Post
Topic
Board Economics
Re: Bitcoin - Can it boost or break a countries economy?
by
BeGoods
on 27/04/2019, 06:14:49 UTC
It depends of what country it is. Like in venezuel, bitcoin saves their country from economic collapse due to hyperinflation rate. since their official currency depreciates its value, people there have using bitcoin as alternative currency!
indeed not all countries can use bitcoin as a financial alternative to make transactions because there are still some countries that do not provide support and legality for using bitcoin.
but several community groups in various countries use and maximize crypto for their financial benefits. of course that is possible to boost country economy, but the magnitude of the influence and boost certainly depends on the number of investors in that country