Quote from: GbitG on Today at 02:40:56 PM

Quote from: Tellek Garing on September 23, 2023, 05:45:32 AM

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.

I agree that everyone has their own opinion on any issue but to be more realistic, we need to have some evidence of what we say. Do you have any evidence of how bitcoin is helping to improve the economies of the US, India or Singapore? Because I have never heard any news about this before.

According to a report a few days ago, the entire stock market has evaporated 1 trillion USD after the Fed's hawkish statements, and if compared with the cryptocurrency market, with a total capitalization of more than 1 trillion USD. So in your opinion, can bitcoin really improve the economy of a country like the United States?