Bernie Sanders led an impressive campaign run mostly off of small donations, though he failed to help the poor. If he had invested that money in cryptocurrency, the world would be a much better place. Sanders’ campaign contributed to Google, Facebook and Verizon
Bernie Sanders, US presidential candidate for the Democratic Party’s nomination and favorite of the poor and equality-centered, failed to defeat his rival Hillary Clinton, long painted as the Wall Street candidate.
However, during the course of his campaign Sanders did amass a large sum in excess of $200 million , mostly from small donors seeking a more economically-just society.
However, effort may have had the opposite effect intended. As it is, the vast majority of funds raised by Sanders ended up being spent by the campaign , for operating costs such as food, travel, lodging, and advertisements. This has ended up meaning a vast wealth redistribution to large corporations from which the campaign bought services, including some of the world’s largest corporations like Google, Facebook, Comcast, and Verizon.
What if, instead of running an ultimately failed presidential campaign, Bernie Sanders had raised that $200 million to invest in cryptocurrency and blockchain startups? What $200 million looks like in the Bitcoin world
The amount of money raised by Bernie Sanders ranks significant in the relatively new world of cryptocurrency. At a total market cap of around $13 billion, with a record high of just under $16 billion, a number in the hundreds of millions could send significant ripples through the cryptocurrency world.
The funds accrued by the Sanders campaign could have bought the entire supply of all cryptocurrencies excluding the top 25 , or entirely bought out any cryptocurrency not including the top four (Bitcoin, Ethereum, Steem, and Ripple). Additionally, if thrown directly into the king of cryptocurrency, that sum would […]
