Justin Trudeau today announced his resignation as leader of the Liberal Party ahead of the general election scheduled for later this year, in which his party is expected to lose.
“I intend to resign as party leader and as prime minister after the party elects its new leader,” declared Trudeau53, during a press conference in Ottawa. Thus, He will continue to serve as Prime Minister of Canada on an interim basis until a successor is named.
Trudeau’s decision has sparked intense speculation about his replacement. Among the possible successors, Pierre Poilievre, the leader of the opposition conservatives and openly pro-Bitcoin, stands out. who could be the next prime minister of Canada.
In the Canadian political system, the prime minister is not elected directly by voters, but by members of the majority party in parliament, currently the left-leaning Liberals. Among the most mentioned candidates are Chrystia Freeland, Trudeau’s former finance chief, Mark Carney, a prominent banking boss, and the aforementioned Pierre Poilievre, whose stance on Bitcoin has been widely discussed on the social network X.
Poilievre has caught the attention of the cryptocurrency community by stating that “People should have the freedom to decide whether or not they want to use bitcoin,” distancing itself from restrictive policies such as those of “communist China.” This approach has generated excitement, with voices like Ted Paulus suggesting that “if Pierre really wants Canada to stand out, he should make it the most Bitcoin-friendly country on the planet.”
Trudeau’s stance is criticized by the Bitcoin community, a sentiment shared by renowned Korean-American computer scientist Jimmy Song. Trudeau, who previously stated that “telling people they can opt out of inflation by investing in cryptocurrencies is not responsible leadership,” was noted for its anti-Bitcoin approach.
Many now agree that bitcoin is precisely what Canada needs. Especially due to the fact that the last decade has not been very good for the North American country. Rents have risen, salaries have stagnated, the debt has doubled and the monetary issue had no limits.
In fact, the former Finance Minister and Deputy Prime Minister of Canada was one of Trudeau’s key political allies until she recently resigned from cabinet. He opposed Trudeau’s proposals to increase spending, accusing him in a letter of “political tricks” instead of focusing on what was best for the country of 40 million people.
Probably, it is for this reason that bitcoin has gained prominence and currently more than 10% of Canadians own some cryptocurrency. And talking about bitcoin has made Poilievre popular, who since 2022 has warned that Canada’s money is brokenarguing that fiat currencies have lost their value and stability. In response to this crisis, he proposed that the country establish a strategic Bitcoin reserve. He sees digital currency as a solution to diversify and protect national reserves.