Nikolas Sargeant
Canadian Prime Minister Justin Trudeau's resignation on January 7 has paved the way for Conservative Party leader Pierre Poilievre, who is now seen as the likely frontrunner in the upcoming October 20 election. Poilievre’s pro-Bitcoin stance has garnered overwhelming support from the cryptocurrency community, including figures like Elon Musk and Coinbase CEO Brian Armstrong.
Musk praised Poilievre’s remarks on inflation, calling them “Perfectly articulated,” while Armstrong expressed his support for Poilievre’s economic policies. David Bailey, CEO of BTC Inc., suggested Poilievre could lead Canada to establish a national Bitcoin reserve, similar to the approach seen in other countries like El Salvador.
Poilievre has been outspoken about his commitment to Bitcoin and blockchain technology. He has advocated for Canada to become "the blockchain capital of the world" and opposed the introduction of a central bank digital currency (CBDC).
Polymarket’s Confidence in Poilievre
Poilievre’s appeal within the crypto industry is strong, with Polymarket giving him an 89% chance of winning the election, far ahead of his closest rival, Chrystia Freeland. His support for Bitcoin and financial freedom has resonated with voters, particularly in cities like Vancouver, which is exploring adding Bitcoin to municipal reserves.
As the election nears, Poilievre’s position on digital currencies is setting the stage for a potentially transformative shift in Canada’s relationship with cryptocurrency.
