Bitcoin can potentially play a role in the economic growth of a country which can make a huge difference in the multifaceted progress of that country. If Bitcoin can be integrated with the way in which the traditional financial system of the country is growing, the global economic system can be radically changed.
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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.
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Positively, the creation of Bitcoin has had a good impact on the global economic system even though some have viewed Bitcoin negatively from the past until now.
From a currency perspective, Bitcoin provides convenience for openness because anyone who uses it does not need something complicated. Basically because the one who controls Bitcoin is not another person or a third party but the individual who owns Bitcoin.
Because the use of Bitcoin can be used as a long-term investment asset because of hedging, it is no wonder that many countries continue to try to adopt Bitcoin in their own way.
If El Salvador dares to issue legal regulations to legalize Bitcoin as a legal tender, then when this American state becomes the center of attention of investors, it is not surprising. From the economic sector, for me El Salvador has made many changes even though I cannot show positive changes in a real example.