Post
Topic
Board Bitcoin Discussion
Re: BITCOIN AND ECONOMY
by
synchronym
on 18/09/2024, 14:03:21 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.
 And lastly bitcoin rescues many families and individuals get rid of poverty thereby increasing the quality of life ,helping businesses,and helping the economy in different ways.
Bitcoin has really help the economy , this is just a nutshell of some notable works bitcoin has done to economy of many countries so i don't really see the reason why the government of some countries failed to make it a legal tender till now even after seeing what it has done to their economy.
Bitcoin can certainly have a big impact on the economy as citizens of countries where Bitcoin is legalized are enthusiastically investing in Bitcoin and driving the economy.  But in a country like ours where Bitcoin is not legal, we have to invest in Bitcoin secretly. Of course, it contributes to the economy to some extent.  Day by day bitcoin is becoming popular if we can subtract properly in bitcoin of course we can do to get enough muna with bitcoin investment this profit of course if we calculate it has a lot of effect on the economy.  In Bitcoin investment many times we lose patience so we should not lose patience if we can invest with patience and plan surely we can achieve a lot of success through modesty.