Cryptocurrency

Trudeau says showing support for crypto is irresponsible leadership

Zegex

Justin Trudeau has criticized Canada’s newly elected leader of the Conservative Party for his support for cryptocurrencies.

series of Tweet On September 13, Canada’s prime minister said his party would continue to work with members of the Conservative Party, but would not hesitate to invoke “dubious and reckless economic ideas” they put forward.

“We have made every effort over the years to work with all Members of Parliament and will continue to do so. I also point out questionable and reckless economic ideas.”

Trudeau did not specifically name Pierre Polivre, but he did point out several things Polivre had been very vocal about as an irresponsible leader.

During the Conservative leadership race, Polivre said he would sack Governor Tiff Mackrem after criticizing the Bank of Canada for its reckless spending during the COVID-19 pandemic. Poirivre accuses Trudeau and his finance minister of causing inflation in the country, and the C$220 billion the government spent on income and supporting businesses is more to blame than global factors such as the war in Ukraine. Said there was.

Last winter, Polyvre voiced its support for cryptocurrencies, advising Canadians that they could “opt out” of inflation by investing in bitcoin. At the time, he made Canada the “Blockchain Capital of the World” and said he would drop the proposed Canadian CBDC project if elected Prime Minister.

Polivre is also a vocal opponent of mandatory vaccines in the country, and has supported anti-vaccine convoy protesters in Ottawa this year.

A showdown between Trudeau and Polyvre will have a direct impact on the Canadian cryptocurrency market. The Trudeau administration came under attack in February this year after law enforcement tried to seize a wallet worth more than $1 million in which his BTC was donated to trucker protests.

Posted In: Canada, Politics

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