Goldman Sachs: Bitcoin can be useful for a troubled economyAccording to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.
Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.
Goldman Sachs experts: crypto-currencies can help the troubled economy
Bitcoin has all the ability to lift up an entire economy if only it would be allowed by the government of a certain nation. Convenience would not be the only thing that may be given to the people but also the chance to have an extra income through investments. Unlike fiat, bitcoin is a volatile currency, that means it grows and falls sometimes but if only the blockchain would have lots of investors, then the price will surely rise. Though it's a good ide, having bitcoin save an economy is still a theory since it is not proven yet since it is not tolerated in some country.