Bitcoin Supporter and CBDC Advocate Tied in Canadian PM Race
The race for Canada's next prime minister has become an even contest between Conservative Party leader Pierre Poilievre and Liberal Party leader Mark Carney. According to Polymarket betting pools, both candidates now stand at exactly 50-50 odds, with nearly $12 million wagered on the outcome.
At the beginning of 2025, Poilievre held a commanding lead with an 88% chance of victory compared to Carney's mere 12%. This dramatic shift shows how competitive the contest has become in recent months.
The two candidates represent contrasting views on digital currency. Poilievre has established himself as a strong Bitcoin supporter, investing in Bitcoin exchange-traded funds and portraying the cryptocurrency as protection against inflation. He often criticizes government money creation as an "immoral tax."
Carney brings a different perspective, shaped by his experience as governor of both the Bank of Canada and Bank of England. He has expressed doubt about Bitcoin as a reliable store of value and instead supports the development of central bank digital currencies (CBDCs).
Poilievre's pro-Bitcoin position resembles that of US President Donald Trump, who shifted from cryptocurrency skepticism to enthusiastic support during his successful re-election campaign. Meanwhile, Carney has been quiet about crypto lately, though his past comments suggest limited willingness to work with the industry.
The election is taking place amid challenging economic conditions and increased tensions with the United States. The situation has grown more complex due to:
- Trump's threats of new tariffs
- His controversial comment about Canada becoming "the 51st state"
- Justin Trudeau's recent resignation
Carney's time as prime minister could be brief if Poilievre regains popularity before the general election, which is expected within the coming months.
