Why Pierre Poilievre may not be Canada’s crypto savior
Canada’s potential future PM has endorsed crypto in the past, but industry executives warn it may harm his upcoming campaign.
Canadian Conservative front-runner Pierre Poilievre has become a darling among crypto proponents, who say he will usher in a new era of financial freedom — but others fear he has more to lose than gain by embracing crypto in this upcoming election cycle.
After former Canadian Prime Minister Justin Trudeau resigned on Jan. 6, crypto bigwigs were quick to rally behind Poilievre. Tesla CEO Elon Musk posted a video of Poilievre addressing inflation concerns, to which Brian Armstrong, CEO of crypto exchange Coinbase, replied, “Well said.”
The same day, Bitcoin Magazine CEO David Bailey boldly projected that “Pierre Poilievre will deliver Canada a Strategic Bitcoin Reserve.”
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Author: Aaron Wood
