Chamath predicted that during the 2023 debt ceiling standoff, President Joe Biden would invoke the 14th Amendment and unilaterally pass a budget via executive order to avoid default.

What actually happened:

• The 2023 debt ceiling crisis was resolved through legislation, not unilateral executive action. On June 3, 2023, Biden signed the Fiscal Responsibility Act of 2023, a bipartisan bill passed by both the House and Senate, which suspended the debt ceiling until January 1, 2025.
• Biden and his administration discussed the 14th Amendment as a potential legal theory, and Biden said he believed he had the authority, but he also explicitly noted this route would be legally contested and time-consuming. There is no record of him invoking the 14th Amendment to resolve the standoff. (This is widely reported across major outlets and legal analyses.)
• No executive order was issued that unilaterally “passed a budget” or raised/suspended the debt ceiling; instead, Treasury’s X-date pressure led to a negotiated legislative deal.

Because the crisis was resolved via normal congressional legislation and Biden did not invoke the 14th Amendment nor pass a budget via executive order, the prediction did not come true.