Quote from: Triffin on October 22, 2019, 08:22:57 AM

Quote from: yulionoo on October 19, 2019, 11:26:11 AM

Quote from: Warwendal on January 11, 2018, 07:23:02 AM

Goldman Sachs: Bitcoin can be useful for a troubled economy

According 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

yes i think that statement is true. Venezuela is a country that is experiencing an economic crisis. this country is experiencing hyperinflation. the value of the bolivar currency is falling. so find a solution to overcome this problem. if they take out debt, it will make things worse so they choose another alternative, which is to use bitcoin cryptocurrency. the last few years the demand for bitcoin in venezuela has continued to increase. some residents now use bitcoin for everyday transactions.

This is nice advancement in the journey of bitcoin and its general acceptance by people. All other countries shall also follow the strategy of this state and make bitcoin legal. They shall allow their people to seek advantage of this latest technology for living better lives. Venezuela is I guess also launching bitcoin ATM to help their people.

The launching of bitcoin ATM is a proof that world has started realizing the worth and power of bitcoin about changing the financial statuses of people. People are if provided with real knowledge about the worth of bitcoin, I am sure soon the whole world would be after bitcoin. Many other countries trying to improve their economy will follow Venezuela.