Of course, we certainly know that not all countries in the world are progressing, especially in the economic field.
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.
but if my think can! a country by adopting bitcoin will help its economy, as long as it is adopted on a large scale.
for example as follows:
Countries who are bankrupt shouldn't see bitcoin as a save heaven because bitcoin is a highly volatile asset, but then Bitcoin have the capacity to transform an economy if bitcoin is bought at the right time and with the right frame of mind, that is taking Bitcoin as an alternative and a long time store of value.
But if a country jump in on Bitcoin when the price is extremely high, it may become another way that the country economy will collapse faster and deeper if the price drop from the high bought amount.
So adopting Bitcoin should not be based on economic recovery, but as a technology that need to be properly studied and understood before verging into it.