{"id":616155,"date":"2025-01-07T08:25:31","date_gmt":"2025-01-07T08:25:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=616155"},"modified":"2025-01-07T08:25:31","modified_gmt":"2025-01-07T08:25:31","slug":"favorite-to-replace-justin-trudeau-as-canada-pm-wants-to-make-country-crypto-capital","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/favorite-to-replace-justin-trudeau-as-canada-pm-wants-to-make-country-crypto-capital","title":{"rendered":"Favorite To Replace Justin Trudeau As Canada PM Wants To Make Country &#8221;Crypto Capital&#8221;"},"content":{"rendered":"<p>The frontrunner to replace Justin Trudeau as Canada&rsquo;s prime minister once promised to make the country a &rdquo;crypto capital.&rdquo;<\/p>\n<p>A March 2022 <a href=\"https:\/\/x.com\/BTC_OS\/status\/1876350774957015041\"><span style=\"font-weight: 400;\">video<\/span><\/a><span style=\"font-weight: 400;\"> shows that man, opposition leader Pierre Poilievre, buying food with Bitcoin and promising to devise a plan to &ldquo;enable Canada to become the blockchain and crypto capital of the world.&rdquo;<\/span><\/p>\n<p>Trudeau announced his plan to resign yesterday, saying he will step down after the ruling Liberal Party elects a new leader.<\/p>\n<p><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/thelogic.co\/wp-content\/uploads\/2021\/04\/Bitcoin_Canadian_flag-Shutterstock_767900107-P_Millenius-1024x683-1.jpg\" alt=\"Canadian Bitcoin\" width=\"1024\" height=\"683\"><\/p>\n<h2><span style=\"font-weight: 400;\">Bitcoin Could Help Canada &ldquo;Opt Out&rdquo; Of Inflation<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">During a speech at the campaign event, the frontrunner attacked the central banking system and Canada&rsquo;s crypto regulations. He added that <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/japans-metaplanet-plans-to-grow-bitcoin-holdings-5x-to-10k-in-2025\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> could provide Canada with a way to &ldquo;opt out&rdquo; of inflation. These comments were then criticized in a series of Liberal Party attack ads in late 2023 after the crypto space&rsquo;s market cap underwent a steep correction.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Pierre Poilievre promoted volatile crypto currencies as a way for Canadians to &lsquo;opt out&rsquo; of inflation &ndash; a move that could have cost people their savings.<\/p>\n<p>That&rsquo;s not leadership. <a href=\"https:\/\/t.co\/IPdtYrhgWW\">pic.twitter.com\/IPdtYrhgWW<\/a><\/p>\n<p>&mdash; Liberal Party (@liberal_party) <a href=\"https:\/\/twitter.com\/liberal_party\/status\/1732507742034600359?ref_src=twsrc%5Etfw\">December 6, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">In 2022, Poilievre made additional pro-crypto comments on X. In the posts, the PM frontrunner promised to give buyers and sellers the freedom to choose <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/microstrategy-buys-another-1070-bitcoin-for-101-million\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> and other technology. He also <\/span><a href=\"https:\/\/x.com\/PierrePoilievre\/status\/1517523993301078020\"><span style=\"font-weight: 400;\">critiqued<\/span><\/a><span style=\"font-weight: 400;\"> the Bank of Canada for being &ldquo;financially illiterate,&rdquo; while vowing to prevent the creation of a &ldquo;risky central bank digital currency.&rdquo;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just last year, he expressed support on X for a bill to ban a central bank digital currency and protect the use of cash.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Justin Trudeau Faced No Confidence Motion<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Trudeau announced his resignation after he was hit with a no-confidence motion slated for later this month.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Members of the Liberal Party are currently embroiled in an internal conflict due to the outgoing PM&rsquo;s handling of the country&rsquo;s deficit and growing concerns of how Trudeau would have dealt with the trade tariffs promised by US President-elect Donald Trump.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A federal election will need to be decided either on or before Oct. 20. The winning prime minister will also need to get 172 out of the 343 available seats in the House of Commons to secure the majority government.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/best-wallet-rockets-past-6-5m-in-presale-securing-top-web3-wallet-status-as-bitcoin-transactions-surpass-19t-in-2024\"><span style=\"font-weight: 400;\">Best Wallet Rockets Past $6.5M In Presale, Securing Top Web3 Wallet Status<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/trader-makes-17-5-million-trading-coins-like-goat-ai16z-and-fartcoin-and-this-crypto-wallet-aims-to-help-you-do-the-same\"><span style=\"font-weight: 400;\">Trader Makes $17.5 Million Trading Coins Like GOAT, AI16Z And Fartcoin&nbsp;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a 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class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1954,"featured_media":616158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[],"class_list":["post-616155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Frontrunner To Succeed Justin Trudeau Wants \u2018\u2019Crypto Capital\u2019\u2019<\/title>\n<meta name=\"description\" content=\"The frontrunner to replace Justin Trudeau as Canada&#039;s prime minister once promised to make the country a &#039;&#039;crypto capital.&#039;&#039;\" 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