Bitcoin Skeptic, Ex-Starbucks CEO Howard Schultz Considers 2020 Presidential Run - BITCOIN NET MAGZ

Bitcoin Skeptic, Ex-Starbucks CEO Howard Schultz Considers 2020 Presidential Run

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The former CEO and chairman of both Starbucks, Howard Schultz, has announced he is considering an independent streak from the coming 2020 United States presidential elections, in a tweet submitted on Jan. 27.

"I really like our country, and I am seriously considering running for president like a centrist independent," he wrote -- prompting a spate of critical responses, with most commentators arguing that an independent candidacy could diminish the chance of a powerful, unified Democratic alternative to another Trump presidential term.

For commentators from the crypto space, a Schultz jog would introduce a complex picture.

At a transcript of Starbucks' Q1 2018 earnings call published past Jan. 26, Schultz made extensive opinions about his view of Bitcoin (BTC) and other blockchain-established cryptocurrencies, notably in the context of discussing what he characterized as"the entrepreneurial DNA of both Starbucks and [the need to] always hav[e] the fascination to find out corners and make big bets."

Schultz said:
    "I'm bringing this up because as we consider the future of our company and the future of customer behavior, I believe that there is going to be a one or a few legitimate, reputable digital currencies away of the blockchain tech. And that legitimacy and trust concerning its consumer program will need to be legitimized by means of a new within an brick-and-mortar environment"

Emphasizing that Starbucks is making its own digital money nor investing in the technology, he still stressed that the firm"is in an exceptional position to take advantage" of a near future of consumer-focused blockchain-based electronic currencies.

Notably, Schultz remained firmly aware of Bitcoin, saying he"doesn't think it's going to be a currency now or in the future."

As reported, Starbucks was motivated to publicly reevaluate media reports last year which had suggested its involvement from the Bakkt electronic assets ecosystem project would entail customers being able to purchase items at Starbucks with cryptocurrencies.

In comparison with other presidential candidates to the 2020 elections, United States senator Elizabeth Warren, a high-profile Democrat who has announced her bid, is a famous crypto and first coin offering (ICO) skeptic.

Conversely, developer and crypto enthusiast John McAfee is moving so far as to make a bid for the presidency with the avowed goal of boosting permissionless cryptocurrencies as part of the explicitly libertarian agenda. But after an alleged indictment by U.S. tax police, McAfee has declared he will run his campaign"in exile" in a boat in international waters.

 

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