BREAKING: Canada is About To Release The Cryptocurrency Bulls!
Altcoin Daily
Introduction to Canada's Crypto Future
Canadian Prime Minister Justin Trudeau announced his resignation, potentially paving the way for pro-Bitcoin Pierre Poilievre to become the next Prime Minister. Polymarket predicts an 87% chance of Poilievre's success.
Pierre Poilievre's Stance on Bitcoin
Poilievre explained why Bitcoin is a higher quality money, citing the issues with fiat currency and the benefits of a decentralized system. He discussed how Nixon's decision to take the US off the gold standard led to inflation and economic divides.
Poilievre's Plan for Canada
Poilievre wants to put Canada back on a hard money standard, potentially using Bitcoin. His policies include:
- Freedom to choose alternative money
- Rejecting a China-style ban on Bitcoin
- Streamlining regulations for blockchain companies
- Simplifying tax rules for cryptocurrency
Crypto Updates
- The US has not stopped accumulating Bitcoin, with huge trading volumes for US Bitcoin ETFs
- BlackRock's Bitcoin ETF is number four out of all ETFs in the world
- Ethereum and other blockchain applications are gaining traction, including decentralized finance, smart contracts, and non-fungible tokens
Other News
- David Schwartz, CTO of Ripple, will speak at the Ando summit, potentially leading to a collaboration between Ripple and Ando
- Human, a blockchain-based AI worker, will be deployed by the Indian state government for citizen outreach and complex workflows
- ExBorg has secured a spot listing on Hyperliquid, a centralized and decentralized exchange, potentially leading to a boost in XBG's holder count, trading volume, and liquidity.