The former CEO of Starbucks, Howard Schultz, who is also known for his opposing view on Bitcoin, is gunning for the oval office, his reason being the distasteful political malady seen today.
The billionaire posted on Twitter that he would contest for the presidency as a “centrist independent” because he is no longer comfortable with the two-party system which has failed to yield results in the United States.
‘Revenge Politics’ at the Detriment of the Country
Schultz opined strongly that the partisan warfare between the Democrats and Republicans is detrimental to the American people. He told 60 Minutes that, “We’re living at a most-fragile time.” He continued, “Not only the fact that this president is not qualified, but the fact that both parties are consistently not doing what’s necessary on behalf of the American people.” “[Politicians] are engaged, every single day, in revenge politics.”
Bitcoin: Schultz Is Not A Fan
Bearing in mind that Howard Schultz does not support Bitcoin, wondering about the progress of the currency under his leadership as president is not out of place. In the past, Schultz has referred to Bitcoin as not “legitimate” and has also said it has no future. In January 2018, Schultz said:
“I don’t believe that bitcoin is going to be a currency today or in the future.”
The former CEO went ahead to say that the currency of the future could be another crypto but certainly not Bitcoin. He said that it must be connected to a “legitimate” establishment “where the consumer has trust and confidence in the company that is providing the transaction.”
A Yes to Blockchain
Not all cryptos are bad in the sight of Schultz, in fact, he admitted that digital currencies could be vital in a cashless future. However, Schultz is all for the blockchain technology. He hinted that the Starbucks mobile app might have a blockchain provision in time to come.
“I think blockchain technology is probably the rails in which an integrated app at Starbucks will be sitting on top of.”
Howard Schultz served as Starbucks CEO from 1986 to 2000 and continued from 2008 to 2017. He has a net worth of $3.3 billion.
Tulsi Gabbard, A Democrat Candidate, Is Not Unfamiliar With Cryptocurrency
Congresswoman Tulsi Gabbard Is a Democrat politician who has declared her candidacy. According to reports, her declaration which came two weeks ago was met with excitement. It is also noteworthy that this candidate is a crypto enthusiast, as she has invested in crypto in the past.
It was reported that in December 2017, Gabbard purchased $1,001 to $15,000 of Ether and Litecoin. The price of Bitcoin at the time was almost $20,000. Gabbard’s current crypto holdings are unknown.
As the 2020 US presidential election draws near, one of the likely topics for debates and political campaigns could be crypto-related, as the growth of the industry can no longer be ignored.