Post
Topic
Board Bitcoin Discussion
Re: BITCOIN AND ECONOMY
by
Salahmu
on 11/09/2024, 13:08:50 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 -
 first of all it provide employment and source of income thereby regulating the unemployment rate and increasing the efficiency of the economy.
 secondly bitcoin could have hep many countries if they would have acquire some and make it a legal tender years ago.
 thirdly it reduces crime rate in some countries because the reason for some of these crime is unemployment.
 
You are right in some of your statement about Bitcoin but not entirely all the aspect because the first thing you must no is that you cannot be empowered, employed or established through Bitcoin if you do not have the money to startup Bitcoin investment, those who who have been benefiting a lot from Bitcoin are those who invested, so actually from my own understanding Bitcoin does not reduce unemployment rate but instead it presented an opportunity for people to invest and those who trusted it with there funds were the only ones benefiting from there investment. In terms of Bitcoin reducing crime in a country I don't really think is possible because human minds are different and even if everything is at there disposal some of them will still choose crime and besides in the case of Bitcoin it involves capital before investing, so how will it reduce the crime of those people has no money to start?.