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:
: all people who can afford it are obliged to invest in bitcoin, but of course investing in bitcoin is only made as a side job. but of course investing in bitcoin must be in accordance with the capabilities of the community, because society of course consists of rich people and poor people, but in my opinion investment in bitcoin can be achieved by all people, because investing in bitcoin can start with small capital or large capital .
So in that way I think the people's economy will be helped, so in this way a country's economy can also be helped because the community invests in bitcoin.
and finally the government must provide lessons about bitcoin to its people, or add it as a new subject for students, and also provide special lessons for those who are not in school, namely so that people know the risks of investing in bitcoin,
etc.
what is my understanding like that, I ask for your opinion from all of you?
Unfortunately this is a misconception. Bitcoin does not solve the economy's problems, and there are many reasons for that.
For starters, you need to understand how the classical economy of a country works.
Secondly, you need to understand how the monetary system of the state and the central bank works.
Thirdly, bitcoin itself has a lot of inconveniences and problems - and volatility is at the top of the list. Which is a manifestation of its purely speculative nature.
If we go back to the first two points, you should realize that an economy without emission of currency is actually impossible. Bitcoin has no additional issuance. It will also be a problem that will lead to very noticeable deflation when a country's GDP grows. And an "improving economy" is always accompanied by GDP growth. The quantity of goods/services grows over time, money turns into assets, new assets appear again... And the amount of "money" (if we talk about bitcoin) remains unchanged, or at least limited...
These are very superficial problems, but they are enough to realize that cryptocurrency, in its classical sense, cannot help the economy.