Tesla and SpaceX CEO Elon Musk has proven his help for Pierre Poilievre, Canada’s pro-Bitcoin opposition chief.
This follows Canadian Prime Minister Justin Trudeau’s announcement of his resignation on January 7, within the wake of the abrupt departure of his finance minister, Chrystia Freeland.
The Endorsement
Musk shared a video of Poilievre discussing inflation and financial coverage on X, captioning it, “Completely articulated.” Because the Conservative Get together chief, he’s now broadly seen because the frontrunner to succeed Trudeau, with Canada’s federal election scheduled for October 20, 2025.
The video has gained quite a lot of consideration, notably from the cryptocurrency group, which has rallied behind him resulting from his pro-crypto stance and advocacy for innovation.
The opposition chief has been a long-time supporter of Bitcoin, steadily showing on digital asset podcasts and advocating for Canada to turn into the “blockchain capital of the world.”
In his 2022 marketing campaign, he made his backing of the flagship cryptocurrency clear through the use of it to pay for shawarma, a transfer paying homage to U.S. President-elect Donald Trump’s purchase of burgers in New York’s PubKey bar, utilizing BTC.
A couple of weeks later, he donated $100 value of Bitcoin to the British Columbia Society for the Prevention of Cruelty to Animals. Moreover, he pledged to take away taxes on crypto donations if he turned Prime Minister.
The 45-year-old has additionally made a number of pro-crypto statements. On one event, he argued that “Canadians ought to have the liberty to make use of different types of cash, like Bitcoin,” criticizing the federal government for “ruining” the nation’s fiat foreign money.
Poilievre has additionally been an outspoken critic of Canada’s central financial institution. In April 2022, he attributed the North American nation’s file inflation to the establishment’s controversial insurance policies. He additionally said that alternate options like Bitcoin have been important in addressing Canada’s financial challenges.
Additional, a Reuters report from April final 12 months confirmed that the 45-year-old voiced his help for laws that might block the introduction of a central financial institution digital foreign money (CBDC) within the nation.
Poilievre’s Odds and Vancouver’s Bitcoin Strikes
Information from the prediction market Polymarket shows that Poilievre has an 89% probability of profitable the upcoming election, far forward of the following closest contender, Chrystia Freeland, who has only a 7% probability.
In associated information, on December 11, Vancouver’s Metropolis Council authorised a motion put ahead by Mayor Ken Sim, suggesting town take into account holding Bitcoin in reserve and accepting cryptocurrency funds for municipal providers.
Native media revealed that the proposal handed alongside occasion strains, with Sim and ABC Vancouver councilors in favor, whereas two Inexperienced councilors opposed it. Sim has additionally dedicated to donating $10,000 value of Bitcoin in help of the initiative.
“Bitcoin is the primary performing asset on the planet over the past 16 years, so to not even have a look at together with it as part of a diversified portfolio is, I believe, reckless,” he mentioned.
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Tesla and SpaceX CEO Elon Musk has proven his help for Pierre Poilievre, Canada’s pro-Bitcoin opposition chief.
This follows Canadian Prime Minister Justin Trudeau’s announcement of his resignation on January 7, within the wake of the abrupt departure of his finance minister, Chrystia Freeland.
The Endorsement
Musk shared a video of Poilievre discussing inflation and financial coverage on X, captioning it, “Completely articulated.” Because the Conservative Get together chief, he’s now broadly seen because the frontrunner to succeed Trudeau, with Canada’s federal election scheduled for October 20, 2025.
The video has gained quite a lot of consideration, notably from the cryptocurrency group, which has rallied behind him resulting from his pro-crypto stance and advocacy for innovation.
The opposition chief has been a long-time supporter of Bitcoin, steadily showing on digital asset podcasts and advocating for Canada to turn into the “blockchain capital of the world.”
In his 2022 marketing campaign, he made his backing of the flagship cryptocurrency clear through the use of it to pay for shawarma, a transfer paying homage to U.S. President-elect Donald Trump’s purchase of burgers in New York’s PubKey bar, utilizing BTC.
A couple of weeks later, he donated $100 value of Bitcoin to the British Columbia Society for the Prevention of Cruelty to Animals. Moreover, he pledged to take away taxes on crypto donations if he turned Prime Minister.
The 45-year-old has additionally made a number of pro-crypto statements. On one event, he argued that “Canadians ought to have the liberty to make use of different types of cash, like Bitcoin,” criticizing the federal government for “ruining” the nation’s fiat foreign money.
Poilievre has additionally been an outspoken critic of Canada’s central financial institution. In April 2022, he attributed the North American nation’s file inflation to the establishment’s controversial insurance policies. He additionally said that alternate options like Bitcoin have been important in addressing Canada’s financial challenges.
Additional, a Reuters report from April final 12 months confirmed that the 45-year-old voiced his help for laws that might block the introduction of a central financial institution digital foreign money (CBDC) within the nation.
Poilievre’s Odds and Vancouver’s Bitcoin Strikes
Information from the prediction market Polymarket shows that Poilievre has an 89% probability of profitable the upcoming election, far forward of the following closest contender, Chrystia Freeland, who has only a 7% probability.
In associated information, on December 11, Vancouver’s Metropolis Council authorised a motion put ahead by Mayor Ken Sim, suggesting town take into account holding Bitcoin in reserve and accepting cryptocurrency funds for municipal providers.
Native media revealed that the proposal handed alongside occasion strains, with Sim and ABC Vancouver councilors in favor, whereas two Inexperienced councilors opposed it. Sim has additionally dedicated to donating $10,000 value of Bitcoin in help of the initiative.
“Bitcoin is the primary performing asset on the planet over the past 16 years, so to not even have a look at together with it as part of a diversified portfolio is, I believe, reckless,” he mentioned.
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LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE place on any coin!
