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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