Andrew Yang, the pro-Bitcoin 2020 US presidential election candidate, wants to pay every adult American a universal basic income (UBI) of $1000 a month, which would likely be very bullish for bitcoin price.
Bitcoin Price Would Benefit From UBI
Yang, who will run as a Democrat candidate, is a self-described “serial entrepreneur” and “opposite” of current president Donald Trump.
His social support scheme, funding for which is currently a hot topic of debate on social media, he has called the ‘Freedom Dividend.’
“Universal Basic Income is a policy where every member of a society, in this case, every American citizen, gets enough money to meet his or her basic needs,” Yang explained in a promotional video uploaded on CNBC March 21.
“So in my plan, the Freedom Dividend, every American adult turning age 18 would receive $1000 a month free and clear to do whatever you want.”
The scheme would naturally involve increased money printing, if not quantitative easing (QE) on steroids. This would inflate the money…