe that any country that is having economic problems, the only solution for them stop it is by working really hard and thats in the hands of that countrys government to decide. The government is the one that can help their country out of such a situation.