Determinants of Bitcoin Adoption in the Global Economic System -An Analytical Study of Emerging Markets-

Abstract

The main argument of this study is that The adoption of Bitcoin in emerging markets can significantly impact the economic development. Via a detailed analysis of the current state of financial access in developing countries and the potential benefits of Bitcoin use, it becomes clear that Bitcoin has the potential to revolutionize the traditional banking sector. By providing a secure and efficient way to conduct transactions Bitcoin could empower individuals who are currently excluded from the formal financial system. The decentralized nature of Bitcoin can also promote economic freedom in emerging markets