April 26, 2024

Bitcoin billionaire wants to become governor of California

Bitcoin billionaire wants to become governor of California

Early Bitcoin Investor Chamath Palihapitiya Set to Run for GovernorCalifornia.

On January 26, the CEO of venture capital firm Social Capital, Chamat Palihapitiya, announced on Twitter that he was going to compete in the 2022 gubernatorial race.

The link posted on the social network leads to the pagewith the candidate's program – he promises to cut taxes, increase teacher salaries, solve the issue of student loans and increase benefits for newborns.

The billionaire also said he wants to turn California into a technological development hub:

Let's make California a global technology and environmental hub.

According to Forbes, Palihapitiya bought bitcoin in 2013 at about $ 80 per coin. According to him, at one point he owned 5% of the total Bitcoin supply.

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Based on materialscointelegraph.com