While Justin Trudeau announced his resignation from the post of Prime Minister of Canada, Pierre Poilievre appears to be one of the favorites to succeed him. What is its position on cryptocurrencies?
Pierre Poilievre: a pro-Bitcoin candidate as Prime Minister of Canada?
After 10 years at the head of Canada, Prime Minister Justin Trudeau announced Monday that he was resigning. While the time is for speculation regarding his replacement, one personality seems to be the favorite on the on-chain betting platform Polymarket: Pierre Poilievre.
In fact, punters are currently giving 89% of their bets to the conservative, nicknamed the “Canadian Trump” by the media:
Betting on the next Canadian Prime Minister on Polymarket
💡 What is a predictive market like Polymarket?
Originally, the next elections were scheduled to be held in October 2025, but these could then be brought forward. Note, however, that Parliament has been prorogued until March 24, which in a way means that the country's legislative apparatus is on pause until the spring.
To return to Pierre Poilievre, note that the person concerned appears to benefit from the support of Elon Musk. Indeed, the entrepreneur praised on Tuesday his comments made on inflation during a meeting with workers:
Perfectly articulated
pic.twitter.com/0R00kkCC7z— Elon Musk (@elonmusk) January 7, 2025
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Additionally, the conservative is also seen as a pro-crypto candidate. The main reason for this is comments made in March 2022, when he was already criticizing the monetary policy of the government in place:
The government is ruining the Canadian dollar, so Canadians should have the freedom to use other currencies, like bitcoin.
Earlier that same year, Michael Saylor also showed his approval on the way the politician supported Bitcoin :
“Money is a technology by which we transport value over time and space.” – @PierrePoilievre we #Bitcoin pic.twitter.com/dvqdzc2tb5
— Michael Saylor⚡️ (@saylor) January 16, 2022
As the race for Prime Minister unfolds, it will be interesting to see if Pierre Poilievre renews his positionand how he will seek to integrate cryptocurrencies into his political program.
Until then, the ecosystem has deplored local regulation, to the point that several players, including Binance and Gemini, have left the country.
👉 Also in the news — Syria could adopt Bitcoin to meet the challenges of its economic reconstruction
While Donald Trump called on Canada to merge with the United States, Pierre Poilievre showed firm opposition on the subject: “Canada will never be the 51st state. Period.“.
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Source: Polymarket
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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