Pierre Poilievre, head of Canada’s Conservative Party, is creating a stir with his support for Bitcoin, leading some to ponder whether he might create a “Bitcoin Strategic Reserve” should he become Prime Minister in the future.
With Justin Trudeau’s resignation seeming increasingly imminent, there’s a strong chance Pierre Poilievre could ascend to power in the Canadian government. This shift might signal a more favorable climate for Bitcoin, as he has expressed pro-crypto sentiments in the past.
According to Polymarket predictions, it seems highly likely, at 89%, that Pierre Poilievre will be our next Prime Minister. His main competitors are significantly behind him in the race. Interestingly, this potential change in leadership comes at a time when there’s been a significant increase in Bitcoin’s popularity as a protective measure against inflation. Notably, Poilievre has been a long-time advocate for Bitcoin.
His bold views about Bitcoin, such as his idea that it might enable Canadians to avoid inflation, have drawn noticeable interest, particularly given the recent dramatic increase in Bitcoin’s worth.
In 2022, Poilievre’s stance on Bitcoin became more popular as he garnered attention by paying for shawarma with Bitcoin, demonstrating his dedication to incorporating digital currencies into daily transactions.
He’s been outspokenly critical of central bank digital currencies, going so far as to declare emphatically that there will be “no central bank digital currency” during his tenure.
David Bailey, the CEO of BTC Inc, has sparked discussion by hinting that Pierre Poilievre’s leadership might lead to the establishment of a national Bitcoin reserve in Canada. This concept bears resemblance to suggestions made by American figures like Donald Trump, who have also entertained the idea of a similar Bitcoin reserve.
In light of changes within Canadian politics, there’s growing optimism among cryptocurrency enthusiasts that Poilievre’s pro-Bitcoin stance might significantly influence Canada’s monetary policies, potentially leading to a more welcoming environment for Bitcoin in the near future.
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2025-01-07 11:34