Pierre Poilievre Poised to Become Canada’s Next Prime Minister, Pledges Crypto and Blockchain Growth
Pierre Poilievre has emerged as the frontrunner to succeed Justin Trudeau as Canada’s Prime Minister following Trudeau’s resignation. Poilievre has pledged to position Canada as a global hub for cryptocurrency and blockchain innovation. His strong opposition to central bank digital currencies (CBDCs) and emphasis on financial freedom have made him a prominent figure in the upcoming federal election.
Pierre Poilievre’s Vision for a “Crypto Capital”
A resurfaced video from a March 2022 campaign event shows Poilievre purchasing a chicken shawarma using Bitcoin. During the event, he expressed his vision of making Canada the world’s leading blockchain and crypto hub, criticizing Canada’s central banking policies and regulations. He argued that Bitcoin could help Canadians “opt out” of inflation—a stance the Liberal Party later attacked in 2023 during the crypto market crash.
Since assuming leadership of the Conservative Party in 2022, Poilievre’s popularity has surged. A recent CBC News poll from January 6, 2025, shows the Conservatives leading the Liberals by 24 points, with a 98% probability of securing a majority government.
Justin Trudeau Resigns Amid Internal Party Struggles
Trudeau announced his resignation effective January 6, citing internal disagreements over handling the national debt and concerns about trade tariffs proposed by U.S. President-elect Donald Trump. Trudeau will step down once a new Liberal Party leader is selected. Parliament is set to reconvene on March 24, giving the party time to reorganize before the federal election.
Federal Election 2025: Poilievre’s Path Forward
The upcoming federal election, scheduled before October 20, 2025, will determine Canada’s next leader. Poilievre’s support for blockchain and crypto policies has attracted strong backing from the crypto community. Despite his previous investments in a Bitcoin ETF, Poilievre has since ceased public disclosures of his crypto holdings but remains an outspoken advocate for digital assets.
Poilievre’s campaign is centered around making Canada a leader in digital innovation, but his vision has sparked both excitement and concern. With the election approaching, the outcome could define Canada’s role in the global cryptocurrency landscape.
