TRUDEAU STEPPING DOWN! CANADA JUST FLIPPED PRO BITCOIN!
My Financial Friend
Introduction to Canada's Potential Bitcoin Adoption
Canada is expected to follow the US in adopting Bitcoin, with Justin Trudeau stepping down as Prime Minister and a potential successor, Pierre Poilievre, who is a strong advocate for Bitcoin and financial freedom.
Pierre Poilievre's Stance on Bitcoin
Pierre Poilievre has been made fun of by Justin Trudeau for suggesting that people should invest in Bitcoin to opt out of inflation. However, Bitcoin has risen over 135% since then, making Poilievre's suggestion seem smart. Poilievre has also talked about Bitcoin in podcasts and has used it for transactions, showcasing his understanding and support for the cryptocurrency.
Implications for Bitcoin
If Poilievre becomes the Prime Minister, it could lead to more pro-crypto laws and legislation in Canada, potentially even the country buying or hedging its currency with Bitcoin. This could have a significant impact on the cryptocurrency market, especially given Canada's position as the 9th largest economy in the world.
Current Market Trends
The Bitcoin balance on exchanges is hitting new all-time lows, with a supply shock expected. The DXY (US Dollar Index) is also falling, which is typically good for crypto and risk-on assets. Current prices are:
- Bitcoin: $101,600
- Salana: $218
- Sui: $525
Trading Opportunities
There are opportunities to trade crypto, with a link to CoinW provided for those interested. The platform offers bonuses and giveaways for new users, including up to $30,000 in bonuses and a 10% deposit bonus.