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Canada Can Elect The Next Bitcoin World Leader

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Canada’s Prime Minister Justin Trudeau has announced he is officially resigning from his position in office and as the Leader of the Liberal Party of Canada — effective when the party chooses his successor.

Trudeau has faced massive criticism over the last few years due to his inability to solve the housing shortages, inflation, and other economic struggles the country is facing. He has also stated that he is fighting internal battles, and therefore cannot be the best option for the country in the upcoming 2025 Canadian federal election.

Trudeau, known for his anti-Bitcoin stance alongside his other poor economic policies, said in early 2023 that his political opponent and Leader of the Conservative Party of Canada, Pierre Poilievre, was not fit for leadership because he correctly told Canadians citizens to opt out of inflation by holding bitcoin. Trudeau cherry picked data from when Poilievre said that and used it as an attempt to make holding bitcoin seem like a bad decision, stating that Canadians would have lost half of their life savings if they had bought bitcoin.

If Trudeau had been intellectually honest and able to see the bigger picture, he would have also encouraged his citizens to accumulate bitcoin as well, because bitcoin’s price has increased about 375% since Trudeau tried to make a mockery of saving in bitcoin.

Canada has their federal election coming up later this year, and they have the potential to elect the next Bitcoin world leader — Pierre Poilievre. Poilievre is a staunch Bitcoin advocate and has done the work to understand what money is. Here below is a great 10 minute speech by Poilievre on money, really showcasing his deep understanding of it. And here is another speech in which Poilievre says the “bottom line is we’re growing the money supply which causes inflation. We’re printing money to fund irresponsible government spending.”

Similar to how Trump visited PubKey in New York City to purchase burgers and drinks using the Bitcoin Lightning Network, Poilievre has also visited a local Bitcoin business to purchase food with Bitcoin. In 2023, he visited a Canadian restaurant accepting bitcoin as payment and paid in BTC for food, further showcasing his openness to embracing the asset and promoting the use of it as a medium of exchange and not just a store of value.

Bitcoiners in Canada have a chance to vote for a Prime Minister who would have sound economic policies and promote the usage of Bitcoin. If this happens, they would join the ranks of the United States, El Salvador and other countries who have leaders embracing Bitcoin and the benefits of that. Canada’s election is slated to take place on or before October 20, 2025.

I personally think that Poilievre is the best choice for Canada this election, not only because of his pro-Bitcoin stance, but because of his economic policies, freedom-oriented mindset, and rational thinking. I hope to see Canada embrace Bitcoin, and solve their economic problems caused by Trudeau and the Liberal Party of Canada’s poor mismanagement of the economy by choosing new Conservative leadership and encouraging further use of Bitcoin in the country.

So Canadians, go out and vote for Poilievre this election. This is your shot to make history and embrace the future of finance with Bitcoin.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.





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Meet Jason Marquez: The Truck Driver Who made $750,000 on MicroStrategy

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7 hours ago

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January 8, 2025

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This week, I stumbled across one of the coolest posts I’ve seen in a while – Jason Marquez, who says he is “just a Truck Driver that loves listening to Michael Saylor on YouTube,” revealed he has profited massively from listening to the advice of the MicroStrategy Executive Chairman.

According to Marquez, he invested big in Saylor’s bold Bitcoin bet, and now holds $866,000 worth of $MSTR stock, at an average cost of $46 per share — a profit of over $750,000.

After watching the collapse of Sam Bankman-Fried and FTX in 2022, Marquez says he got scared out of the market and “went all in on Saylor” because he considered that to be the safest bet. This wasn’t Marquez’s first time seeing money in crypto evaporate, and has said that he got burned on a hack in 2018. After that, he did not feel safe holding any crypto, including bitcoin.

This is the reality for many people in trying to navigate this Wild West industry. Losing money in hacks and exchange collapses is not fun, and it can easily turn people off from wanting to buy and hold bitcoin on their own. I can totally see why Marquez would have rather invested in a stock that is heavily accumulating bitcoin after witnessing these hacks.

Luckily, after getting more comfortable in this space, Marquez says he feels he has enough MSTR and his next move is to DCA into bitcoin. I applaud him because this is the smart move to make because actually owning the keys to your bitcoin in cold storage is the best thing to own in the end, as all fiat trends to $0 against bitcoin over time.

Regardless, at this point in time, Marquez is a soon to be millionaire off of this one stock trade alone, and is well set financially because of it. He put in the work to learn about Bitcoin and the potential of MicroStrategy’s BTC accumulation plan, executed a plan of action, took his own hard earned money to invest in the stock, and profited big.

This is a legendary bear market story to be told in years to come. It reminds of the story of when American HODL sold his car to buy more bitcoin, riding a moped until bitcoin went higher.

As for me, I refused to get my car fixed. I would jimmy rig it on and off with a screw driver, just so I could stack cheap bitcoin and fix the vehicle later at a higher bitcoin price. Marquez’s story is yet another awesome example of an everyday person taking advantage of the opportunities in Bitcoin and translating that into a massive life upgrade. His trade earned him more money in one day than he makes in a year truck driving. Think about that.

