BTC Bull Chamath Palihapitiya Will Run For California Governor

Billionaire investors and BTC bull Chamath Palihapitiya decided he will be running for the Governor of the State of California, as per the reports that we have in our BTC news.

The BTC bull Chamath Palihapitiya who is also the CEO of Social Capital will run for the governor seat of California. He confirmed today and tweeted:

“California is a mess – it’s too expensive, our teachers are underpaid, and our schools aren’t good enough. “

The punchline on his campaign website gives a short insight into the areas that he will mostly focus on. There are a few proportions that the venture capitalist will put forward from the get-go. He suggests imposing a 0% state tax that is expected to increase the state’s revenue from $15 billion to $30 billion and to also work on increasing the teachers’ salary to $70K per year while giving students free vouchers to choose a school. Education is the main point in his campaign which is also seen in the goal to get rid of student loans. He suggested that the state of California should guarantee ISAs so the students do have to get a loan. He also plans on giving $2000 for every born child in the state:

“If we want California to remain as the technological hub of the world, we have to encourage more people to settle down and live here.”

It’s on. #RecallGavinNewsom https://t.co/r8Cwd4szrn

— Chamath Palihapitiya (@chamath) January 26, 2021

The investor is a strong BTC proponent and said on multiple occasions that 1% of the portfolio of every investor should be in BTC. If everything goes crashing, BTC will be considered as insurance. He advocated for the cryptocurrency and even predicted a price surge of $200,000 per coin. Last year, his company Social Capital expressed strong support for the entire crypto space via a new venture named Emerging Managers. The investor tweeted on it and outlined a few focal issues that the investors could face once they start off, including building a capital base without a track record, finding partners, establishing infrastructure, and managing the aspect of investing. Chamath also said that the new venture will focus on new niches as well as crypto as a second priority.