Canada’s Contradiction on Cryptocurrencies
Canada has its share of high inflation numbers, so does the USA and Europe. The country’s inflation numbers have reached the highest in the past 40 years. As inflation was skyrocketing, Bitcoin’s price was crashing simultaneously.
Canadian politician Pierre Pollievere is known for his crypto-savvy approach and his promise of transforming Canada into (in his own words) "the blockchain capital of the world”.
Pollievere emphasizes the importance of creating new job opportunities within the Web3 field and he believes that the government is “ruining the Canadian dollar”. He suggests Canadian citizens to lean towards digital assets, such as cryptocurrencies. Pierre Pollievere has recently been elected to lead the Conservative Party in Canada, as the opposition to the Liberal Party and its leader, Justin Trudeau. Pollievere won 68.15% of the votes making everyone wish that they could have a conservative party leader like this, who supports Web3.
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Following the statements of Pierre Pollievere, Justin Trudeau posted a tweet and wrote:
"We’ll also call out questionable, reckless economic ideas, telling people that they can opt out of inflation by investing in cryptocurrencies is not responsible leadership."
Later he repeated his statement on a TV show, and added more. Trudeau accused the counter-party leader of being irresponsible for encouraging citizens to invest in unstable currencies.
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Let's Remember the Freedom Convoy and Its Effects
After a convoy of truck drivers, who named themselves the “Freedom Convoy” invaded an area in Ottawa to protest mandatory vaccinations and Covid lockdowns, a State of Emergency was declared by the Canadian government.
The Trudeau-led government, not only continued the Emergency Act, but also ordered to stop the “Freedom Convoy” fundraising and freeze the collected funds, and those of more than 100 crypto addresses too. In addition to this, Canada's federal police demanded crypto exchange companies to freeze protestors’ wallets.
Source: cointelegraph.com
analyst opinion
Eda Tutkun
Canadian politician Pierre Pollievere is known for his crypto-savvy approach and his promise of transforming Canada into (in his own words) "the blockchain capital of the world”.
Pollievere emphasizes the importance of creating new job opportunities within the Web3 field and he believes that the government is “ruining the Canadian dollar”. He suggests Canadian citizens to lean towards digital assets, such as cryptocurrencies. Pierre Pollievere has recently been elected to lead the Conservative Party in Canada, as the opposition to the Liberal Party and its leader, Justin Trudeau. Pollievere won 68.15% of the votes making everyone wish that they could have a conservative party leader like this, who supports Web3.
Following the statements of Pierre Pollievere, Justin Trudeau posted a tweet and wrote:
"We’ll also call out questionable, reckless economic ideas, telling people that they can opt out of inflation by investing in cryptocurrencies is not responsible leadership."
Later he repeated his statement on a TV show, and added more. Trudeau accused the counter-party leader of being irresponsible for encouraging citizens to invest in unstable currencies.
Let's Remember the Freedom Convoy and Its Effects
After a convoy of truck drivers, who named themselves the “Freedom Convoy” invaded an area in Ottawa to protest mandatory vaccinations and Covid lockdowns, a State of Emergency was declared by the Canadian government.
The Trudeau-led government, not only continued the Emergency Act, but also ordered to stop the “Freedom Convoy” fundraising and freeze the collected funds, and those of more than 100 crypto addresses too. In addition to this, Canada's federal police demanded crypto exchange companies to freeze protestors’ wallets.
Source: cointelegraph.com
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