Post
Topic
Board Bitcoin Discussion
Re: BITCOIN AND ECONOMY
by
Fiatless
on 10/09/2024, 15:50:52 UTC
Bitcoin has many things to do with the current economic situations in different countries,some of these what bitcoin has done to the economic of many countries are -
Bitcoin alone cannot improve the economic conditions of a country. The best they can do is to make favourable Bitcoin policies and/or invest in Bitcoin. Making policies like legalizing Bitcoin and giving incentives to crypto companies can attract more investors to the company. This can create employment and increase government revenue via taxes.

Just like El Salvador some countries might buy and keep Bitcoin for a long time. They might make some profit if the price rises in the future.