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.
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Bitcoin was never invented as a builder of any country's bad economy from going into inflationo/recession, so don't expect that, but rather Bitcoin can save your funds from losing value, since its a currency whose value likely to increase over long period of time, and as such, whoever invest in Bitcoin today is likely to reap a good sum as time goes on.
Bitcoin was born in 2009 towards the end of the great recession that started In 2007 and ended in 2009 to help solve the economic crisis experienced then due to money printing that resulted in a high inflation rate that destroyed various country's economy as at that time. Bitcoin from that time has become a hedge against inflation because you can't print as much as you way want.
You both all have to come un concession on the major reason why bitcoin was created first, after knowing this, then you will realize about some other opportunities that may comes in through this bitcoin adoption for the people and government to have, bitcoin is a currency, but yet can be use as an asset, investment and exchange means, if through all these mentioned we have more attention on bitcoin for adoption, opportunities like developing a delapidated economy could set in, employment opportunities, financial independency, privacy, trust security and lots more that could ease the development of any country if bitcoin is adopted and permitted for use, these are different channels and dimensions through which we can have the importance of bitcoin being applicable for man use.
yes, bitcoin has many benefits, especially for people who understand bitcoin and also know the risks of investing in btc, and I think if
people already know the knowledge about investing in bitcoin, it has great potential for profit and to be honest, I personally have felt the benefits of investing in btc, and my economy and my family are now getting better because my income has increased because of investing in btc and my family are all investing in btc , and I am lucky to live in my country where the government allows people to invest in btc, but the government of my country prohibits btc from being used as a means of payment.
For those with the intelligence to understand Bitcoin, like you and I, it's a goldmine. The benefits are not just individual but ripple through society. Just look at your family, for example. Progressing economically due to the sheer might of BTC, while the naysayers just stand by, drowning in their ignorance. The fact that your government has the sense to allow Bitcoin investment is commendable. And as for them not allowing it as a payment method? A short-sighted move. They might as well try to stop the tide with a broomstick! The future of finance is crypto, and it's time the world woke up to that fact