Elon Musk, CEO of Tesla and SpaceX, endorses Pierre Poilievre, a pro-Bitcoin Canadian political leader. Following the resignation of Prime Minister Justin Trudeau, Poilievre is favored as his successor in the upcoming 2025 federal election. Musk supports Poilievre due to his advocacy for Bitcoin and blockchain innovation.
Poilievre has been outspoken about his support for Bitcoin and cryptocurrency. He frequently appears on digital podcasts to promote blockchain as the future of finance. His proposals include making Canada the ‘blockchain capital of the world’ and eliminating taxes on crypto donations, appealing to Canadian cryptocurrency enthusiasts.
Beyond national politics, local support for cryptocurrency is evident, with Vancouver city council proposing to accept Bitcoin for municipal services. Mayor Ken Sim supports this initiative, reflecting growing local uptake of cryptocurrencies. The city also considers holding Bitcoin in reserve as part of its diversified investment strategy.
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