Canadian Prime Minister Candidate Promises Bitcoin And Blockchain Economy

Published by
Canadian Prime Minister Candidate Promises Bitcoin And Blockchain Economy

Canadian Prime Minister Candidate Pierre Poilievre said a government led by him will be focusing to create a decentralized economy. Pierre Poilievre promises to utilize the potential of cryptocurrencies, such as Bitcoin and Ethereum, and blockchain technology. Moreover, he believes Canadians should have the freedom to use Bitcoin and other digital assets as money.

Advertisement

Canadian Minister Pierre Poilievre Believes in Decentralized Economy

Pierre Poilievre, the Canadian Prime Minister candidate for the Conservative Party, said on Monday the government under him will look to decentralize the Canadian economy with the adoption of cryptocurrencies, including Bitcoin. Moreover, the government will look to reduce the influence of central banks, broadening the money choices available to Canadians.

Criticizing the Bank of Canada’s $400 billion in cash out through quantitative easing during the COVID-19 crisis, Pierre Poilievre said:

“Government is ruining the Canadian dollar, so Canadians should have the freedom to use other money, such as bitcoin.”

Furthermore, while speaking at a Bitcoin payment-focused shawarma shop in London, Ontario, he blamed the central bank for the 30-year-high inflation rate and record housing prices as a result of using quantitative easing policy to create an artificial money supply.

Urging Canadians to take control of their money by using bitcoin as an inflation hedge and a store of value, he said:

“Choice and competition can give Canadians better money and financial products. Not only that, but it can also let Canadians opt-out of inflation with the ability to opt-in to crypto currencies.”

Advertisement

Making Canada the “Blockchain Capital of the World”

Currently, Canadian Prime Minister Justin Trudeau has built a hostile environment against crypto as a result of the Freedom Convoy protests in Ontario. Moreover, there is a lack of understanding and regulatory clarity on crypto.

Through the use of Bitcoin and blockchain technology, Prime Minister Candidate Pierre Poilievre looks to attract the crypto community to support him. Moreover, creating a decentralized economy with the use of crypto adoption and blockchain technology, while providing Canadians the freedom to explore the crypto market.

“Canada needs less financial control for politicians and bankers and more financial freedom for the people.”

Advertisement

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

SEC Chair Paul Atkins Says Crypto Is Top Priority At SEC CFTC Roundtable

The U.S. Securities and Exchange Commission has placed cryptocurrency at the top of its current…

September 30, 2025
  • 24/7 Cryptocurrency News

Legal Expert Breaks Down XRP’s Appeal as Ripple SWIFT Debate Heats Up

The running rivalry between Ripple and SWIFT resurfaced after a community callout to Ripple’s CEO.…

September 30, 2025
  • 24/7 Cryptocurrency News

Crypto Stakeholders Push Back as Banks Seek Yield Ban Provision in CLARITY Act

A dispute between crypto stakeholders and traditional banks has reemerged as lawmakers in the Senate…

September 30, 2025
  • 24/7 Cryptocurrency News

Crypto ETFs Approval Faces Uncertainty as Government Shutdown Looms, Bloomberg Analyst Says

Bloomberg analyst James Seyffart has shared his thoughts on a potential approval of the pending…

September 29, 2025
  • 24/7 Cryptocurrency News

Fed’s Hammack Backs Restrictive Policy Over Rate Cuts Amid Inflation Concerns

Cleveland Federal Reserve President Beth Hammack has advocated for a restrictive monetary policy amid growing…

September 29, 2025
  • 24/7 Cryptocurrency News

Fed Governor Chris Waller Champions Stablecoins as a Tool for Cheaper Global Payments

Federal Reserve Governor Chris Waller has said that stablecoins and public blockchains could cut cross-border…

September 29, 2025