Bitcoin maxis bullish on new leader of Canada’s Conservative Party Bitcoin maxis bullish on new leader of Canada’s Conservative Party
Pierre Poilievre has vowed to make Canada the blockchain capital of the world and also use crypto to combat inflation.
2 min read
Updated: Sep. 13, 2022 at 3:59 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoinย maximalists are celebrating the election of Pierre Poilievre as the new leader of Canada’s Conservative Party because of his pro-crypto views.
Who is Pierre Poilievre?
Pierre Poilievre shot into the limelight earlier this year when he supported truckers’ protests against vaccination in Ottawa.
Since then, Poilievre has repeatedly criticized Justin Trudeau’s-led government over its policies, blaming the country’s apex bank for the high inflation rate and promising to put Canadians’ money back in their hand.
What is money? pic.twitter.com/xXiBQtcUxJ
— Pierre Poilievre (@PierrePoilievre) January 16, 2022
The Canadian government had drawn the ire of the crypto community after it froze over 250 wallets connected to the Ottawa protests.
Poilievre and crypto
The politician became a darling of the crypto industry due to his numerous pro-crypto proclamations.
In March, Poilievre purchased shwarma in an Ontario restaurant using Bitcoin to demonstrate his support for the industry.
Give people back control of their money. Keep crypto legal and let it thrive.
Become a party member, so you can vote for me as leader, and let's make Canada the blockchain capital of the world: https://t.co/d9I1ky9w2t pic.twitter.com/S1IcVETmZF
— Pierre Poilievre (@PierrePoilievre) March 29, 2022
Poilievre said he wants to make Canada “the blockchain capital of the world” if elected as prime minister. He has also promised to unleash the power of crypto in the country’s fight against inflation.
The pro-crypto politician had also vowed to stop the proposed Canadian Central Bank Digital Currency (CBDC) project if elected.
Poilievre reportedly holds “units of Purpose Bitcoin, a Canadian-based, exchange-traded fund that holds cryptocurrencies.”
What Bitcoin supporters are saying
Vocal Bitcoin supporter Dennis Porter said if Poilievre “secures the Prime Minister spot in Canada, it’s only a matter of time before a U.S. President becomes a bitcoiner as well.”
If bitcoiner @PierrePoilievre secures the Prime Minister spot in Canada itโs only a matter of time before a U.S. President becomes a bitcoiner as well.
The world is changing rapidly. Donโt blink.
— Dennis Porter (@Dennis_Porter_) September 10, 2022
Others like Samson Mow congratulated Poilievre, adding that there is now a real chance to fix Canada.
Congratulations @PierrePoilievre on becoming leader of the Conservative Party of Canada! Now we have a real chance to fix Canada. #pierrepoilievreforPM
โMoney is a technology by which we transport value over time and space.โ #Bitcoin pic.twitter.com/5AVDRelGpw
— Samson Mow (@Excellion) September 11, 2022
A little optimism from @willms_. And more optimism to come.
The era of Canadian #Bitcoin is now.@Excellion@FossGregfoss@BTCsessions@bradmillscan@BJdichter@CanadianBTCPod
https://t.co/c5jKGhtZ9B— Boomer โก๏ธ (@TheRulersBroken) September 11, 2022
Would be a step up from #justinflation for Canada.
I do wonder on any concrete policy proposals @PierrePoilievre has that would go towards #bitcoin adoption by this nation-state?
Maybe loop in @JAN3com / @Excellion / @PrincFilip1 ๐ฆพ https://t.co/jh24hsOZpt
— Sovereign Origin ๐ฅ/21M (@sovereignorigin) September 11, 2022
Simon Dixon opined, “we need more politicians that understand sound money to get through what comes next in our economies. Nobody alive today lived through a real gold standard, so we need those that know monetary history to fight for sound policy today. You canโt solve inflation with more inflation.”
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Pierre Poilievre is a Canadian politician who is a member of Parliament for Carleton and candidate for Prime Minister of Canada.
Dennis Porter is the co-founder and chairman of Satoshi Action Fund,ย a 501(c)(4) non-profit educational organization dedicated to informing policymakers and regulators about Bitcoin miningโs benefits and how it can be used as a tool to support other public policy goals.
Samson Mow is known for his double role as the Chief Strategy Officer (CSO) at Blockstream and the Chief Executive Officer (CEO) at Pixelmatic.
Simon Dixon is the CEO & Co-Founder of BnkToTheFuture.com, an online investment platform that allows professional investors to invest in financial innovation and technology investment opportunities.