Pro-Bitcoin Pierre Poilievre to lead Canada as Trudeau resigns

Canadian Prime Minister Justin Trudeau announced his resignation, paving the way for Pierre Poilievre, the pro-bitcoin Conservative leader, to potentially take the helm.

Trudeau’s decision comes amid mounting political pressure and internal party conflicts, with recent polls indicating the Liberal Party is headed for a significant defeat in the upcoming general election, expected before October 20.

Trudeau’s resignation follows a series of crises, including high living costs and a housing crisis, which have contributed to voter dissatisfaction.

His departure was hastened by a meeting with 50 Liberal members from Ontario, where many expressed concerns over his leadership.

Trudeau's political career has been marred by controversies, notably his strained relationship with former U.S. President Donald Trump.

Tensions peaked in 2016 when Trump threatened tariffs on Canadian goods, and attempts at reconciliation failed to ease the friction.

The resignation of Finance Minister Chrystia Freeland further destabilized Trudeau’s administration.

As Trudeau steps down, attention shifts to Pierre Poilievre, the Conservative Party leader, known for his pro-bitcoin stance.

Poilievre has been an advocate for digital currencies and blockchain technology, suggesting a potential shift in Canada’s economic policies under his leadership.

During the 2022 "Freedom Convoy" protests, Trudeau’s decision to invoke the Emergencies Act, enabling the freezing of bank accounts and insurance suspension, drew criticism, especially from the bitcoin community.

Trudeau's handling of the protests deepened the divide between his administration and digital currency advocates.

Poilievre's potential leadership could redefine Canada's stance on digital currencies and influence the nation’s economic strategies in the digital age.