Bitcoin

Billionaire Bitcoin investor Chamath Palihapitiya is leaving California’s gubernatorial run after considering it.

Just 10 days after announcing he was running for governor of the state of California, veteran Bitcoin lawyer and billionaire Chamath Palihapitiya traced the idea. on an episode of the February 2 podcast The Everything in the podcast.

Palihapitiya, who has been investing in Bitcoin since 2012, has been an outspoken critic of the current Governor of California, Gavin Newsom tweeted the hashtag “#DestituyanAGavinNewsom” on January 26th. The tweet was linked to a website called “Let Chamath be Governor of California” which contained a number of political promises. However, since then he has thought better of it.

“Let’s be really honest,” he replied on the podcast when asked about his candidacy for governor.I am not ready to do any of this. “Instead of focusing on a political career, he said he preferred to focus on his business.

“I think it’s worth finding out what the conflict of interest laws are and what to do when all of this happens. Without all of that, I can’t make a credible decision. “

Billionaire Bitcoin investor Chamath Palihapitiya is leaving California’s gubernatorial run after considering it.
Billionaire Bitcoin investor Chamath Palihapitiya is leaving California’s gubernatorial run after considering it.

The petition to remove Newsom for mismanaging the state’s response to the COVID-19 crisis has yet to garner enough signatures to kick off the impeachment.. The company, which started last June, has collected 1.3 million signatures but needs an additional 195,000 before March 17. Regardless of the result, the website on which his positions are published is still there and he continues to use his appearances All in talk about political issues.

“The government should do the things it has to do so that people have a unified starting line,” he said.in a typical example.

One of the topics of the last episode of the podcast was “Insider vs. outsider “, Palihapitiya spoke of two types of people: those who can say anything and those who are heard. The limitation that comes with belonging to the latter category is that he cannot criticize other insiders.

In July 2019 Palihapitiya stated that Bitcoin is the “hedge against traditional financial infrastructure”. In April 2020, weeks after the stock market suffered its worst losses since 2008, it reiterated its mind, noting that Bitcoin could be seen as an “escape to safety” in the event that the infrastructure that supports traditional systems breaks down.

This is claimed in a report published February 4 by Hindenburg Research The Justice Department is currently conducting an undisclosed investigation into Chamath’s actions while promoting Clover’s health, a listed health insurance company.

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