Canada’s Prime Minister Justin Trudeau has announced he is officially resigning from his position in office and as the Leader of the Liberal Party of Canada — effective when the party chooses his successor.
Trudeau has faced massive criticism over the last few years due to his inability to solve the housing shortages, inflation, and other economic struggles the country is facing. He has also stated that he is fighting internal battles, and therefore cannot be the best option for the country in the upcoming 2025 Canadian federal election.
🚨 #BREAKING – JUSTIN TRUDEAU: "I intend to resign as [Liberal] Party leader, as Prime Minister [of Canada] after the party selects its next leader."
Replacement elections to happen in the near future.
"If I'm having to fight internal battles, I cannot be the best option." pic.twitter.com/HPAh6FJHlT
— Eric Daugherty (@EricLDaugh) January 6, 2025
Trudeau, known for his anti-Bitcoin stance alongside his other poor economic policies, said in early 2023 that his political opponent and Leader of the Conservative Party of Canada, Pierre Poilievre, was not fit for leadership because he correctly told Canadians citizens to opt out of inflation by holding bitcoin. Trudeau cherry picked data from when Poilievre said that and used it as an attempt to make holding bitcoin seem like a bad decision, stating that Canadians would have lost half of their life savings if they had bought bitcoin.
If Trudeau had been intellectually honest and able to see the bigger picture, he would have also encouraged his citizens to accumulate bitcoin as well, because bitcoin’s price has increased about 375% since Trudeau tried to make a mockery of saving in bitcoin.
JUST IN: 🇨🇦 Canada Prime Minister Justin Trudeau officially to resign from office.
In 2023 he mocked his political opponent for telling people to buy #Bitcoin, saying "that's not responsible leadership." pic.twitter.com/0gjKIezPXC
— Bitcoin Magazine (@BitcoinMagazine) January 6, 2025
Canada has their federal election coming up later this year, and they have the potential to elect the next Bitcoin world leader — Pierre Poilievre. Poilievre is a staunch Bitcoin advocate and has done the work to understand what money is. Here below is a great 10 minute speech by Poilievre on money, really showcasing his deep understanding of it. And here is another speech in which Poilievre says the “bottom line is we’re growing the money supply which causes inflation. We’re printing money to fund irresponsible government spending.”
🇨🇦 The pro-#Bitcoin new leader of the Conservative Party of Canada giving an excellent speech on “What is money?” 👏
— Bitcoin Magazine (@BitcoinMagazine) September 11, 2022
Similar to how Trump visited PubKey in New York City to purchase burgers and drinks using the Bitcoin Lightning Network, Poilievre has also visited a local Bitcoin business to purchase food with Bitcoin. In 2023, he visited a Canadian restaurant accepting bitcoin as payment and paid in BTC for food, further showcasing his openness to embracing the asset and promoting the use of it as a medium of exchange and not just a store of value.
FUN FACT: Like Trump buying burgers with #Bitcoin, Canada's Conservative Party Leader Pierre Poilievre also buys food with Bitcoin.
He is currently leading in the polls. Will Canada be the next country to adopt #Bitcoin?! 🇨🇦 pic.twitter.com/PMkB4J4BTx
— Nikolaus Hoffman (@NikolausHoff) January 6, 2025
Bitcoiners in Canada have a chance to vote for a Prime Minister who would have sound economic policies and promote the usage of Bitcoin. If this happens, they would join the ranks of the United States, El Salvador and other countries who have leaders embracing Bitcoin and the benefits of that. Canada’s election is slated to take place on or before October 20, 2025.
I personally think that Poilievre is the best choice for Canada this election, not only because of his pro-Bitcoin stance, but because of his economic policies, freedom-oriented mindset, and rational thinking. I hope to see Canada embrace Bitcoin, and solve their economic problems caused by Trudeau and the Liberal Party of Canada’s poor mismanagement of the economy by choosing new Conservative leadership and encouraging further use of Bitcoin in the country.
So Canadians, go out and vote for Poilievre this election. This is your shot to make history and embrace the future of finance with Bitcoin.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
