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 quite difficult that bitcoin can stabilize the economy of a country now, considering that now bitcoin is still considered illegal by many countries if it is used for buying and selling transactions because it will have a negative impact on a country's economy due to a weakening currency because it is replaced by bitcoin , if referring to the limited number of bitcoins, it can indeed be expected to make the economy stable and even increase but on the other hand it will have an impact on the country's fiat exchange rate, I would rather suggest that if a country's economy wants to be stable then the country must dare to limit fiat money production