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?
I don't think the crypto market will increase GDP growth in some countries. Because it is a financial market, there will be winners and there will be losers. It depends on the knowledge of the participants more.
In the second question, I think Bitcoin will not be greatly affected by any impact of federal data departments.
Because Bitcoin is operating in a decentralized market, it is very difficult to be controlled and affected by the law.