As a Bitcoiner seeks the office of Prime Minister and the Freedom Convoy raises $400,000 in Bitcoin, cryptos are rising

Bitcoiner-turned-candidate Pierre Marcel Poilievre has announced his candidacy for Prime Minister of Canada, securing the support of 14 Conservative Party MPs in the process.

After the announcement of the candidacy and the growing significance of bitcoin in the Freedom Convoy’s finance, the price of bitcoin jumped to almost $43,000.

A total of $400,000 worth of bitcoin has been raised as of 2 PM London time, exceeding their initial goal of 5 bitcoin in just a few short hours.

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In order to raise money, the Youtuber who runs the BTC Sessions says:

“Yeah I’m running the tallycoin page and then sending sats to a Multisig with Greg Foss and Jeff Booth.”

Despite GoFundMe’s interference with the freedom to protest, bitcoin can’t be frozen because so close to half a million has already been raised through it.

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4,000 people, including Kraken’s founder Jesse Powell, have chipped in to help raise close to $9 bitcoin.

“Fix the money, fix the world. Thank you for leading by example. Mandates are immoral. End the madness. Honk Honk!”

Nearly two years after they were put in place, the protest calling for an end to all health-related emergency measures has seen the bitcoin flag fly.

There has been no capitulation from Canada’s Prime Minister Justin Trudeau, who has remained defiant in the face of public outrage.

“Governments have gotten big and bossy,” Pierre Poilievre says, “they think you’re their servant, when it’s the other way around.”

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Although the 42-year-old Poilievre has appeared to climb out of nowhere, he’s actually been an MP since he was 25 years old.

It all started when he was 16 years old, when he worked as a full-time assistant to former Canadian Alliance and Opposition leader Stockwell Day.

Because he was adopted and raised by teachers, he is an excellent representative of the middle class, and it is easy to see why he favours bitcoin as a medium of exchange.

Even if the poor can join in as well, they usually lack the financial resources to do so. Similarly, while banks can offer exclusive services to the wealthy, bitcoin and other forms of crypto now more widely provide these services to the middle class as well, it is not for the poor.

One that has been ravaged, with its proportion of wealth constantly decreasing over the past 30 years.

To put it another way, a middle-class uprising is possible. It would take place peacefully and could involve politicians like Poilievre or Florida governor Ron DeSantis, the son of immigrants and a possible US presidential candidate.

The platform of Poilievre is straightforward: free us from the yoke of the state. Reducing taxes and regulations as well as eliminating the pile of debt will lead to peace and prosperity.

“The only way to successfully negotiate with Putin is with an iron fist in a velvet glove,” says an institution Poilievre appears to like very much, the Macdonald-Laurier Institute.

While Poilievre has stated that he owns some Bitcoin through an ETF sold in Canada, he has not stated if he plans to run for Prime Minister of Canada in the future.

His primary concern appears to be monetary gain, which is typical of the millennial age, which places a high value on financial security.

Trudeau, on the other hand, was elected Prime Minister of Canada in the autumn, but he is in a minority administration because he lost the popular vote to the conservatives.

In light of the fact that this trucker convoy is posing a serious threat to his authority and ability to lead the country as a minority administration, holding elections to let the people decide whether such a mandate should exist or not may be one solution to this dilemma.

Because of Canada’s recent approval of ETFs while the United States has yet to do so, we don’t really care what happens with bitcoin under the Trudeau administration. Even Poilievre accepts this, noting that the United States is still waiting.

There is, however, a new ideology on the rise, and it is an old one: traditional liberalism is now in action, with evidence suggesting, based on our observations, that difficulties begin whenever government expenditure exceeds 20% of GDP.

Debt is a major issue, made much worse by the fact that interest rates are rising, putting some countries in serious financial jeopardy.

Because the rich have loopholes and the poor can’t afford it, taxing your way out of it isn’t going to work, especially because the middle class now has three mortgages in college loans, the house mortgage, and now the public debt mortgage.

In order to get out of this, we need growth, and the only way to bring this growth is capitalism for everyone rather than capitalism for the wealthy and state-enforced communism for the others through investment prohibitions, as we currently have.

So, after defeating the Nazis, we must make a sharp turn to fight the communists and hoist the yellow flag of liberalism once more.

As a result, Desantis should run for president, and if he doesn’t, there will be questions about whether he can be trusted with the job six years down the road when it comes time for him to run again.

Poilievre is clearly running, but when will he actually get there, given the lack of clarity on the timing of the election?

Although we may think the civil service is doing excellent work, we need more Osborne in this space and less Theresa May, who from here still appears to be running the Fintech bit as the new administration presumably hasn’t quite made it around to putting their own men. While in the UK, Boris Johnson needs to better articulate and narrate his global Britain vision.

Of course, a unified anglo-saxony in vision can be a marvel, and it may be occurring, with freedom definitely needing to extend here both economically and otherwise, since the old way plainly is not working, and the new way has to be more capitalism, which necessitates freedom.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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