The economic impact of Bitcoin

[zorchy]

Bitcoin has the capabilities of positively affecting the world's economy in general. Bitcoin offers good incredible benefits to our finances by harnessing payment methods through the provision of good security, fast transaction, low cost per transactions, owner control of transactions etc.
Bitcoin also offer job opportunities and financial satisfaction to the people and as such boost the economy of the world.

[kamal420]

Bitcoin and the crypto markets has its own economy, and I don't think it affects the outside of its sphere that much seeing that what money goes in on bitcoin, goes out in fiat at the end of the day. Perhaps if one country adopts bitcoin as a side-currency that can co-exist with their own fiat, then it will somehow provide some impact on the domestic economy of that country, but til then the effect is very minimal and exclusive to the crypto markets.

If a huge percentage of the merchants around the world starts sending and accepting bitcoin, we might see some significant impact given that bitcoin is excellent at transnational payments/transactions. Revenues and such in bitcoin and crypto would also be taxed, so there's that as well.

[mamun777]

Bitcoin has the capabilities of positively affecting the world's economy in general. Bitcoin offers good incredible benefits to our finances by harnessing payment methods through the provision of good security, fast transaction, low cost per transactions, owner control of transactions etc.
Bitcoin also offer job opportunities and financial satisfaction to the people and as such boost the economy of the world.

Not really. Most of the countries are fighting on the fact that bitcoin should be accepted or not? In many countries it is used in illegal way, which means people are just using it for the black market and thus when the money is poured into the bitcoin then its like it is lost forever without any taxation and ultimate loss of the government treasuries.

You may think that its advantageous and stuff like that but it has got many limitations. For example, many times people cant even buy the BTC with their bank accounts due to declaration that BTC is illegal tender in their country.

The country where it can be used seems to be limited as well, because there are not enough real world stores where you can go and buy stuff with it. Everything is online and yet BTC have not received everywhere.

[yousufatik20]

Aside from the gaining profit from investment, trading and mining activity, I believe btc was able to make an impact economically like offering job opportunities to people by letting themselves involved in bounty campaign. For those unemployed people, this is already a chance to grab such opportunity to make profit through their participation and with this, this is already have impacted the economy of such country wherein btc had helped a country's economy especially for those who happen to have high percentage of unemployment.

[bdamenaakter]

Bitcoin does have a good impact on the country's economy, but there are still many who see bitcoin as something that is useless and unsettling to many people and even investors because of the ICO project that runs a scam scheme, whereas in fact not all projects run the same scheme. If bitcoin has been recognized all over the world then I also believe that with bitcoin there will be more innovation and more business opportunities and of course it will be better to build the country's economy.

[88percent]

It is undeniable that bitcoin has many advantages other than as a modern payment system and safe digital assets. But Bitcoin can also be a currency source for bounties who work to promote coin projects.

[Arendra]

For the economic impact caused by Bitcoin today is a positive impact. Same with you. that Bitcoin offers extraordinary benefits that are good for our finances by utilizing payment methods through providing good security, fast transactions, low costs per transaction, control of the transaction owner and so on, because of the many benefits. On the other hand, Bitcoin provides work and opens jobs for those who are still unemployed.

[obito uciha]

bitcoin has a big impact on the world economy, it might have a positive impact on its enthusiasts and will have a negative impact on non-interested people. And whether the government will make regulations about bitcoin

[Hongy]

I think the impact of krypto is also good for me that we get a lot of benefits, because I invest in it to get benefits in many ways, especially in terms of trading experience, so I think I will also get more profits.

[spark]

Bitcoin has the capabilities of positively affecting the world's economy in general. Bitcoin offers good incredible benefits to our finances by harnessing payment methods through the provision of good security, fast transaction, low cost per transactions, owner control of transactions etc.
Bitcoin also offer job opportunities and financial satisfaction to the people and as such boost the economy of the world.

Before bitcoin can give impact to the economy of the worlds, bitcoin will provide a positive effect to people who are using bitcoin because they can use bitcoin for many things. People can make money from bitcoin in the short-term and the long-term, people can buy something at online store although it still not many online stores accepting bitcoin as payment, people can have a new investment type. Soon, after many people can get all the benefits from bitcoin, the government will see, and they will take part in cryptocurrency.