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Andrew Yang: Pro-bitcoin president in 2024?
Andrew Yang: Pro-bitcoin president in 2024?
Bitcoin

Andrew Yang: Pro-bitcoin president in 2024?

By Marco Cavicchioli - 21 Feb 2020

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The pro-cryptocurrency presidential candidate, Andrew Yang, is already looking at 2024

In fact, he has already withdrawn from the 2020 Democratic Party primary due to the failed results in Iowa and New Hampshire in early February. 

On Twitter, however, he has already published a redesigned version of his presidential campaign logo, in which the final zero has been changed to a four to explicitly suggest that he will be running in 2024

Yang ran for Democratic Party primaries back in 2017, the year after Donald Trump was elected, and he is only the third East Asian citizen of the United States to run for the US presidential election. 

His ideas and proposals have long been known, and in January he gave an interview in which he spoke explicitly about the need for cryptocurrency regulation

Moreover, Yang had specified that the goal would be to achieve greater transparency so as not to lose competitiveness in international markets, given that the underlying technology has high potential. 

Moreover, Yang is a startupper, which means that he is very close to the technological innovation sector. Last year he even obtained the explicit support of Elon Musk, another well-known startupper very interested in innovation. 

He was the first candidate for the presidency of the United States of America to accept bitcoin donations, to the extent that he founded a super PAC (Political Action Committee) called Humanity Forward Fund (Humanity FWD), which is openly in favour of Bitcoin. 

Recently, the regulation of cryptocurrencies has become part of the debate among presidential candidates, although still only on the sidelines of initiatives aimed at exploiting the power of the US financial system, though Yang is now out of the picture. 

Yang announced his withdrawal on February 11th, 2020, on the grounds that the results obtained were not sufficient for him to expect a victory. Yang’s campaign was largely based on online activity, making him very popular on the Internet. 

The New York Times dubbed him “the Internet’s favourite candidate”, mostly because his supporters have always been very active on Reddit, Facebook, Instagram, Twitter and other social networks. 

It is likely that his success was mainly due to the younger generations, who do not constitute the majority of the electorate. A 2019 poll even revealed that he was by far the candidate with the highest rate of support from university students, with as many as 18% of Republican students claiming to support him and not Republican Party candidate Donald Trump. 

But clearly, he didn’t have the support of the older age groups, so much so that he had a bad result in the New Hampshire primary that led to his resignation. After the announcement of the withdrawal, however, he had already declared that he was just starting, in fact, he did not cancel a possible candidacy for the election of the mayor of New York. 

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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