It adds to the value of Bitcoin in moral regard when someone like Andrew Yang, a U.S. Presidential Candidate for Democratic Party says a positive thing about Bitcoin.
In a recent interview to a famous YouTube Channel, Nigahiga, Yang presented the concept of Universal Bitcoin Income. The U.S presidential candidate believes the Universal Basic Income model can develop into the Universal Bitcoin Income model. If that happens, it will eventually make BTC the underlying currency of the corporate world, where these big companies deal with their finances in Bitcoin.
This concept of UBI is very antagonistic because most of the governments don’t want Bitcoin to rule over fiat currencies. Yang has a different opinion on BTC as compared to his opponent, the current U.S. President Donald J. Trump. So, in the upcoming 2020 Presidential campaign, we will see two different mindsets, one against Bitcoin and the other in favor of Bitcoin.
If this idea of Universal Bitcoin Income works and gets implemented on a large scale in future, then it will be a significant achievement for the crypto world — and of course, Yang will be remembered as an iconic figure among the crypto enthusiasts.
Andrew Yang is Optimistic about Bitcoin and Crypto in General
If Yang becomes the President of the United States, we would probably see massive developments in the blockchain and crypto industry. Trump’s opponent has already presented his motto to utilize the technology (Bitcoin) in real-time usage.
Yang is very much positive with the modern technology and believes that instead of getting rid of it, we must find a positive solution to it and utilize it n a positive manner, and fulfill the objective of that technology for what purposes it was invented. He believes blockchain is a great innovation. Talking further on this topic, Yang linked the financial system of corporations with the UBI concept and said that it must be paid in BTC in the future.
In a Democratic debate in Houston, Mr. Yang announced that he would be giving away a dividend of $1K to almost ten families each month. He suggested that these payouts may be given in Bitcoin rather than the USD. Questions are being raised that this freedom dividend campaign maybe against the campaign finance laws.
However, the debate is that Bitcoin’s implementation in real-world is an essential priority for Yang, and this could be a significant breakthrough for the crypto world if Trump loses the next elections.
This is an excellent sign for the crypto community of the United States as at the moment, the President is not a big fan of cryptocurrencies, and different bills are being observed against cryptocurrencies. Yang will have the support of the crypto community of the U.S., and as his incentives are very attracting for crypto users, he will have all the votes in his bank. Let’s see what further plans of Mr. Yang are and how he attracts Americans towards this UBI concept.
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