Canada May Embrace Bitcoin Under Poilievre

The Most Important Points at a Glance
Canada’s political landscape could undergo significant changes, particularly regarding cryptocurrencies. Pierre Poilievre, a prominent Bitcoin advocate, could introduce a national Bitcoin reserve if he becomes the new Prime Minister. Institutional investments in digital assets are increasing, and with regulatory clarity, Canada could take a leading role in the global crypto market.
Canada’s Crypto Policy in Transition
With the resignation of Prime Minister Justin Trudeau, an era of skepticism toward digital assets comes to an end. During the “Freedom Convoy” in 2022, crypto wallets were targeted by the government. Now, Canada faces a potential realignment. The upcoming elections could bring Pierre Poilievre, a pro-crypto leader, to power.
Institutional Acceptance is Growing
In 2025, Canada is witnessing increasing institutional acceptance of cryptocurrencies. BlackRock’s Bitcoin ETF on Cboe Canada is boosting market confidence. Major pension funds are also exploring digital assets as an alternative investment class. These developments indicate broader acceptance and long-term trust in cryptocurrencies.
Could Canada Introduce a Bitcoin Reserve?
Poilievre views Bitcoin as a hedge against inflation and opposes central banking policies. This stance could pave the way for a national Bitcoin reserve. With Canada’s extensive hydroelectric resources, a cost-effective Bitcoin mining infrastructure would be feasible. Texas has already taken steps in this direction—Canada could follow and establish itself as a leading crypto nation.
Political Uncertainties Remain
Although Poilievre once had a 92% chance of winning on Polymarket, his odds have dropped to 48%. Mark Carney, another candidate, now leads with 53%. Nevertheless, Poilievre’s pro-crypto stance remains a key factor for investors and policymakers. The election outcome will determine whether Canada takes a leading role in the global crypto market.
Our Assessment
Canada stands at a turning point. If Poilievre wins, the country could become one of the most crypto-friendly nations in the world. Institutional investments and regulatory clarity support a positive outlook. However, it remains to be seen whether political uncertainties will slow down this progress.
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