Enhancing Investment and Economic Diversification: A country can attract investment and increase the scope of employment through innovative activities using the wide range of technologies of Bitcoin and Blockchain, which can greatly contribute to the economic growth of the country. Countries such as El Salvador, for example, have explored Bitcoin alongside traditional financial systems to further strengthen their economies, and their scope continues to grow.
El-Salvador did break the internet by having to legalize Bitcoin for a legal tender and since then, they haven’t been off the news as, it’s been met with mixed reactions based on market conditions. Even then, it is possible that Bitcoin and cryptocurrency assets could help the economic growth of a nation. This would be in terms of wealth redistribution.
Where, you can sell your Bitcoin far and near, get some of those funds from where ever to invest in something locally.
Also, by purchasing products from places foreign to you using Bitcoin, your very much involved in import and export of products which is a plus to the economy.
Financial inclusion of common people: Bitcoin can contribute to the economic growth of a country by including a large population by opening access to savings and buying and selling beyond the limited services like conventional banking system.
This comes in play in terms of, the opportunity Bitcoin offers where just anyone could buy in and buy in with as low as they’ve got, using the knowledge theyve acquired to grow their portfolio.