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 no because there are certain issues a country was facing through and many factors are affecting this problem and if you were thinking Bitcoin can save them from that economic issue, well it's not. It is just like the case on poverty that only manpower and physical resources can resolve. Bitcoin is not mainly concerning the stabilizing of one country's economic state. The scenario will still depend on how its government and people will work together to work out a solution to resolve the problem. Not at all times we must rely everything on a single think that we think can save us all because that is impossible. There are many ways to be used to come up on a better or even best solution not just thinking and expecting that Bitcoin can do it all for you.