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6 March 2021
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Bitcoin Billionaire Chamath Palihapitiya Running for California Governor

Billionaire investor and CEO of venture capital firm Social Capital Chamath Palihapitiya is gunning to become California’s next governor.

In a new tweet, the Bitcoin bull reveals to his 848,000 followers his intention to run for office and oust California Governor Newsom.

California will hold a special election later this year if the petition to recall Newsom succeeds amid frustrations over the Governor’s response to the pandemic. The movement needs 1.5 million signatures by March 17th to force a recall. To date, proponents claim to have gathered 1.2 million signatures, according to the Wall Street Journal.

Palihapitiya could also potentially run for the gubernatorial election in November 2022 if the special election does not push through.

On his website, the Sri Lanka-born Canadian-American calls California a mess as he introduces his platform to address the state’s problems.

“It’s too expensive, our teachers are underpaid, and our schools aren’t good enough.”

Palihapitiya proposes to reduce state tax from 16% to 0%, set a $70,000 minimum teacher salary, and make California a global center for tech and climate jobs.

Palihapitiya also wants to give out free school vouchers to help students choose which school to attend, abolish student loans, and provide a $2,000 incentive for each child born in California.

The venture capitalist is a Bitcoin supporter who purchased 1 million BTC when the largest crypto asset was trading around $80.

News Source

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