Post
Topic
Board Economics
Re: Bitcoin can be gainful for a deplored economy.
by
0t3p0t
on 26/04/2019, 04:56:13 UTC
As indicated by the report of Goldman Sachs, Bitcoin and other digital forms of money can be a decent option in contrast to the national cash for nations with an unsteady economy.
Experts at Goldman Sachs Zack Pandle and Charles Himmelberg said that advanced monetary standards and, specifically, Bitcoin, can turn into a reasonable methods for installment in nations where conventional cash isn't adequately given.
This is why I think my country supports cryptocurrency though not literally legalized but they implemented regulation and for me it is the sign that they accept it or they might see some potential in crypto for the unstable economy. But what if a country's economy is backed by Bitcoin? Just like any country where their fiat money is backed by gold just to make sure they can prevent economic or financial crisis.