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?
Theoretically, investors is needed to increase GDP. The industries are looking for investors to invest so the industries will have more money to produce more product but the problem is government sometimes print money regardless the amount of gold that the country has then it create inflation. The inflation is good for the industries because their products price will rice but it's really bad for people who have fixed income because the value of money that they have is decrease. I think this is unfair, rich people will become richer and poor people will become poorer. I think bitcoin also can increase GDP as long as it managed in the right way, right method and right person. If we use bitcoin, there will be no inflation that makes poor people become poorer.