We all know the Monetary System and how it works. And in this modern era, we often use fiat money and digital money and since the beginning of the fiat money, debt co-exist with it. The debt ceiling is constantly rising because of the number written in our bank books, on a piece of paper that states we have money.
Now BTC comes and a new type of money emerges. And because of the possible growth of the BTC's value can BTC really bring a country on its knees?
I am not an economist but this seems to be identical to the case of the emergence of fiat money.
It is possible, if we are going to talk about those poor countries like Africa, since that they need money, then, using bitcoin could be there way to rise up from poverty, and they are going to worship money if they are going to get addicted to it, especially those greedy people, and if they are going to worship money, then they are going to bend their knees or do whatever it takes just to earn money.
But this is just my thought about this topic, I am not saying that it will going to happen in the future, I am just giving my opinion about this.