Bitcoin is changing the economy in different ways. Let me tell how bitcoin is changing my own economy. Mostly because the younger working class people are the one who use bitcoin, in a way bitcoin has allowed for more money to be in circulation in the country. Younger folks do jobs and prefer to earn in bitcoin which they would later convert to our local fiat and spend it on stuff in the marketplace and other places. This one goes back into the economy and more money goes into circulation. This more money in circulation helps the economy because it increases spending, production, and investment.
The more bitcoin a person earns, the bigger the amount they will convert to fiat. That’s because people invest in bitcoin, or accept bitcoin as a compensation so that they can make maximum conversion once it’s converted to fiat. Where there is bitcoin, that’s where higher amount of fiat is. And once all that fiat is used up, the country’s economy will also benefit.
In reality, bitcoin is a big asset to a positive economy. It’s just that the government finds it hard to admit it as they want to keep boosting their own fiat.