| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $106692.2400000000 |
| ETH | $2455.6270000000 |
| BNB | $652.8405500000 |
| XRP | $2.2071300000 |
| ADA | $0.5625608000 |
| SOL | $149.2001000000 |
| DOGE | $N/A |
| DOT | $3.3326900000 |
| LTC | $86.2277000000 |
| LINK | $13.1865900000 |
Category: CRYPTO NEWS
The post Bitcoin Reserve Possible Under New Canadian PM: Expert appeared on BitcoinEthereumNews.com. According to several reports, Canadian Prime Minister Justin Trudeau may soon step down, potentially opening the door for a more Bitcoin-friendly government. According to Reuters, Trudeau is “increasingly likely to announce he intends to step down,” although no final decision has been made. A source familiar with the matter told the news agency that the decision could come as early as Monday, noting that Trudeau’s departure would leave the ruling Liberal Party without a permanent leader ahead of a looming election deadline. Why Canada Could Turn Pro-Bitcoin Trudeau’s rumored exit coincides with polls signaling a notable decline in Liberal support. According to CBC News’ Poll Tracker, the official opposition Conservatives led by Pierre Poilievre have built a commanding 23% lead, with projected 44% of the vote going to them if an election were held today. Notably, Poilievre has voiced pro-Bitcoin sentiments in the past and might usher in policies more welcoming of digital assets. BTC Inc CEO David Bailey, who was instrumental in “orange pilling” US President-elect Donald Trump’s, has fueled the rumors, stating via X today that “Pierre Poilievre will deliver Canada a Strategic Bitcoin Reserve.” Source: X Bailey and other experts on X note that this echoes Trump’s own plans: during his campaign at the Bitcoin 2024 Conference, he spoke of establishing a “national stockpile” for seized BTC and even floated the idea of paying off the US national debt with BTC. Poilievre’s history with BTC advocacy is well documented. He once argued that Bitcoin could enable Canadians to “opt out of inflation,” at a time when 1 BTC hovered around $40,000. Since then, the the BTC price has surged, reaching a high of over $108,000 at one point a – 170% surge. Poilievre famously showcased his support for Bitcoin by purchasing shawarma with Bitcoin in March 2022,…
2025-01-07T03:37:09+00:00