Billionaire investor and bitcoin proponent Chamath Palihapitiya announced that he would be running for Governor of the state of California.
A news publication on cryptopotato stated that the CEO and founder of Social Capital, Chamath Palihapitiya, will be running for Governor of the state of California. Chamath Palihapitiya is a well-known bitcoin proponent who has on several occasions supported the need for everybody to consider bitcoin as part of their investment plans.
The billionaire investor confirmed today he would run for the next Governor of the state of California. According to Chamath Palihapitiya, the state of California is in a big mess. He feels that living there can be expensive, teachers are not paid sufficiently, and schools have to improve.
The Bitcoin Street Journal is a news site that provides bitcoin data from the US and around the world tweeted this on billionaire investor Chamath Palihapitiya running for California governor.
Billionaire investor Chamath Palihapitiya is planning to work on these main goals and also use them on his campaign’s website. There is no doubt that the billionaire venture capitalist’s mentioned plans will be his main focus from the word go.
Besides, Chamath Palihapitiya suggests implementing a 0% state tax. Palihapitiya feels that this move can immensely benefit the state’s revenue to increase from $15 billion to $30 billion. Chamath Palihapitiya wants to ensure that teachers are paid a minimum of $70K.
Students can receive a free voucher to choose a school of their liking. Chamath Palihapitiya main goals would be in education and reduction of tax. The billionaire venture capitalist also wants to get rid of the student loans.
Chamath Palihapitiya suggests abolishing the ISA for students and plans to donate $2000 to a newborn child in California. According to the billionaire venture capitalist, if they want California to remain a top technological hub of the world, then more people should feel welcome.
Chamath Palihapitiya has a strong liking and affinity towards bitcoin. Often the billionaire venture capitalist can be heard saying that every investor must consider having at least 1% of his/her savings in bitcoin.
Palihapitiya was spot on with cryptocurrency when he predicted price of $200,000 per bitcoin. The billionaire’s venture capitalist firm, Social Capital works tirelessly in the cryptocurrency space.
For now, they have begun a new venture known as Emerging Managers. Chamath Palihapitiya mentions some of the hardships new entrepreneurs and investors can face during initial timeframe like having a capital base without track record, using costly infrastructure, getting more partners, and garnering a mental aspect of investing.
Chamath Palihapitiya has assured that Emerging Managers will focus on new niches as well as on cryptocurrency.