Canada is witnessing a seismic political shift. Justin Trudeau, who has led the country since 2015, has announced his resignation as Prime Minister. This abrupt decision comes after internal government conflicts piled pressure on the long-serving leader. In his statement, Trudeau made it clear, saying:
I intend to resign as party leader and as prime minister after the party selects a new leader. I cannot be the one to carry the liberal standard into the next election.
Trudeau’s resignation brings an end to an era marked by progressive policies and controversies alike. His firm anti-crypto stance often sparked outrage, especially within the crypto community. During his tenure, he repeatedly warned Canadians about Bitcoin’s risks, claiming it could “erode life savings” amidst rising inflation. Many saw his handling of the 2022 Freedom Convoy protests as a turning point. Under the Emergencies Act, his government froze 34 crypto wallets and blocked transactions, which critics saw as excessive. These actions, coupled with growing dissatisfaction with his economic policies, left the Liberal Party vulnerable ahead of the next election.
After Trudeau — Bitcoin Champion Poilievre Rises to Power
With Trudeau stepping aside, Conservative leader Pierre Poilievre has emerged as a strong contender for the top job. Known for his unwavering support of cryptocurrency and decentralized finance, Poilievre has positioned himself as a voice for economic independence and personal freedom. In order to reflect the vision for a reformed Canada, he maintained the slogan:
Axe the Tax. Build the Homes. Fix the Budget. Stop the Crime.
Poilievre’s crypto-friendly stance comes at a time when digital currencies are gaining global traction. Countries like the United States, led by Donald Trump’s administration, are reportedly exploring a Strategic Bitcoin Reserve. Meanwhile, nations such as China, Russia, and Switzerland are bolstering their efforts in the crypto space. For Canada, Poilievre’s leadership could signal a transformative moment for its digital asset policies. Polymarket, a decentralized prediction platform, reflects the growing optimism surrounding his prospects. His odds of succeeding Trudeau surged to 92% immediately following the resignation, though they have since settled at a robust 89%.
Poilievre Slams Liberal Shuffle – Calls It a Trick
Poilievre has been vocal about his plans to bring “common sense” to Canadian politics. After Trudeau’s announcement, Poilievre took to X (formerly Twitter), accusing Liberals of attempting to mislead voters with a leadership shuffle.
“Every Liberal MP and Leadership contender supported EVERYTHING Trudeau did for 9 years, and now they want to trick voters by swapping in another Liberal face to keep ripping off Canadians for another 4 years, just like Justin,” said Poilievre.
His track record backs his words. Since entering Parliament in 2004, Poilievre has championed smaller governments and policies that favor economic independence. That approach has earned him a loyal following among Canadians who are disenchanted with Liberal policies.