Poilievre says crypto should be 'kept legal and let it thrive'

Conservative MP and leadership candidate Pierre Poilievre has promised to make Canada the blockchain capital of the world, and has made it clear that he will be running as a pro-bitcoin candidate.

On Monday, Poilievre released a statement in which he said that the Trudeau Liberals' ruining of Canada's money with "American-style money printing that has inflated the assets of the rich and the cost of living for everyone else" was causing "Justinflation," and highlighted how bitcoin could remedy the increase.

During a finance committee meeting, Poilievre spoke with the owner of Tahini's, a London, Ontario shawarma restaurant, that was able to offset inflation through investments in cryptocurrency.

The store's owner told Poilievre that it was his experience in middle eastern countries that gave him the foresight.

Poilievre would go on to buy a shawarma from Tahini's using bitcoin.

"After creating over $400 billion in cash out of thin air since 2020, Canada's inflation rate has hit a 30-year high and housing inflation is hitting all-time records," he said yesterday. "Canada's housing bubble is the second-worst in the world. Since Trudeau took office, the Canadian dollar has lost half its purchasing power for buying homes, as real estate prices have doubled."

"Across western economies, governments have fueled inflation and created dangerous bubbles and a growing wealth gap," he continued lambasting Trudeau's treatment of the Canadian economy.

"Government is ruining the Canadian dollar, so Canadians should have the freedom to use other money, such as Bitcoin," he said.

"The Blockchain economy is about more than new forms of cash. It's also about decentralizing control of our economic decisions. A Poilievre government would welcome this new, decentralized, bottom-up economy and allow people to take control of their money from bankers and politicians," Poilievre continued.

"It would expand choice and lower the costs of financial products, and create thousands of jobs for engineers, programmers, coders, and other entrepreneurs."

Poilievre is a vocal proponent of freedom in all of its forms and Cryptocurrency is perceived to be the freest form of economics. Numerous authoritarian countries have banned Cryptocurrency altogether. These include Egypt, Iraq, Qatar, Oman, Morocco, Algeria, Tunisia, Bangladesh, and China.