A Bitcoin bull as Canada’s next prime minister? Polls say yes

Canada’s adjacent premier curate could beryllium a fiscal hawk with a penchant for Bitcoin.

Pierre Poilievre, the person of the Conservative Party, is simply a frontrunner to win Justin Trudeau, who announced connected Monday that helium would beryllium stepping down arsenic Canada’s premier curate and arsenic the caput of the Liberal Party.

Poilievre, 45, has vowed to slash authorities spending, tackle inflation, and enactment an extremity to what helium calls the “immoral tax” of printing money, which tends to thrust up user prices.

“Inflation is simply a taxation connected the moving people,” Poilievre said recently.

Crypto leaders spot an state successful Poilievre, who has called for a prohibition connected cardinal slope integer currencies, oregon CBDCs, and has investments successful Bitcoin exchange-traded funds.

Canada’s adjacent wide predetermination volition beryllium held nary aboriginal than October 2025 and Conservatives are presently leading the polls.

The Bitcoin platform

Poilievre’s bid to beryllium premier curate is besides dominating the betting pools, with an 89% accidental connected Polymarket and 91% connected Kalshi.

He has drawn comparisons to US President-elect Donald Trump, who besides champions Bitcoin and has vowed to chopped spending.

Trump precocious tapped Elon Musk to caput a committee called the Department of Government Efficiency, which volition beryllium committed to slashing the size of the national government.

Musk, meanwhile, has shown his enactment for Poilievre by sharing his speeches connected societal media and mocking Trudeau arsenic an “insufferable tool.”

Crypto societal media is besides rife with speculation Poilievre whitethorn privation to found a strategical Bitcoin reserve successful Canada. Trump’s vow to make specified a money successful the US during the predetermination run won him enactment successful crypto circles.

“A Poilievre authorities would present Canada a strategical Bitcoin reserve,” said David Bailey, CEO of Bitcoin Magazine, connected X.

CBDCs

Although Vancouver is already toying with the thought of creating its ain Bitcoin reserve, there’s nary grounds that Poilievre has considered implementing a akin nationalist policy.

Poilievre has besides been vocal successful opposing the Bank of Canada’s efforts to research cardinal slope integer currencies.

He argues that CBDCs could pb to greater authorities power implicit fiscal transactions and has called for Canadians to beryllium escaped to usage alternate currencies, including Bitcoin.

Bitcoin shawarma

Poilievre’s promotion of Bitcoin arsenic a hedge against ostentation has drawn criticism. In 2022 and 2023, Bitcoin fell successful tandem with stocks arsenic ostentation spiked successful the US, undermining its inferior arsenic specified a hedge.

During his 2022 Parliamentary predetermination campaign, Poilievre made headlines for purchasing a shawarma with Bitcoin and donating the cryptocurrency to an carnal foundation successful British Columbia.

At the time, helium described Bitcoin arsenic a mode for Canadians to “take power of their wealth from bankers and politicians.”

Kyle Baird is DL News’ Weekend Editor. Got a tip? Email astatine [email protected].