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?
Diminish fiat ? Hmph
there are lots of other online payments, that are far much better than Bitcoin, so I dont know why you think thats going to happen. And by the way, Bitcoin has nothing to do with economy, so it does not have any impact on any countrys economy. Bitcoin is on its own.
I believe if any recession occur in global economy then we may see how bitcoin may help people in hard time. I guess that alone will be a practical way of understanding how bitcoin may influence in stabilizing one country's economy level.