The UBI Multiplier

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Dan McArdle - March 19, 2019

#YangGang

Democratic Presidential candidate Andrew Yang recently got me thinking about what sectors of the economy would get a boost if his plan for a $1000/mo “Freedom Dividend” (i.e. Universal Basic Income) for every American over the age of 18 were to get implemented. I conducted a very scientific poll of the crypto-community on how much of that $3T/year might flow into crypto:

My followers (almost all crypto folks) were unsurprisingly bullish on their assessments. Maybe the more interesting question is: “How much would UBI inflows move total crypto marketcap”?

New entrants to the crypto-community (or finance in general) might think that if $10B were used to buy bitcoin, then bitcoin’s marketcap might also go up by $10B.