Bitcoin (BTC / USD) – Canadians can’t “give up inflation” with Bitcoin: Prime Minister Justin Trudeau lashes out at the opposition

A current world leader is attacking an opponent candidate for his views on Bitcoin and cryptocurrency. Here’s the latest news from the Canadian political world and how cryptocurrency ideals could play a role in the 2025 prime minister’s election.

What happened: Justin Trudeau has been Canada’s prime minister since 2015, winning elections in 2015, 2019 and a special election in 2021. Trudeau, who has led the Liberal Party since 2013, will face opposition from the Conservative Party in the 2025 election.

Pierre Poilievre is the head of the Conservative Party and has been a proponent of cryptocurrencies such as Bitcoin BTC / USD with demands on Canadians to invest in the sector to avoid inflation.

Trudeau attacked Poilievre in a speech earlier this week, as reported by Decrypt.

“Attacking the institutions that make our society fair, safe and free is not responsible leadership,” said Trudeau.

The current prime minister said his opponent’s attacks on the government for spending management, reactions to the COVID-19 pandemic and other areas show that Canada’s best interest may not be backed by Poilievre.

“Telling people they can forgo inflation by investing their savings in volatile cryptocurrencies is not responsible leadership.”

Trudeau added that anyone who followed Poilievre’s advice and invested in Bitcoin “would have their life savings destroyed.”

Because it’s important: Poilievre was elected leader of the Conservative Party, obtaining 68% of the party’s votes. One of his main campaign promises focused on reducing inflation.

The new Conservative Party leader has appeared on several Bitcoin podcasts and made his stance on the leading cryptocurrency known.

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Bitcoin’s fixed supply (21 million coins) is a key point for Poilievre in his campaign to tighten fiscal policy and use cryptocurrency as a hedge against inflation.

“The government is ruining the Canadian dollar, so Canadians should have the freedom to use other money, like Bitcoin,” Poilievre said in March.

The Conservative Party leader hopes to make Canada the “blockchain capital of the world”.

Earlier this year, Canada put in place emergency powers that included the ability to seize cryptocurrencies as part of anti-money laundering and terrorist financing rules.

Canada’s 2025 prime minister election could be followed around the world as it will see a person for Bitcoin fight a person who is against cryptocurrency.

BTC price action: Bitcoin is trading at $ 20,199.55 at the time of writing.

Related link: How to buy Bitcoin

Photo: Wandering Wolfgang through Flickr Creative Commons

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