Post
Topic
Board Bitcoin Discussion
Re: effect of bitcoin on institutions and global economy
by
hd49728
on 01/04/2023, 03:31:25 UTC

how would the wideespread adoption of Bitcoin as a primary means of payment and store of value affect the global economy, including the stability of traditional financial institutions,
the role of governments in monetary policies, and distribution of wealth and power among different groups in society?
Bitcoin was not created to help governments. It was created to help people have financial freedom with their own keys. With Bitcoin private keys, they have their own banks and their coins won't be seized by governments or banks if they don't commit crimes.

Governments have to solve their problems from their economic designs, policies and Bitcoin can not engage with them.

Fortunately, Bitcoin can help to redistribute wealth in society. With more people get rich by Bitcoin, we are witness wealth distribution wave globally.