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?
No! Bitcoin is not a magic wand which will be able to solve an economic problem or instability. Rather bitcoin is more unstable than any other fiat currency. Its price moves from one pole to another in a matter on minute. So when it comes to stability, bitcoin is not a great choice to be made.
Bitcoin can do wonder only if you can hold it till the next bull cycle and get out at a correct time. Bitcoin can help where there is no banking service. Bitcoin can help the people to pay and get paid digitally. When it comes to resolving the financial issues, an economist will be a better choice rather than adopting bitcoin.