Pierre Poilievre, Canada's PM frontrunner after Justin Trudeau's resignation, once promised to make the country the world's blockchain and crypto capital, supporting the industry while defending Bitcoin.
⚫ Personally held BTC through spot Bitcoin ETFs.
⚫ Attacked the central banking system and Canada's crypto regulations, saying BTC could help citizens opt out of inflation.
⚫ Promised freedom for buyers and sellers choosing Bitcoin.
⚫ Vowed to stop the creation of a central bank digital currency (CBDC).
Poilievre's crypto support started in 2022, which subjected him to political attacks in late 2023 after the market drastically fell.
At the start of 2024, an estimated 42.3% of Canadians owned crypto, despite the country ranking 9th on the "Crypto Adoption Index 2024." With Donald Trump expected to bring in a pro-crypto administration, Canadian politics may take a more open stance with its next PM.