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…

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Source: https://thebitcoinnews.com/why-bitcoin-price-would-skyrocket-if-andrew-yang-becomes-president/