Andrew Yang, the 44 years old Tech Entrepreneur running for the Presidential election in 2020, has made another progress. Among the fight between Democrats, Andrew Yang has become the ninth candidate to qualify for the next round.
The Tech Entrepreneur, attorney, and philanthropist is very popular among the crypto-community. He has often been known to express himself as a proponent and has promised clear guidelines and regulations in his tenure.
According to the bylaws of the Democratic party, to qualify, a candidate must satisfy in some pre-requisites.
“A candidate must have both 130,000 individual donors — with at least 400 from 20 different states — and at least 2% support in four approved polls.”
The conditions would become more stringent in the next round of qualifications. The Democrats can expect two more competitors in the race, Julian Castro and Tulsi Gabbard, who will be the 10th and 11th qualifiers.
Moreover, while the progress made is significant, the race is getting more and more difficult for Yang. Joe Biden, Pete Buttigieg, and Elizabeth Warren are further ahead in the claiming the seat for the Democrats. A recent survey conducted in Iowa projected very slim chances for Yang.
Donald Trump is expected to re-run for the President in 2020 for the Republicans. However, Trump’s aggressive stance against China and the Federal Reserve is threatening to bring back recession in the world economy. Recently, Elizabeth Warren, currently a Senator, also warned the people about the impending economic crisis.
As for Yang, he seems to have the support of the crypto-community because of Bitcoin’s safe-haven bet. Earlier this year, Jack Dorsey, the founder of Twitter, also donated to his campaign extending his support. Dorsey is a staunch advocate of Bitcoin as a ‘store of wealth.’
In the past, Andrew Yang has praised efforts of crypto-entrepreneurs like Charlie Lee, creator of Litecoin [LTC]. Recently, he also enabled Bitcoin Lightning payments to accept donations for his campaign; adding to Bitcoin and Ethereum which was already supported earlier.
Do you think that Andrew Yang can get ahead in the Presidential Election race by continuing to extend support towards cryptocurrencies? Please share your views with us.
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Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com