Post
Topic
Board Economics
Re: The link between Bitcoin and the economy
by
doomloop
on 28/12/2022, 19:03:10 UTC
Bitcoin is part of the world economy so surely the two will be related. But bitcoin is too small and not widely used to say bitcoin will have an impact on the world economy. But in the opposite direction, certainly yes, the economy has a strong impact on the development of bitcoin.
The two are inseparable. In fact, Bitcoin provides a more convenient storage and payment tool for people who cannot use the centralized financial system for various reasons. Bitcoin is also subtly affecting the global economic order. After all, some countries have shown a very friendly attitude. Singapore has become the center of the global digital currency and crypto world. This is very surprising and surprising.
I think they can be separated. The world economy is already there even before but Bitcoins are only invented on 2008. Some cryptos are going down, one by one and what if BTC is next in the list? But, people can still live normally even after that. The pain is only at the beginning but they can surely moved on. BTC has its advantages other than the disadvantage and you already describe some of them.

We know centralized financial systems are too complicated and there are times where people experience a problem. BTC now has been their go-to alternative. It works like a charm. This people are glad that BTC have been invented. It's a game changer.