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 is a great cryptocurrency that holds lots of great capabilities to uplify an economy from nothing to everything. If some of the countries in the world would start using bitcoin, there is a huge probability that most of their economy would rise since bitcoin is a taxless currency and most of the fees you need to pay for it is not as expensive as the tax people are being asked about. Also, if the value of bitcoin grows, it would surely boost up the economy of that certain country. Let's hope one of the country in the world would try it someday so we can see if it's a fact or not.