Canadian Political Party Leader Says He Supports Bitcoin Ahead of Elections

Maxime Bernier, leader of Canada’s fast-growing People’s Party, confirmed his support for cryptocurrency and Bitcoin just one week before a federal election.

Bitcoin is a Counter to Central Banking

After many people had asked Bernier whether he supported Bitcoin and other alternative coins, he revealed his opinions on Bitcoin in a tweet this week. He replied, “Ofcourse I do.”

“I hate the way central banks are ruining our economy and money. While I prefer the old-fashioned gold and silver, cryptos offer a new and innovative way of countering this. This should be encouraged.

Bernier has made similar comments condemning the current monetary system as well as the inflation of the money supply. Yesterday, he criticised Prime Minister Justin Trudeau’s use of the Bank of Canada Keynesian apparatchiks, printing money to finance his “gigantic debts”.

The Bitcoin network, however, has a 21 million coin supply limit, making it a popular choice for inflationary monetary policies.

Bernier’s tweet was liked 10k times and received glowing support from Bitcoin enthusiasts. However, some encouraged Bernier to go one step further. SwanBitcoin’s managing director Stephan Livera responded to Bernier by arguing that Bitcoin is better than gold and that Canada has the only chance.

Bernier’s People’s Party, which combines “populism with classical conservatism and libertarianism,” has an “unwavering commitment towards reducing the size government,” according to their website. They currently do not hold any seats in parliament but polls indicate that they could win up to 6.1% in a federal election, which is just a week away.

Maxime Bernier. Source: iPolitics

Bitcoin gets more political support

Although prices fluctuate wildly, there has been an undercurrent of political adoption of Bitcoin and curiosity around the world. El Salvador adopted cryptocurrency as legal currency earlier this month. A recent poll found that 48% of Brazilians support following their lead.

Additionally, Ukraine has just passed a decree to legalize all cryptocurrency. The government also plans to establish a regulatory body to issue permits to companies that deal with digital assets.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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