Post
Topic
Board Economics
Re: Cryptocurrency usage will boost economy or make it worst ?
by
Silberman
on 14/02/2020, 17:25:19 UTC
I do not think that the use of bitcoin will somehow affect the economy, because it is just a currency. The economy is primarily affected by investments and commodity circulation.
If you start using bitcoins and investing them in the country's infrastructure, then this can lead to very positive consequences.

All financial transactions should also be carried out in bitcoin, so you can switch to cryptocurrency and untie it from pricing in the context of fiat.


A currency is a medium of exchange and the way to try to answer the question about the value of each thing, so it is obvious cryptocurrencies are going to have a huge effect on the economy especially if fiat currencies begin to show their flaws and people lose their faith in them, I really think that cryptocurrencies are going to have a positive effect on the economy at large but we will need decades to see that effect on full force.