May 21, 2022

Canadian Political Party Leader Says He Supports Bitcoin Ahead of Elections

2 min read

Maxime Bernier– leader of the fast-growing “People’s Party” of Canada, has actually validated that he supports the Bitcoin and cryptocurrency space simply a week prior to a federal election in the nation.

Bitcoin: A Counter to Central Banking

Bernier exposed his opinion for Bitcoin in a tweet earlier this week, after lots of had asked him whether he supported the property and any of the alternative coins. “Of course I do,” he responded.

“I dislike how central banks are destroying our money and economy. I’m more of an old-fashioned gold & & silver fan, however cryptos are another new and ingenious way to counter this that must be motivated.”

This declaration remains in line with other comments from Bernier condemning the existing financial system and the inflation of the money supply. Yesterday, he criticized Prime Minister Justin Trudeau for abusing the “Keynesian apparatchiks” at the Bank of Canada, printing money to money his “gigantic deficits.”

Alternatively, the Bitcoin network has a repaired supply cap of 21 million coins, so it has frequently been touted as the service to inflationary monetary policy by members of the community.

Bernier’s tweet received 10k likes together with radiant assistance from Bitcoin enthusiasts, though some urged him to take his support an action even more. Stephan Livera, handling director at SwanBitcoin, responded to Bernier, arguing that Bitcoin transcends to gold and “the only opportunity” that Canada has.

Bernier’s “People’s Party” brings together “populism, classical conservatism, and libertarianism,” with an “undeviating dedication to minimizing the size of federal government,” as reads their site. Though they currently hold no seats in parliament, surveys predict that they might win as much as 6.1% of the vote in a federal election that is only a week away.

Maxime Bernier. Source: iPolitics

Maxime Bernier. Source: iPolitics More Political Support for Bitcoin

While rates have actually been changing hugely since late, there has actually also been a strong undercurrent of political adoption and curiosity for Bitcoin around the world. El Salvador famously adopted the cryptocurrency as legal tender previously this month, and a recent survey reveals that 48% of Brazilians are in favor of following in those footsteps.

Additionally, Ukraine passed a decree to legalize all cryptocurrencies just days back, and the federal government plans to create a regulative body that will provide licenses for companies surrounding digital assets.

Included Image Courtesy of TheStar