Topic: is it possible to invest in bitcoin to build a country whose economy is down? (Read 1026 times)

yes, bitcoin has many benefits, especially for people who understand bitcoin and also know the risks of investing in btc, and I think if
people already know the knowledge about investing in bitcoin, it has great potential for profit and to be honest, I personally have felt the benefits of investing in btc, and my economy and my family are now getting better because my income has increased because of investing in btc and my family are all investing in btc , and I am lucky to live in my country where the government allows people to invest in btc, but the government of my country prohibits btc from being used as a means of payment.

You both all have to come un concession on the major reason why bitcoin was created first, after knowing this, then you will realize about some other opportunities that may comes in through this bitcoin adoption for the people and government to have, bitcoin is a currency, but yet can be use as an asset, investment and exchange means, if through all these mentioned we have more attention on bitcoin for adoption, opportunities like developing a delapidated economy could set in, employment opportunities, financial independency, privacy, trust security and lots more that could ease the development of any country if bitcoin is adopted and permitted for use, these are different channels and dimensions through which we can have the importance of bitcoin being applicable for man use.

Bitcoin was born in 2009 towards the end of the great recession that started In 2007 and ended in 2009 to help solve the economic crisis experienced then due to money printing that resulted in a high inflation rate that destroyed various country's economy as at that time. Bitcoin from that time has become a hedge against inflation because you can't print as much as you way want.

Bitcoin was never invented as a builder of any country's bad economy from going into inflationo/recession, so don't expect that, but rather Bitcoin can save your funds from losing value, since its a currency whose value  likely to increase over long period of time, and as such, whoever invest in Bitcoin today is likely to reap a good sum as time goes on.

I want to ask everyone, can adopting bitcoin help a country's economy? especially countries that are experiencing bankruptcy, for example, as experienced by our brothers in the country of Sri Lanka.

but if my think can! a country by adopting bitcoin will help its economy, as long as it is adopted on a large scale.
for

Yes, country can invest in Bitcoin to build their economy which we have seen in some countries like El Salvador who has developed their country with the help of Bitcoin investment. There are many countries today created a good atmosphere for their citizens to acquire the knowledge of Bitcoin so that they will not depend on one job alone in their countries than to take a risk to invest in Bitcoin and have something special to earn in the future, which is the best thing any government that care for their citizens can do to adopt Bitcoin for the sake of their youths. Based on what other countries saw during the pandemic that reduced many countries economy but those countries that adopted Bitcoin in their countries didn't experienced much collapse in their economy.

Of course, we certainly know that not all countries in the world are progressing, especially in the economic field.

I want to ask everyone, can adopting bitcoin help a country's economy? especially countries that are experiencing bankruptcy, for example, as experienced by our brothers in the country of Sri Lanka.

but if my think can! a country by adopting bitcoin will help its economy, as long as it is adopted on a large scale.
for example as follows:

: all people who can afford it are obliged to invest in bitcoin, but of course investing in bitcoin is only made as a side job. but of course investing in bitcoin must be in accordance with the capabilities of the community, because society of course consists of rich people and poor people, but in my opinion investment in bitcoin can be achieved by all people, because investing in bitcoin can start with small capital or large capital .

So in that way I think the people's economy will be helped, so in this way a country's economy can also be helped because the community invests in bitcoin.
and finally the government must provide lessons about bitcoin to its people, or add it as a new subject for students, and also provide special lessons for those who are not in school, namely so that people know the risks of investing in bitcoin,
etc.

what is my understanding like that, I ask for your opinion from all of you?

I do not know which countries have adopted Bitcoin and their economies have not experienced much collapse during the pandemic, because Bitcoin is still very small in scale for the world economy, and until now Bitcoin can only help the economy individually, not in the form of countries, and is there a country that has a very large amount of Bitcoin? because Bitcoin has always been a rival to fiat so it makes governments don't like Bitcoin because they will prefer fiat over Bitcoin, and if there are countries that have Bitcoin on a large scale then they may now be experiencing concerns because the price is declining.
If you want to improve the economy individually then Bitcoin can be an alternative but only people who understand how to benefit from owning Bitcoins will benefit because not everyone understands how to get those benefits, because Bitcoin is an asset whose value is very volatile.

Yes, country can invest in Bitcoin to build their economy which we have seen in some countries like El Salvador who has developed their country with the help of Bitcoin investment. There are many countries today created a good atmosphere for their citizens to acquire the knowledge of Bitcoin so that they will not depend on one job alone in their countries than to take a risk to invest in Bitcoin and have something special to earn in the future, which is the best thing any government that care for their citizens can do to adopt Bitcoin for the sake of their youths. Based on what other countries saw during the pandemic that reduced many countries economy but those countries that adopted Bitcoin in their countries didn't experienced much collapse in their economy.

It's possible and  beyond its economic implications, the adoption of bitcoin also holds the potential to foster international cooperation and collaboration.

 As countries navigate the complexities of cryptocurrency, exchanging knowledge and best practices can lead to shared growth and progress.

So true. No country has fallen economically after adopting bitcoin either as a commodity asset or as a security asset. And in fact El Salvador seems to be enjoying some advantages in the tourism sector after they adopted bitcoin as legal tender in their country. So actually every country that is open with bitcoin and allows its citizens to invest in bitcoin will make the country have more income from the taxes that are collected by the country from the transactions of its citizens on the exchange. Well in my country in Indonesia have done it. And all went well. The government gets additional revenue from crypto taxes and citizens also feel happy because they are free to invest in crypto as a commodity asset.

So true. No country has fallen economically after adopting bitcoin either as a commodity asset or as a security asset. And in fact El Salvador seems to be enjoying some advantages in the tourism sector after they adopted bitcoin as legal tender in their country. So actually every country that is open with bitcoin and allows its citizens to invest in bitcoin will make the country have more income from the taxes that are collected by the country from the transactions of its citizens on the exchange. Well in my country in Indonesia have done it. And all went well. The government gets additional revenue from crypto taxes and citizens also feel happy because they are free to invest in crypto as a commodity asset.

The only thing what brings a country forward is education.
The biggest issue is to move forward people employed by the country, those tend to slow things down.

So true. No country has fallen economically after adopting bitcoin either as a commodity asset or as a security asset. And in fact El Salvador seems to be enjoying some advantages in the tourism sector after they adopted bitcoin as legal tender in their country. So actually every country that is open with bitcoin and allows its citizens to invest in bitcoin will make the country have more income from the taxes that are collected by the country from the transactions of its citizens on the exchange. Well in my country in Indonesia have done it. And all went well. The government gets additional revenue from crypto taxes and citizens also feel happy because they are free to invest in crypto as a commodity asset.