Hats off to you sir, well done. And good luck to you now accumulating bitcoin!

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.





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Bitcoin Layer 2 Foundations Should Buy Bitcoin For Their Treasuries

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11 hours ago

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January 7, 2025

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I’ve been thinking about this a lot lately: Bitcoin Layer 2 foundations need to start holding bitcoin in their treasuries. It makes too much sense for them not to.

And apparently I’m not the only one.

As someone who’s watched this space evolve, let me explain why Bitcoin Layer 2 foundations should listen to Molly and I.

For years, bitcoin was known as “digital rock”—a solid store of value but not much else. But now with the explosion of Bitcoin Layer 2s, bitcoin is becoming a “programmable rock.” These layers are adding functionalities like smart contracts and scaling solutions, making bitcoin more versatile than ever.

But here’s the thing: these projects raise millions of dollars from VCs and investors, and most of that money ends up sitting in fiat currencies like USD. That’s a huge mistake.

Why? Because fiat is a melting ice cube. Every year, it loses 5-10% of its value due to inflation. The longer you hold it, the less it’s worth. On the other hand, bitcoin has a Compound Annual Growth Rate (CAGR) of around 70%. If these foundations held their treasury in bitcoin instead of fiat, their runway wouldn’t just stay the same—it would grow.

Imagine having 70% more resources each year to fund developers, grants, and projects. That’s the kind of edge that could make or break a Layer 2 ecosystem.

Okay, okay, I get it — Bitcoin is volatile, and these foundations need some stability. Because of this, keeping 3 to 4 years of runway in fiat makes sense. It would help to cover short-term needs. But the rest? It should be in bitcoin. Over the long run, this strategy could double or even triple the runway of these foundations, giving them the time and resources they need to succeed.

There’s a precedent for this too. Remember EOS? They raised $4.2 billion in 2018 and reportedly bought 164,000 bitcoin with it. Today, that bitcoin is worth around $16 billion—even though EOS itself fell off the map. Now, imagine if Bitcoin Layer 2 foundations did the same but actually used their bitcoin to grow and sustain their ecosystem. The potential is massive.

At the end of the day, these foundations are building on Bitcoin. They believe in its future, so why not hold it in their treasuries? Bitcoin is the best store of value out there. If you’re running a Bitcoin Layer 2 foundation, stop holding depreciating fiat, and start holding bitcoin. It’s not just a smart move—it’s the move.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.



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Bitwise CIO Reacts As Czech Republic Mulls Bitcoin Reserve

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13 hours ago

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January 7, 2025

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Matt Hougan, the Chief Investment Officer (CIO) of American asset management firm Bitwise, has reacted to the news of the Czech Republic’s strategic Bitcoin reserve plans. Having predicted earlier that nation states adoption of Bitcoin will soar this year, Hougan noted that “the dominos start to fall.”

Czech Republic Bitcoin Plans

In a CNN Prima News interview, Aleš Michl, the Governor of the Czech National Bank, revealed they are weighing how to diversify the country’s reserves with Bitcoin. However, he added that there are no active strategies in place to make this move yet.

While Michl said he favors the onboarding of Bitcoin as an asset diversifier for the Czech Republic, he said this decision is not solely his to make. He said there are seven members on the board whose say might also sway the ongoing discussion. Despite the lack of concrete plans, the Governor acknowledged that;

“Bitcoin is an interesting option for diversification against other assets.”

On his part, the Czech Republic National Bank executive said he plans to add just a few Bitcoin units with no plans to make a significant investment. This plan to make Bitcoin a strategic reserve asset aligns with the growing conversations in different nations. While Japan rejected the BTC reserve idea, different states in Switzerland continued to explore the plans.

MicroStrategy bought 258,320 BTC in 2024, and with this, the focus on the top coin has grown over the past few months. While corporate firms are looking to borrow the MicroStrategy playbook, Matt Hougan predicted that governments will firm one of the three insatiable demand sources for Bitcoin this year.

The Wait on Donald Trump Administration 

The Czech Republic is considering adopting Bitcoin as a strategic asset, marking a major advancement in the idea that started with Donald Trump. During his Presidential election campaign, Trump promised to establish a strategic Bitcoin reserve in the United States. The crypto community is now very expectant following his victory.

On his part, the President-elect is convening a crypto advisory council that will help look into the BTC strategy. Many industry leaders are in support of the plan, highlighting how it can help the country solve its growing debt challenge.

However, the economic viability and longer-term impact on the US Dollar remain a concern that might derail the plans overall. In light of this, Peter Schiff proposed USACoin as an alternative to the BTC reserve plans, as reported earlier by Coingape.

Bitcoin As Biggest Beneficiary

Amid the growing conversations around the adoption of Bitcoin, the coin has a major prospect of continuing to grow. Notably, the top five Bitcoin price predictions for 2025 peg the coin at a range of $200,000 to $500,000, hingeing on its status as a reserve in most nations’ portfolios.

Currently, the coin is down by 4.45% in 24 hours to $97,173.39. The coin dropped from a high of $102,712.48 as investors cooled off from the latest rally.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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