Pierre Poitier: Support for cryptocurrencies and DeFi as part of his platform for the post of Prime Minister of Canada
Date: 2025-01-07 Author: Oliver Abernathy Categories: IN WORLD
He is also one of the leading contenders for the post of Prime Minister, which is especially relevant after the possible resignation of the current head of the government, Justin Trudeau.
Poitier became known for his views on cryptocurrencies back in February 2022, when he took part in the podcast of Robert Breedlove, a well-known Bitcoin supporter. During the conversation, he detailed his thoughts on the impact of digital currencies on the economy and emphasized their importance for the future of financial systems.
According to Poitier, he and his wife are regular viewers of Breedlove's channel, which they often watch until late at night. In the interview, the politician noted that this content has significantly expanded their knowledge of Bitcoin and other aspects of financial technology. Also in 2022, Poitier confirmed his financial support for cryptocurrencies by investing in the Purpose Bitcoin ETF, although the exact amount of the investment remains unknown.
In his election platform, Poitier focuses on creating conditions for the active development of blockchain companies in Canada, as well as the introduction of taxation of cryptocurrencies as goods. He stated that crypto assets should be considered in the context of an innovative economy, and promised to promote legislation that promotes the growth of this area.
One of the most important aspects of his political position is the rejection of the introduction of a Central Bank Digital Currency (CBDC). Poitier actively supports Bill C-400, which regulates the possible introduction of a CBDC in Canada. He believes that Canadians should have the right to use Bitcoin and other digital assets without the intervention of state institutions.
In one of his speeches, Poitier stated that the weakening of the Canadian dollar makes it necessary to use alternative means of payment, such as Bitcoin. He emphasizes that citizens of the country should be able to freely manage their finances, which includes the use of cryptocurrencies, tokens, and smart contracts. In his opinion, Canadians need more financial independence from politicians and banks.
Predictions about the likelihood of his victory in future elections vary. According to the Polymarket platform, his chance of winning is estimated at 89%, while other resources, such as Kalshi, offer less optimistic estimates.
Poitier's policy is noticeably different from that of Justin Trudeau, who has shown a more reserved attitude towards cryptocurrencies in the past and even imposed restrictions on the use of some wallets during protests. Poitier, who was elected to Parliament in 2004, has always advocated the ideas of reducing government intervention and increasing economic freedom for citizens.
