Billionaire Bitcoin investor backs away from California governor bid By Cointelegraph

Only 10 days after announcing he would run for California state governor, long-time proponent and billionaire investor Chamath Palihapitiya has backed away from the idea in a Feb. 2 episode of The All In Podcast.

Palihapitiya, who started investing in Bitcoin in 2012, has been a vocal critic of current California Governor Gavin Newsom, tweeting the hashtag, “#RecallGavinNewsom” on Jan. 26. The tweet linked to a site saying “Chamath for California Governor” and containing a number of policy promises. However, he’s since thought better of the plan.