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
Maybe it can or maybe it cannot, we are just formulating straight hypothesis right now since there are no proofs yet about it and there are no physical proof that a country's economy was saved by bitcoin. If ever we are going to give it a try, I think there's a probability that the economy will rise since crypto implies the use of monetary system with no tax involved and the government also doesn't have a hold on it. It can also make things worst since crypto has very volatile value which means it can betray us and have its price go down hard leading to a much poorer economy.