Post
Topic
Board Economics
Re: Effects of Cryptocurrency Adoption
by
lionheart78
on 24/03/2023, 21:38:28 UTC
empowering entrepreneurs to innovate and grow their businesses.


How does Bitcoin do this? Do you mean creating wealth for entrepreneurs because I won't agree with that assumption. Or you mean by giving entrepreneurs access to optional financial services for them to leverage on then I will agree because bitcoin is traversing the business world so  transaction of business and payment is easier.

It empowers entrepreneurs because they have a new set of audiences for their products.  Those people who are into Bitcoin can be a new target for entrepreneurs and businesses.  So It does create demands for its services and products by creating new clients and audiences if they add Bitcoin to its mode of payment.  They (entrepreneurs and businesses are also able to tap cross borders clients instantly because Bitcoin transaction is borderless and is globally ready as a payment system.

My opinion on Adoption rates can be driven by dissatisfaction with the traditional financial system and the desire for greater flexibility and efficiency.

Not only that, adoption is also driven by the potential opportunities that may spring out once they adopt Bitcoin.  As what I stated earlier, having new sets of clients and audiences upon adopting Bitcoin and implementing it into their payment system.