Post
Topic
Board Economics
Re: Cryptocurrency impact on Economy
by
fuguebtc
on 08/03/2024, 17:08:12 UTC
I don't know about developed countries, but your review is right, because I live in a developing country, the impact of crypto on society is very helpful, although not all people know about it, but it has helped the lives of many people from previously only having a fixed income for a month to now increasing.
In a developing country like the one you live in now, because I also live in a developing country so I can also feel the impact of crypto in some middle class communities and also small communities with not so much income. Because crypto can basically be used by everyone to support their income as long as they have enough knowledge about it, because crypto is a job that has risks so you need a special understanding of it in order to get a better income, even though it's not always routine.


But I really don't understand how cryptocurrencies bring income to people. Has your country adopted cryptocurrency and is the government relying on it to create jobs for its citizens ? Or are you talking about investing in cryptocurrency?

How can a financial market full of risks and fraudulent traps bring stable income or jobs to people? I really wonder about this because in my country, many people become rich by investing in cryptocurrencies but many people are also losing money and going bankrupt because of cryptocurrencies . How can we say it is about creating jobs and stable income to improve the lives of people in a country?