On January 7, Canadian politics experienced a shakeup: Prime Minister Justin Trudeau announced his resignation following Finance Minister Chrystia Freeland's unexpected departure. All eyes are now on Conservative Party leader Pierre Poilievre, whose popularity is soaring ahead of the October 20 elections.
Musk and Poilievre: the Unexpected Alliance
Elon Musk, known for his support of cryptocurrencies, praised Poilievre's statements on fiscal responsibility and fighting inflation. Musk even shared a video of Poilievre criticizing excessive monetary printing, sparking excitement in the crypto community.
Towards a Strategic Reserve of Bitcoin?
Support for Poilievre's crypto initiatives extends beyond mere publicity. BTC Inc. hopes he could create a national Bitcoin reserve to protect the economy from inflation. This idea is gaining traction, with Donald Trump in the USA also considering a Bitcoin reserve.
The Vancouver Model and the Future of Crypto in Canada
In Vancouver, Mayor Ken Sim has proposed that the city consider holding bitcoins in reserve and accepting municipal payments in crypto. If Poilievre becomes prime minister, this momentum could go national. Crypto enthusiasts dream of a 'Canada 2.0', where Bitcoin becomes a foundation of monetary policy.
The Canadian political scene is undergoing major changes. With backing from high-profile figures like Elon Musk, Poilievre emerges as a leader capable of altering Canada's approach to cryptocurrency. How the authorities will respond remains to be seen.
