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?
We should not forget that Bitcoin is only a payment system, and it is designed to exist in parallel with the national money of the state, and not to replace it. Also, Bitcoin, like any other decentralized cryptocurrency, does not have a direct relationship and relationship with the economy of any state. Therefore, Bitcoin is simply not able to solve the global economic issues of states.
So there is no direct relationship with the economy of a country? what about the function of commodities and investments that are profitable for its users? I think its can change a person's economy and finances right? and the big effect can help a country's economy?