Written by 9:38 am Bitcoin

Bitcoin maxis bullish on new leader of Canada’s Conservative Party

Bitcoin (BTC) maximalists are celebrating the election of Pierre Poilievre as the new leader of Canada’s Conservative Party because of his pro-crypto views.

Who is Pierre Poilievre?

Pierre Poilievre shot into the limelight earlier this year when he supported truckers’ protests against vaccination in Ottawa.

Since then, Poilievre has repeatedly criticized Justin Trudeau’s-led government over its policies, blaming the country’s apex bank for the high inflation rate and promising to put Canadians’ money back in their hand.

The Canadian government had drawn the ire of the crypto community after it froze over 250 wallets connected to the Ottawa protests.

Poilievre and crypto

The politician became a darling of the crypto industry due to his numerous pro-crypto proclamations.

In March, Poilievre purchased shwarma in an Ontario restaurant using Bitcoin to demonstrate his support for the industry.

Poilievre said he wants to make Canada “the blockchain capital of the world” if elected as prime minister. He has also promised to unleash the power of crypto in the country’s fight against inflation.

The pro-crypto politician had also vowed to stop the proposed Canadian Central Bank Digital Currency (CBDC) project if elected.

Poilievre reportedly holds “units of Purpose Bitcoin, a Canadian-based, exchange-traded fund that holds cryptocurrencies.”

What Bitcoin supporters are saying

Vocal Bitcoin supporter Dennis Porter said if Poilievre “secures the Prime Minister spot in Canada, it’s only a matter of time before a U.S. President becomes a bitcoiner as well.”

Others like Samson Mow congratulated Poilievre, adding that there is now a real chance to fix Canada.

Simon Dixon opined, “we need more politicians that understand sound money to get through what comes next in our economies.”

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