{"id":6384,"date":"2025-01-07T03:31:34","date_gmt":"2025-01-07T03:31:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6384"},"modified":"2025-01-07T03:31:34","modified_gmt":"2025-01-07T03:31:34","slug":"bitcoin-reserve-might-be-established-by-potential-next-canadian-pm-expert-suggests","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6384","title":{"rendered":"Bitcoin Reserve Might Be Established By Potential Next Canadian PM, Expert Suggests"},"content":{"rendered":"
\n

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 \u201cincreasingly likely to announce he intends to step down,\u201d 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\u2019s departure would leave the ruling Liberal Party without a permanent leader ahead of a looming election deadline.<\/p>\n

Why Canada Could Turn Pro-Bitcoin<\/h2>\n

Trudeau\u2019s rumored exit coincides with polls signaling a notable decline in Liberal support. According to CBC News\u2019 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.<\/p>\n

BTC Inc CEO David Bailey, who was instrumental in \u201corange pilling\u201d<\/a> US President-elect Donald Trump\u2019s, has fueled the rumors, stating via X today that \u201cPierre Poilievre will deliver Canada a Strategic Bitcoin Reserve.\u201d<\/p>\n

\"Pierre<\/p>\n

Bailey and other experts on X note that this echoes Trump\u2019s own plans: during his campaign at the Bitcoin 2024 Conference, he spoke of establishing a \u201cnational stockpile\u201d for seized BTC and even floated the idea of paying off the US national debt with BTC.<\/p>\n

Poilievre\u2019s history with BTC advocacy is well documented<\/a>. He once argued that Bitcoin could enable Canadians to \u201copt out of inflation,\u201d 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 \u2013 170% surge. Poilievre famously showcased his support for Bitcoin by purchasing shawarma with Bitcoin in March 2022, quipping that \u201cyou\u2019ll never believe how [a shop owner] outsmarted government to beat inflation. Today, I\u2019m buying lunch from him\u2014and bringing my Bitcoin wallet.\u201d<\/p>\n

He also posted via X in April 2022: \u201cThe Bank Of Canada says Bitcoin-ers lack financial literacy. This from the same people who promised we\u2019d have \u201cdeflation\u201d right before inflation hit a 30 year high. It is our central bank that is financially illiterate,\u201d as well as \u201cMoney-printing deficits make our wages \u201cgo up in smoke\u201d. #JustinFlation. We need sound money again\u2014and also the freedom for buyers and sellers to choose Bitcoin and other technology.\u201d<\/p>\n

Despite BTC\u2019s strong performance, Poilievre faced criticism from the Liberal Party and other political adversaries. Critics labeled his stance a political wedge issue, prompting him to go relatively quiet on the matter.<\/p>\n

However, in a November 2024 speech, Poilievre argued that Canadians \u201cshould be free to decide whether or not they want to use Bitcoin,\u201d adding that he had no desire to \u201cban Bitcoin\u201d like some other nations. He has also been a vocal opponent of Central Bank Digital Currencies<\/a>, once stating emphatically, \u201cThere will be NO Central Bank Digital Currency.\u201d<\/p>\n

While no official plans or policies have been confirmed, the possibility of a BTC reserve appears closer than ever for Canada. If Trudeau does step down and Poilievre becomes the next prime minister, many in the BTC sphere believe Canada could follow in the footsteps of emerging pro-BTC policymakers on the global stage.<\/p>\n

At press time, BTC traded at $99,318.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

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 \u201cincreasingly likely to announce he intends to step down,\u201d although no final decision has been made. A source familiar with the matter told the news agency that the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6384","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6384"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6384\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}