Canada Can Elect The Next Bitcoin World Leader

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?” 👏

pic.twitter.com/QdVZZIumG1

— 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.

Michael Saylor’s Trump Meeting Is Turbo Bullish for Bitcoin

Last night, President-elect Donald Trump’s son, Eric Trump, posted a photo of himself at Mar-a-Lago with MicroStrategy Executive Chairman Michael Saylor with the caption, “Two friends, one passion: Bitcoin.”

This is so unbelievably bullish — let me explain.

For the last four years, under the Biden-Harris administration with total Democrat control, the U.S. government did their best to terrorize this industry and attack us. The overwhelming majority of the Democrat party did not support Bitcoin and followed Elizabeth Warren’s lead on demonizing the industry and its participants. They weaponized the justice system to arrest Bitcoiners, tried to tax our unrealized gains, stopped pro-Bitcoin legislation from being signed into law, de-banked industry participants via Operation Chokepoint 2.0, refused to support Bitcoin in any meaningful way, and so much more.

They were truly anti-Bitcoin. If Kamala Harris had won the presidential election, their reign of terror on Bitcoin would have continued for at least four more years. But now, the Democrats’ war on Bitcoin in America is finally coming to an end. And a new administration is coming in — and they love Bitcoin.

Donald Trump is not even officially in office yet, and his family is already inviting Michael Saylor to his estate in Mar-a-Lago to discuss Bitcoin further. This isn’t the first time he’s done something like this either, like in 2024 when Trump invited American Bitcoin mining giants there to learn more about the industry and what he needs to do to best support them.

It is important to note that just two weeks ago, Saylor said on Bloomberg that he would be open to advising Donald Trump on Bitcoin. And now with him being at Mar-a-Lago, I think it is safe to speculate that something big might be brewing here.

The Trumps understand Bitcoin and continue to show their support for the asset and industry. Eric Trump recently gave a great speech at the Bitcoin MENA Conference in Abu Dhabi, explaining the characteristics that make Bitcoin an invaluable asset while also sharing his family’s personal experience being de-banked, and how Bitcoin protects individuals from being cancelled. Donald Trump Jr. made an appearance at the Bitcoin 2024 Conference in, along with his father, and showed lots of support for this asset and industry.

Donald Trump has committed to releasing Bitcoiners (Ross Ulbricht) from prison, sign pro-Bitcoin legislation into law, work with the industry to help us thrive, end Operation Chokepoint 2.0, appointed an official Crypto Czar, said “Bitcoin and crypto will skyrocket like never before” under his administration, and so much more.

Even if you’re not a fan of Trump, you have to acknowledge and give him and his family credit for the good work they’re doing to make a regulatory friendly environment for this industry to thrive in. Imagine all this industry can accomplish over the next four years being supported by the President, allowing us the room to innovate and build without fear of being harassed and demonized by our own government. I would say the sky is the limit but it’s even better than that.

Four years is a long time, especially in this industry. Lots can happen during that time and I am incredibly bullish on the future of Bitcoin in America under this incoming Trump administration.

Michael Saylor: "Bitcoin is on the menu at Mar-a-Lago."

AMERICA IS EMBRACING #BITCOIN LIKE NEVER BEFORE 🇺🇸 pic.twitter.com/7c2NJG7Kzd

— Nikolaus Hoffman (@NikolausHoff) January 3, 2025

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Protect Your Non-Custodial Bitcoin Wallet — Support The Open Dialogue Foundation

In a new report, the Open Dialogue Foundation (ODF) provides an overview and analysis of upcoming regulatory proposals around non-custodial Bitcoin and crypto wallets in the European Union (E.U.).

Some of the proposals — many of which are based on FATF recommendations — will negatively affect users’ ability to transact with crypto assets privately.

EU & FATF 2025: Your Bitcoin Wallet's New Rules?

What is the best Christmas gift from human rights, privacy and Bitcoin advocates?@ODFoundation provides you with a comprehensive respond on what you should know while using #Bitcoin p2p wallet, privacy payments tools &… pic.twitter.com/YZIlCZjSiR

— Lyudmyla Kozlovska 🇪🇺🇺🇦 (@LyudaKozlovska) December 24, 2024

Important takeaways from the report include:

• According to guidelines from the European Banking Authority (EBA), the current regulatory framework around crypto assets in the E.U. allows for actions that pose significant risks, including immediate withdrawals to non-custodial wallets and the use of anonymity-enhancing tools like mixers.

• Forthcoming Markets in Crypto-Assets Regulation (MiCA) regulation may influence Crypto-Asset Service Providers (CASPs) to adopt stricter AML/KYC practices.

• Regulation from the E.U. may prohibit CASPs from facilitating anonymous transactions, which would both reduce privacy for users of crypto-assets and increase operational costs for CASPs.

• The obligations that may be imposed on CASPs will conflict with the rise of proliferation of open-source technologies like the Lightning Network, Fedimint and ecash, which let users transact privately and in a censorship-resistant manner.

Do I share this all because I’m trying to ruin your holiday season? No, sirs and ma’ams.

I share it because we should be grateful for the work that the Open Dialogue Foundation does in shedding light on what’s happening within the regulatory landscape in the E.U. (especially as it pertains to non-custodial crypto wallets) and in developing relationships with elected officials in the E.U. to educate them on the importance of Bitcoin and other freedom technologies.

So, if you’re looking to make a tax-deductible donation to a nonprofit before the year is out, consider donating to the ODF.

And if you’re thinking either “Well, I don’t live in the E.U., so this doesn’t affect me” or “I do live in the E.U., but I’ll just move if it passes bad regulation,” I’d asking you to consider the following two points, (the first of which I lifted directly from this recent ODF report):

1. The European Union plays a central role in shaping global financial regulatory standards (which means that crypto transaction privacy advocates across the globe have something at stake here).

2. The organization making many of the proposals for the new regulatory framework in the E.U. — the FATF — is an international one, and it will leverage any wins it chalks up in the E.U. to influence regulation in other jurisdictions.

But, again, don’t be scared; be grateful.

Donate to the ODF to support its efforts, or do what you can to amplify the organization’s messaging.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.