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?
I think it is unlikely to stabilize the economy of a country. Because our market is a cycle. When you lose money in investing, there are definitely people who have made a profit from your sale. So I think it's just exchange and not enough people will fail. Bitcoin will sometimes make a country's economy go down if investors have no experience in the field.