Early on Bitcoin investor and industry proponent Chamath Palihapitiya has signaled a potential run for the position of California governor.

The CEO of venture majuscule firm Social Capital, Chamath Palihapitiya, appeared to announce his intentions in a Tweet on January 26. The postal service linked to his new website with a number of promises for the U.South. state including massive taxation cuts, an increment for instructor'due south salaries, the cease of student loans, and a handout for new births.

Palihapitiya appears to exist gearing upwardly for the 2022 Gubernatorial race or potentially for a special election, though no specifics were provided beyond his intentions to get involved politically.

The billionaire man of affairs has also joined efforts to force a recall vote for the current California governor Gavin Newsom which would pb to a special ballot after in 2021 according to reports.

A growing number of Californians have been displeased with Newsom's functioning in the position, peculiarly when it comes to inconsistent shutdowns and a tiresome-moving Covid-xix vaccine rollout.

The onetime Facebook executive Palihapitiya was an early investor in Bitcoin (he bought a one thousand thousand) and he says he wants to maintain the land's status as a leading technology hub:

"Let's brand California the global centre of all tech & climate jobs by realigning our incentives rather than pushing them abroad,"

In an interview on January 7, he said that he sees Bitcoin equally insurance against economical uncertainty and that its price could soar to $200,000 over the next five to 10 years.

Co-ordinate to an April 2020 Forbes article, Palihapitiya bought Bitcoin back in 2013 when the price was around $80 per money, and he claims that at ane point he endemic around 5% of the unabridged Bitcoin supply.

At that place have been a number of pro-crypto moves in U.Due south. politics since President Biden took role on Jan twenty which include the nomination of former member of Ripple'southward lath of advisors directors, Michael Barr, as the side by side Comptroller of the Currency. Additionally, the Biden administration has also picked crypto-knowledgeable Gary Gensler to head the Securities and Exchange Commission.