The crypto industry in Canada is entering a bullish stage. Despite a change in leadership, Canada will follow a pro-crypto policy that Bitcoin holders welcome.

On January 6, Canada’s Prime Minister Justin Trudeau announced his resignation. He explained his decision by the intense pressure his party faced due to the likelihood of losing the upcoming elections.

Trudeau’s resignation, confirmed on January 6, followed polls indicating that his Liberal Party was headed for defeat. Most voters expressed discontent with high living costs and the ongoing housing crisis.

Trudeau’s tenure was marked by strained relations with US President-elect Donald Trump. The tension between the two leaders dates back to 2016 when Trump threatened to impose higher tariffs on Canadian imports. Trudeau’s attempts to settle the situation were largely unsuccessful.

Bitcoin and cryptocurrency fans have also been critical of Trudeau’s administration, particularly for its handling of the Freedom Convoy protests in 2022. Under Trudeau’s leadership, the government invoked the Emergencies Act, allowing it to freeze truckers’ bank accounts and suspend their vehicle insurance. These measures were aimed at quelling protests that the government deemed illegal.

Public discontent with Trudeau’s leadership reached its climax during a December meeting with 50 party representatives from Ontario, where many voters called for his stepping down.

In light of Trudeau’s announcement, Canadians and Bitcoin supporters are looking forward to the potential leadership of Conservative Party leader Pierre Poilievre. The policymaker has previously expressed his support for Bitcoin and blockchain technology. Experts believe that Pierre Poilievre is a strong contender to win the upcoming election.

His rise to power could bring a more favorable approach to digital currencies in Canada. Some experts believe the country might even become more crypto-friendly under his leadership.