Do you believe that bitcoin can transform the global economy?

[Potuse]

There are speculations that bitcoin is the future currency and it can transform the global economy . People have started adopting bitcoin so that they could use it and make huge profits in the future. They envisaged that the future of Bitcoin will be exceedingly great.

 

[Planbizzle]

In developing countries, the use of bitcoin and other cryptocurrencies has the potential to elevate social and economic standing. Blockchain technology has the potential to transform the global economy. Bitcoin can accelerate economic development by facilitating easier access to capital and financial services on a global scale.

 

[eenya00]

But also most developed countries are against the use of Bitcoin as a legal tender in there Various countries like china has banned the use of Bitcoin and other forms of cryptocurrency

In developing countries, the use of bitcoin and other cryptocurrencies has the potential to elevate social and economic standing. Blockchain technology has the potential to transform the global economy. Bitcoin can accelerate economic development by facilitating easier access to capital and financial services on a global.

 

[Danny4cash]

I believe that bitcoin have a bright future. Many platforms have integrated it to their payment options and see many adding it in the future. The only challenge bitcoin will face is government opposition to it. Due to its anonymous nature and inability of government to control, some countries have either banned it or advising the citizen against it.

 

[Grant]

I don't trust it enough to be a major aspect of our economy. It's too volatile. The worth drops too much to consider it for those means. It's and addition to what we already have, but I don't think it can be used towards the global economy.

 

[Riberet19]

I do not think that it is Bitcoin itself that can change the economy itself, but rather the technology that supports it, that is, the Blockchain. It is already known, for example, that the stock market wants to be tokenized and that will be thanks to Blockchain technology, in terms of I also think Bitcoin has a good future due to its fundamentals.

 

[Mayorla]

Yes, I believe that Bitcoin would transform the global economy, I think the transformation is in process already.
Bitcoin has a digital currency has brought ease in doing business especially for ones that is cross-border.

 

[Ononivami]

Yes, I believe that Bitcoin would transform the global economy, I think the transformation is in process already.
Bitcoin has a digital currency has brought ease in doing business especially for ones that is cross-border.

I think that the major reason why bitcoin could be used as the world reserve is because it is a deflationary cryptocurrency. While we actively involved in cryptocurrency all over the world, it continue to gain power.

 

[joy101]

the way bitcoins is going I think it can contribute to economic growth, because it is profitable,it is a very nice business that can generate income and a person can make good profit from it, expecially now that we are in a computer stage.

 

[Yohanna]

Bitcoin has earned a lot of users and that is why it will transform the global economy . In terms of financials, the bitcoin as taken a lead in the financial system because it is used by many people to carry out different kinds of financial transactions.

 

[Nomad]

The world's most valuable asset is gold, which has a market cap of 12 trillion USD, Apple stands second with 2 trillion. When Bitcoin was at its peak, it was one of the top 10 assets by marketcap. I can see bitcoin and crypto market in general helping the world economy someday.

 

[Heatman]

Personally, I believe that Bitcoin is capable of changing the world's economy and every government is very aware of this which was the reason why most of them fought so hard to prevent Bitcoin from achieving its full potential but they have not been completely successful because Bitcoin is still in the game even up till today.