Sunday, June 16, 2019

2020 U.S. Presidential Candidates’ Opinion About Bitcoin

The election season is almost in full swing, but what we like every other crypto enthusiast out there is more interested in, is the opinion of the next potential U.S. president. Does he or she support bitcoin and believes that blockchain has great significance? Heck, they may as well envision each of these as a disaster that is just waiting to happen. Who knows? Let’s take a quick look.

John McAfee:

McAfee

John McAfee is not just popular for his antivirus software, but also as the first U.S. presidential candidate to be on the run from the law. The 72-year-old believes that cryptocurrency will set people free from the bondage of the government. According to him, the latter has used money to bind people in chains and has also kept national issues a secret from them.

Now, if there’s any candidate that is confident in the potential of bitcoin, then here’s your guy. On a more brighter note, he has proposed that if bitcoin doesn’t hit $1 million by 2020, he will “eat [his] d*ck on national television”. Is that too much of an expectation? Well, it’s an unpredictable market we’re talking about. Nonetheless, if this fails to show, at least we have something else to look forward to on TV.

Howard Schultz:

Howard Schultz Starbucks CEO

Howard Schultz, the former CEO of Starbucks has also made headlines for his statements regarding bitcoin and blockchain technology. Schultz believes that bitcoin is not going anywhere today and even in the near future. But hey, don’t take his word for it, you might as well choose to hang onto that asset of yours a little while longer.

Blockchain, on the other hand, is what the former CEO believes people should be dealing with. According to him, the distributed ledger technology is important and also, digital currency has the possibility of becoming the future of payments. Nonetheless, while bitcoin is also a digital asset, Schultz doesn’t see that future revolving around it.

Elizabeth Warren:

Elizabeth Warren is not very happy with the way virtual currencies are used to scam investors. As such, the 2020 U.S. presidential candidate has encouraged financial regulators to be more stringent. Warren has also pointed out that a lot of risks are posed to retail investors especially in the area of Initial Coin Offerings (ICOs).

On October 11, Warren said:

The challenge is how to nurture productive aspects of crypto with protecting consumers.

Andrew Yang:

andrew yang 2020 U.S. Presidential Candidate

We’ve had a black man for president, so why not an American guy who looks Chinese? Awesome! But not so fast, what has Andrew Yang got to say when it comes to bitcoin. The entrepreneur on July 24, 2018, stated that he will be accepting bitcoin, ethereum, and other cryptocurrencies as donations during his campaign.

However, in a later tweet on November 24, Yang said: “Bitcoin losing value is a continued “risk-off” signal for speculative assets.” Asides virtual currencies, the Democratic presidential candidate stated that if elected president, Americans between the age of 18 to 64 years will receive $1,000 every month.

Enjoyed this article?
Subscribe to our mailing list and receive the hottest news directly to your inbox!
 

More Articles