Pierre Poilievre Emerges as Possible Pro-Crypto Leader in Canada After Trudeau Resigns

• Trudeau’s resignation boosts Pierre Poilievre as pro-Bitcoin leader.
• Poilievre advocates financial freedom and cryptocurrency-friendly regulation.
• Polymarket gives an 87% chance of Poilievre being elected.

Justin Trudeau’s recent resignation as Prime Minister of Canada and leader of the Liberal Party has brought a significant shift in the country’s politics. Amidst the speculation, Pierre Poilievre, leader of the Conservative Party, stands out as the likely successor, with an 87% chance of winning, according to Polymarket, a smart contract-based prediction platform.

Justin Trudeau just resigned.

There's a 92% chance Conservative Pierre Poilievre will be the next Prime Minister of Canada. pic.twitter.com/DNinDL8n0h

— Polymarket (@Polymarket) January 6, 2025

Trudeau announced his decision on January 6, 2025, citing internal challenges within the party and the need to offer Canadians a new direction in the upcoming election. In his speech, he reflected on his political career, highlighting achievements such as his handling of the pandemic and support for Ukraine, but acknowledging shortcomings, such as the lack of reform of the electoral system.

With Parliament prorogued until March 24 for the Liberal Party to choose its next leader, all eyes are on Poilievre. Known for his opposition to central bank digital currencies (CBDCs) and support for cryptocurrencies, Poilievre has vowed to transform Canada into a global hub for blockchain and crypto innovation.

During his campaign, Poilievre stressed the importance of giving citizens the freedom to choose alternatives to the Canadian dollar, such as Bitcoin. He also sharply criticized the Bank of Canada for its monetary policy, advocating for the use of physical and digital money in a decentralized manner.

Additionally, Poilievre’s campaign has highlighted his commitment to attracting blockchain companies to Canada by promoting clear and friendly regulations. He has already demonstrated his pro-crypto stance by conducting Bitcoin transactions at public events, solidifying his image as an advocate for a more accessible and innovative financial system.

Although Poilievre's stance has drawn criticism from political opponents, who point out the risks associated with the volatility of cryptocurrencies, his supporters believe that his policies represent a step forward for the crypto sector and an alternative to the traditional financial system.

The next prime minister is expected to be decided before October 2025, and the results could shape Canada’s position as a global leader in cryptocurrency adoption.