Post
Topic
Board Economics
Re: Do you think Bitcoin can end poverty? In a nation today
by
MissNonFall9
on 12/05/2024, 05:48:23 UTC
For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.
Poverty is a social problem and I don't think Bitcoin can play a direct role in alleviating the problems of those who are poor in our society (I could be wrong) because to those who live below the poverty line directly converting them by bitcoins would seem like poor horse sickness. The poverty rate can be gradually reduced through the economic development of the country by Bitcoin. But yes many people have revolutionized their economic development through Bitcoin.