Just 10 days after that announcing that he would run for governor of California, longtime Bitcoin advocate and billionaire investor Chamath Palihapitiya, retired from the idea on Feb. 2. delivery from The Everything in podcast.
E20 is here!
– The All-In Podcast (@theallinpod) February 3, 2021
Palihapitiya, who began investing in Bitcoin in 2012, has been a critical critic of current California Governor Gavin Newsom, tweeting the hashtag, “#RecallGavinNewsom” on January 26th. The tweet links to a site that says “Chamath for California Governor” and contains a number of policy promises. Since then, however, he has thought better about the plan.
“Let’s be honest,” he said on the podcast, in response to a question about his running for governor, “I’m not ready yet.” Rather than focusing on a political career, he said he would rather focus on where his business is going.
“I think it is worth finding out what the conflicts of interest laws are and what to do if all of this were to happen. Without all of that, I cannot make a credible decision. “
The petition To remind Newsom about the mishandling of the state’s response to COVID-19 has not yet collected enough signatures to trigger the recall. Launched in June last year, it has attracted 1.3 million signatures, but 195,000 more are needed by March 17. Regardless of the result website sketching his positions continues, and he continues to use his performances Everything in to discuss political issues.
“The government should do the things it should do to give people an even starting line,” he said in a typical example.
One of the themes of the last podcast episode was’ insiders vs. outsiders, ”Palihapitiya portraying two classes of people: those who can say anything and those who are listened to. The caveat that comes with belonging to the latter category, he says, is not being able to criticize other insiders.
People want you to think that everything is always about left versus right.
It is not. It’s about insiders versus outsiders.
“What insiders fear is not the end of democracy, but the end of their control over it …” –@DavidSacks
– Chamath Palihapitiya (@chamath) February 1, 2021
In July 2019, Palihapitiya declared Bitcoin the “only best hedge against traditional financial infrastructure. “In April 2020, weeks after the stock market suffered its biggest losses since 2008, he reiterated his position and noted that Bitcoin can be viewed as one of the”flight to safety“In the event that infrastructure supporting traditional systems collapses.
A report published by Hindenburg Research on Feb. 4 alleges that there is an ongoing, undisclosed investigation by the Justice Department into Chamath’s actions while promoting Clover Health, a publicly traded health insurance company.