Post
Topic
Board Bitcoin Discussion
Re: is it possible to invest in bitcoin to build a country whose economy is down?
by
fuguebtc
on 23/01/2023, 03:02:26 UTC

I want to ask everyone, can adopting bitcoin help a country's economy? especially countries that are experiencing bankruptcy, for example, as experienced by our brothers in the country of Sri Lanka.

I think investing in bitcoin for a country that is experiencing difficulties is not a good idea, because as we know the value of bitcoin does not always increase, it tends to change. and as we know the country requires quite large operational costs, so btc can't support it all (in my opinion).
btc is only suitable for individual investments not wholesales for example countries

They can still invest in bitcoin but don't think bitcoin will get them out of trouble or will improve the economy. As many people have said above, bitcoin is just an investment tool like other assets so the government can invest, but it needs to be appropriately calculated to be able to bring them a profit. El Salvador is an example, their investment is not yet profitable, but they know how to take advantage of bitcoin's reputation to promote other things in their country, such as tourism, calling for investment from abroad. That's also a way, not just looking for a return on investment.