Just a week ago, it was reported that Bitcoin billionaire Chamat Palihapitiya is running for governor of California, but now it has become known that he has refused to participate in the elections.
Chamath Palihapitiya invested in bitcoin in 2012 and made his fortune with the first cryptocurrency. On January 26, he posted a message on Twitter calling for the revocation of the incumbent governor of California.
Also in the message was a link to the site where Palihapitiya spoke about running for this position. However, during podcast He told The All In that he was not ready for this and would rather focus on growing his business:
“Let’s be honest. I’m not ready for this at all. We have laws on conflicts of interest and I need to think carefully, weigh and discuss everything in order to run. Without this, I will not be able to make a balanced and adequate decision. ”
Interestingly, on February 4, Hindenburg Research published a study on the role Palihapitiya played in attracting investors to Clover Health. According to analysts, the US Department of Justice is currently investigating this matter.
Earlier, Miami Mayor Francis Suarez announced that the city may be allowed to pay salaries in bitcoins and it will be possible to pay taxes using cryptocurrencies.
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