Key Street Shops
- Pierre Poilievre opposes central bank digital currencies and supports Bitcoin and other digital assets.
- Poilievre advocates favorable regulations for blockchain companies and sees crypto as a hedge against economic instability.
Pierre Poilievre, the leader of the Conservative Party of Canada, is positioned as a prominent advocate for crypto and DeFi as he emerges as the main candidate for Prime Minister following the resignation of Justin Trudeau.
Poilievre got into crypto podcast in February 2022 hosted by Robert Breedlove, a Bitcoin advocate known for making controversial comparisons between central banking policies and historical crises.
During the show, Poilievre shared that he and his wife often watch the YouTube cryptic channel Breedlove “late at night.”
“I find it very informative,” he said, adding that they have learned a lot about Bitcoin and monetary matters from the host.
The Conservative leader has shown his commitment to digital assets by investing in the Bitcoin Purpose ETF in 2022, although his current holdings are not disclosed, according to CTV news. Its platform includes creating favorable regulations for blockchain companies and treating crypto assets like commodities for tax purposes.
Poilievre has actively opposed the implementation of a central bank digital currency (CBDC), supporting Bill C-400 to regulate CBDCs while advocating the right of Canadians to use Bitcoin and other digital assets.
“The Government is destroying the Canadian dollar, so Canadians should be free to use other money, like bitcoin,” Poilievre said in 2022 statement.
“Canada needs less financial control for politicians and bankers and more financial freedom for the people. That includes the freedom to own and use crypto, tokens, smart contracts and decentralized finance.”
Prediction markets show different forecasts for Poilievre’s election chances, with Polymarket indicating an 89% probability of victory, while other platforms like Kalshi project lower.
Poilievre’s stance represents a departure from Trudeau’s more cautious approach to digital assets, which includes banning certain crypto wallets linked to protests.
Since entering Parliament in 2004, Polievre has advocated for reduced government intervention and greater economic independence, promoting a vision in which Canadians can reject inflation through the use of crypto.
