Pierre Poilievre, a well-known advocate for cryptocurrency and decentralization, has emerged as a strong contender for the Prime Minister position following Trudeau’s resignation. According to Polymarket, a popular prediction platform, Poilievre has an 87% chance of becoming the next Prime Minister of Canada. This development has sparked considerable interest among crypto enthusiasts, who are closely watching Canada’s shifting political landscape.
Poilievre’s response to Trudeau’s resignation announcement was dismissive. In a post on X, he claimed, “nothing has changed”. He criticized the Liberal party, arguing they would continue exploiting Canadians for another four years, much like Trudeau’s term. Poilievre further accused the Liberals of supporting Trudeau’s policies throughout his nine-year tenure and now trying to deceive voters by presenting a different face while maintaining the same exploitative strategies.
As part of his Conservative Party campaign, Poilievre promoted cryptocurrencies as a hedge against inflation. His assets include units of Purpose Bitcoin, a Canadian-based, exchange-traded fund that holds cryptocurrencies. This advocacy for cryptocurrencies demonstrates Poilievre’s commitment to decentralization and his belief in the power of digital assets.
The possibility of Poilievre’s prime ministership has led to speculation about whether Canada may follow in the footsteps of the United States. After Donald Trump’s surprising victory in the presidential election, the U.S. has seen a rise in crypto-friendly policies. Trump pledged to create a Bitcoin reserve during his election campaign, a move that sparked interest and optimism among crypto businesses and enthusiasts across the nation.
If Poilievre were to become the Prime Minister of Canada, it could mark a significant shift in the country’s approach to cryptocurrencies and decentralization. His advocacy for these measures could lead to more progressive policies, potentially positioning Canada as a leading player in the global cryptocurrency landscape.
Regardless of the political outcome, this development highlights the increasing relevance of cryptocurrencies in modern politics. As digital assets continue to gain traction, their impact on national economic policies is becoming more apparent. It will be interesting to observe how these changes unfold in Canada and the broader global context in the coming years.
