Will Canada elect a pro-Bitcoin Prime Minister?

JUSTIN Trudeau’s resignation as Prime Minister this week has opened the door to a new era in Canadian politics.

After nearly a decade in power, the Liberal leader’s departure marks the end of an administration defined by progressive policies, but, say many, increasing economic mismanagement.

As the October 20 2025 federal election looms, Canadians are not only debating affordability, inflation, and governance, but also the role of innovation in shaping the country’s future.

For the first time, Bitcoin is set to become a central theme in a Canadian election.

Conservative Party leader Pierre Poilievre, a vocal advocate for the cryptocurrency, is challenging Canada to rethink its approach to money and governance. His vision aligns with a growing global trend of leaders embracing decentralisation as a solution to economic instability.

This election, while not solely about Bitcoin, could define Canada’s financial future.

There can be no doubt that Trudeau’s tenure has been marked by significant social achievements, yet his economic record leaves much to be desired.

Rising inflation, a worsening affordability crisis, and a mounting national debt have overshadowed his leadership in recent years. His government’s resistance to decentralisation and digital finance mirrored a broader scepticism of innovation, with Trudeau famously – and furiously - criticising Poilievre’s Bitcoin advocacy in 2023.

His departure comes at a time when Canadians are looking for solutions to secure their financial futures - and Poilievre’s pro-Bitcoin stance perhaps offers one such path.

Why Bitcoin matters

Bitcoin represents more than a currency - it’s a philosophy of financial sovereignty. At a time when central banks are expanding money supplies to fund deficit spending, leading to a potential resurgence in inflation, Bitcoin provides an alternative: a decentralised system that removes power from governments and banks and returns it to individuals.

Poilievre has made this case repeatedly. His argument is simple yet powerful: Canadians deserve the choice to “opt out” of inflation by holding assets like Bitcoin.

While critics point to the cryptocurrency’s volatility, Poilievre counters with its potential as a long-term store of value and hedge against economic uncertainty.

Globally, Bitcoin is gaining traction. In the United States, the world’s largest economy, Donald Trump’s incoming pro-Bitcoin administration is poised to usher in a wave of innovation, incentives, regulatory clarity, and investment in decentralized finance which will all boost the burgeoning crypto market.

El Salvador has adopted Bitcoin as legal tender, and countries like Japan and Singapore are integrating it into their financial systems.

Canada, under Poilievre’s leadership, could join this growing movement, positioning itself as a leader in the digital economy.

The G7 country’s embrace of Bitcoin wouldn’t just be about adopting a new currency, it would signify a broader shift toward financial innovation. By creating a pro-Bitcoin environment, Poilievre could attract global investment, encourage fintech development, and create jobs in emerging industries.

On an individual level, Bitcoin could offer Canadians a way to protect their savings from inflation, reduce their reliance on traditional banks, and gain greater control over their finances. These are tangible benefits in an era where economic instability and trust is a growing concern.

But the implications go beyond economics. Bitcoin’s underlying philosophy of decentralisation challenges the concentration of power in governments and financial institutions.

The October election is about more than choosing a new prime minister. It’s about defining Canada’s role in a rapidly changing world.

Trudeau’s resignation has created a vacuum, and the next leader will face immense pressure to address the country’s economic challenges while preparing for the future.

Bitcoin may not be the only issue on the ballot, but it represents a litmus test for how Canadians view innovation, sovereignty, and the role of government in their lives.

Canada stands at a crossroads. Will it double down on traditional policies, or will it seize this moment to lead in digital finance? The choice is theirs to make - and the world is watching.

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Nigel Green, deVere Group CEO and founder