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?
Bitcoin can hardly help to cope with problems within any particular country. Any country involves internal regulation. From this it follows that the government will regulate the circulation of bitcoins as well. It would be much better if the country becomes a loyal jurisdiction for cryptocurrency startups. Like Malta, for example.