Elon Musk Supports Yang – But Does Andrew Yang Really Support Bitcoin?

There’s much talk about multi-billionaire innovator Elon Musk’s newly announced support for Democratic presidential candidate Andrew Yang. Yang, known as the Bitcoin-friendly choice for 2020, has a reputation for innovation with his unique stance on Universal Basic Income, emphatic blockchain talking points, and acceptance of crypto donations. But it remains to be seen if the leader of the “Yang Gang” will be a proponent of Bitcoin in the fullest sense of the word, or which of his fellow candidates might do it better.

Also Read: How Bridging Blockchains Unlocks Value and Unites Crypto Tribes

Crypto Candidates

Interestingly, Yang is not the only candidate that is at least a little interested in crypto. Fellow Democratic candidate Eric Swalwell’s campaign (Swalwell has since bowed out of the race) announced in May that it would accept donations in BTC, BCH, BSV, ETH, XLM, and stablecoin WSD. The first ever presidential candidate to accept Bitcoin donations was Rand Paul, back in 2015. Yang’s opponent for the Democratic nomination, Tulsi Gabbard, also appears to be invested, quite literally, listed on an official Financial Disclosure Report as having purchased Ethereum and Litecoin in 2017.

Elon Musk Supports Yang – But Does Andrew Yang Really Support Bitcoin?
Presidential candidate Tulsi Gabbard invested in a couple of coins back in 2017.

Yang’s Position on Bitcoin

With Elon Musk’s recent tweet of support for the Yang gang and his Universal Basic Income (UBI) proposal, and many news outlets reporting that Musk is now supporting a pro-Bitcoin candidate, it makes sense to check out what he actually says. Yang states in a January interview with the Being Libertarian podcast:

I think there should be a national cryptocurrency. You could even put this social credit stuff on the blockchain.

The social credit system he references would potentially supplement the UBI proposal, which is to be funded by a new Value Added Tax (VAT). When pressed in the interview about the VAT raising prices, Yang maintained…

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