Bitcoin Influencer Considers Running For 2020 US Presidential Race

Bitcoin Influencer and Cypherpunk CTO Jameson Lopp, recently tweeted that he is considering running for president in the 2020 US Presidential race and in the altcoin news below we find out more about the reasons for his decision.

Over the past few months, we have learned that the current President of The United States is not a real fan of Bitcoin so now Lopp wants to change that and improve the regulatory roadblocks that are hurting the industry in the country. He even stated that he would start giving away free BTC. The Bitcoin influencer recently posted that he is considering running for president in a single issue platform. The bitcoin advocate recognizes the current problems in the industry with their economic model which involves printing more fiat and devaluating it at the same time.
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While his tweet managed to gather more than 1,400 likes it is still a long way from the number he’ll need to secure the position of the world’s most powerful man. The offer he made to pay citizens in bitcoin every month, will be viable with the help of the unlimited supply of dollars which appears to be the current objective:

 “Thinking about running for POTUS on a single-issue platform: if elected I’ll give every citizen $1,000 in Bitcoin a month. This is doable because we’ll never run out of dollars and the economics will benefit America in the long run since we’ll end up with the most BTC.”

The first response on Twitter was of course that his decision and tweet are a scam and a few others followed. There were many interesting responses to the premise when the Xsquared Ventures Brad Mills made an attempt at math:

 “3.9 Trillion per year. At the end of your first term you’ll have the US National debt at 37 trillion dollars. The marketcap of Bitcoin will be about 18 trillion dollars after year 4, nearly $1 million per Bitcoin. It’s actually mathematically feasible given gov’t spending.
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As things stand at the moment, it doesn’t look like the situation will improve since the US national debt reached $30 trillion by 2023. Either way, Lopp’s aspirations for the POTUS position are only based on sarcasm and mockery of the current system, as we learned in the latest cryptocurrency news reports.