Post
Topic
Board Economics
Re: Why most bitcoin users from good economies countries?
by
Zadeket
on 05/12/2018, 07:45:47 UTC
I think its down to many factors really.  Some of the major factors for people in developing countries are intermittent power supply and internet service which makes it very difficult to either get online or stay online with either of those services not being available steadily.  Also, i think those of us from certain continents have much more disposable incomes that we can afford to invest in crypto without much risks to our daily living standards whereas for some countries, every little amount can make the difference and can sometimes be about survival..
I think intellectual factors in developed countries are supported by government policies, so people are more free to improvise in their lives, including legalizing bitcoin for investment or trade. The government only provides regulations on bitcoin, but does not prohibit it. It even facilitates the progress of the bitcoin business, such as fast internet, bitcoin ATM facilities, and startups that use bitcoin.