My region has been deep into economic instability and facing economic crisis in various aspects and I want to know if there is any way bitcoin or crypto currency can help resolve the problems and revive the economy? I know that bitcoin didn't come to the world to take over fiat currency but is there anyway bitcoin can resolve it?
While Bitcoin does not solve all the economic problems that arise in different countries.
The first cryptocurrency very well helps to overcome the sanctions associated with the ban on the use of settlements in dollars and euros, as well as the freezing of settlement bank accounts. Bitcoin is innovative money, this is what encourages people to use Bitcoin in certain situations.
At the same time, the reasons for the economic problems of states may not be in the monetary plane, but have other fundamental reasons. In this case, Bitcoin will not be able to help resolve the situation.