Multibillionaire investor, Elon Musk has recently announced his support for Democratic presidential candidate Andrew Yang. This has already started drumming up much talk that is currently hitting the headlines about his supposed support for the Democratic presidential candidate. Andrew Yang has come to be known as the Bitcoin-friendly choice for 2020. His reputation for innovation and his unique stand as regards universal basic income, strong blockchain talking points, and the acceptance of crypto donations has preceded him.
However, it still remains to be seen if the leader of the Yang gang that is Andrew Yang will be a crucial player of Bitcoin in the fullest and complete sense of the word. It will also be fascinating to see which of his fellow candidates might join the bandwagon or even do better.
It is quite interesting that Yang is not the only candidate that is at least a little or somewhat interested in cryptocurrency and the crypto industry. Andrew Yang’s fellow democratic candidate Eric Swalwell announced back in May that his campaign caravan would be accepting donations towards their cause in BTC, BCH, BSB ETH, XLM and stable coin WSD.
Notably, the first of all presidential candidates to have accepted bitcoin donations was rand Paul back in the year 2015. Yang’s contender for the Democratic nomination, Tulsi Gabbard also appears to be interested and invested quite literally. He is listed on an official financial disclosure report as having acquired Ethereum and Litecoin in 2017.
Yang’s position on Bitcoin.
Following Elon musk’s recent tweets drumming up support and pledging his support for the Yang gang, alongside his universal basic income UBI proposal,l it is only prudent that we check to see precisely what Yang states. Many news outlets have reported that Musk is now a pro-bitcoin candidate supporter. In an interview conducted in January by the being libertarian podcast, Yang says in part “I think there should be a national cryptocurrency. You could even put the social credit stuff on the blockchain. “
The social credit system referred to in this quote would potentially add to the UBA proposal, which is to be funded by a new value-added tax. When asked in the interview about raising the VAT prices, Yang maintained that prices are staying the same for most things. Its services like Healthcare, where the real pinch is felt said the candidate.
Nevertheless, this is of some interest, given that the general trend worldwide is currency devaluation. As for regulation Yang’s campaign policy, statement, as of current, maintains, “a national framework for regulating these crypto-assets has failed to emerge with several federal agencies claiming different jurisdiction. At the same time, United States have come up with a jerry-built of wiring regulations that make it difficult for the US cryptocurrency market to compete with those in other jurisdictions, especially China and Europe.”
Elon Musk and other candidates; Crypto.
Elon Musk: “I literally own zero cryptocurrencies, apart from .25 BTC that a friend sent me many years ago” (February 2018). “Dogecoin might be my fav cryptocurrency” (April 2019).
Donald Trump (R): “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air…” (July 2019).
John Delaney (D): “Chair Giancarlo’s speech at the DC Blockchain Summit sponsored by the Chamber of Digital Commerce highlights the need for tech-forward regulatory solutions. We want savvy leaders guiding the country on blockchain” (March 2019).
Tulsi Gabbard (D): (Potentially still holding crypto, but otherwise silent).
John McAfee (L): “We are creating a permissionless society” (September 2018). “Bitcoin is at the mid 10’s, and people worry. LMFAO! Why do you pay attention to weekly fluctuations? Look at the past few months FFS! It is rising drastically. I am still positive about my $1 mil BTC price by the end of 2020. Altcoins like MTC and Apollo will rise ten times more” (July 2019).