In a tweet on January 26, Chamath Palihapitiya, billionaire businessman and CEO of venture capital firm Social Capital, seemed to signal plans to run for the position of California governor in 2022. He has also joined forces with a number of Californians who want to recall Governor Newsom’s vote, implying that would consider running in a special election later this year. Many Californians hold Governor Newsom responsible for “inconsistent shutdowns and a slow-moving Covid-19 vaccine rollout,” and are not happy with him.
Palihapitiya is known for his long time history in Bitcoin, having invested in 2013, and remained in Bitcoin since then. In an interview, Palihapitiya said that “he sees Bitcoin as insurance against economic uncertainty and that its price could soar to $200,000 over the next five to ten years.” In regards to his new gubernatorial aspirations, Palihapitiya claims that he aims to sustain California’s reputation as a “leading technology hub.”