Bitcoin billionaire plans to participate in the governorship race!

Chamath Palihapitiya, one of the first Bitcoin investors and leading names in the industry, signaled that he could participate in the California governorship race.

Chamath Palihapitiya, CEO of venture capital firm Social Capital, announced his intention to participate in the governor’s elections in Twitter posts dated January 26. Palihapitiya shared the link to the new website in his post. On his website, the CEO makes promises for California massive tax cuts, teacher salaries, termination of student loans and aid for those who give birth.

Although Palihapitiya is apparently prepared for the 2022 Governor’s Election, no details have been shared except for the CEO’s intention to participate.

The billionaire businessman also participated in the work to dismiss current California Governor Gavin Newsom, who will run a midterm election in 2021, according to reports.

Increasing numbers of Californians are expressing their dissatisfaction with Newsom’s performance, especially in issues such as the slow pace of shutdowns and COVID-19 vaccination.

Palihapitiya, who is also a former manager of Facebook, was one of the first to invest in Bitcoin and announced that he wanted to maintain its position as the state’s leading technology center.

In an interview on January 7, the billionaire CEO said that he sees Bitcoin as an insurance against economic uncertainty and that the price of cryptocurrency could rise to $ 200,000 in the next 5-10 years.

Palihapitiya bought Bitcoin for the first time in 2013 while BTC was trading at $ 80, and at one point claimed to have 5 percent of the entire BTC supply, according to Forbes news dated April 2020.

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