Today, after nearly nine years as Prime Minister of Canada, Justin Trudeau has stepped down, facing intense scrutiny from his cabinet and the Liberal Party of Canada.
As a researcher delving into current affairs, I recently came across an intriguing piece of news that was initially broken by The Toronto Star and subsequently confirmed by CNN. The unfolding situation has sparked much speculation about who might potentially step into the role. Among the frontrunners, Pierre Poilievre seems to be a strong contender. Notably, Polymarket, a renowned prediction platform, suggests a 92% likelihood that he will assume the position of Canada’s next Prime Minister before October 2025.
Participants on the Polymarket platform swiftly endorsed Poilievre in a wagering agreement titled “Next Prime Minister of Canada,” generating over $260,800 worth of transactions. The confidence in this prediction stems from Poilievre’s stance against policies during Trudeau’s tenure and his firm opposition to central bank digital currencies (CBDCs).
Pierre Poilievre consistently advocates against the development of Central Bank Digital Currencies (CBDC), underscoring the importance of maintaining cash transactions to uphold privacy and financial autonomy.
In September 2023, the Bank of Canada adjusted its strategy regarding the development of a Central Bank Digital Currency (CBDC), an action that some attribute to political pressure, including initiatives led by Poilievre. Notably, Poilievre has expressed his approval for cryptocurrencies like Bitcoin as well.
2022 saw him discussing a vision for Canada as a potential hub for the burgeoning field of blockchain technology during a campaign speech. This optimistic stance garnered interest from both users and investors in the blockchain community, yet it sparked criticism from his political opponents.
After Trudeau’s departure, there is growing speculation about Poilievre’s political path, and some are pondering if his governance could support pro-cryptocurrency initiatives.
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2025-01-07 00:21