Bitcoin alongside other cryptocurrencies has aided the economic development of many countries.
This topic has been discussed a lot, and everyone has their own opinion in this regard, but my opinion is that if we look at the countries that have regulated cryptocurrency, cryptocurrency has really helped the economic development of all these countries. I have helped to some extent—not completely, but to some extent, it has been acceptable. Examples of these are in front of us, like El Salvador, the United States, Singapore, and India. All these countries have improved their economies to a great extent by benefiting from something as reliable as Bitcoin. Moreover, Bitcoin adheres to all the standards that are acceptable for a better economy... But in my opinion, it is not wise to relay the economic status of a country on Bitcoin, because Bitcoin is very volatile, so it is not wise to leave the economy on such a volatile thing.
But this is my opinion; one can disagree.