Billionaire Bitcoin Investor Chamath Palihapitiya considers running for Governor of California

By: Henry Felix

January 27, 2021 8:12 PM

Chamath Palihapitiya an early Bitcoin investor appeared to be interested to run for the position of Governor of California.

In a recent tweet on January 26, CEO of Social Capital a venture capital firm made his intentions known as he gears up for a potential special election, in his tweet he promised an increase for teacher’s salaries, the end of student loans, and a handout for new births with massive tax cuts.

The billionaire has also joined efforts to force a recall vote for the current California governor Gavin Newsom which could lead to a special election in 2021 according to reports.

The former Facebook executive who was an early investor in Bitcoin, according to a forbes article Palihapitiya bought bitcoin back in 2013 at that time the price was $80 per coin, he went further and says he wants to maintain the state’s status as a leading technology hub:

“Let’s make California the global centre of all tech & climate jobs by realigning our incentives rather than pushing them away,”

In an interview on January 7, he said that he sees Bitcoin as insurance against economic uncertainty and that its price could soar to $200,000 over the next five to ten years.