Re: Can Bitcoin really stabilize any country's economy level?
Currently, it will not help to improve the economy. There is even a danger that because of its volatility, it can disrupt the economy.
The volatility of crypto is due to the trading on markets. Honesty bitcoin has been very stable the last few weeks even if you consider yesterday's pump and dump. The average swing in prices is around 10% and thats not going to differ much for those who trade small volumes of crypto. If we consider an economy where bitcoin is the only source of money then volatility will not be seen in bitcoin but in other altcoins. In other words I believe bitcoin could be considered as a stablecoin in such a hypothetical situation.If really many people start using Bitcoin, they will improve their life. Probably, it can be taken as an effect on the economy. However, I think only the government can improve it.
I dont understand why people keep hoping governments to improve bitcoin. They wont because its not something they want. People should stop day dreaming. 