This news article highlights the rise of Bitcoin following former Canadian Prime Minister Justin Trudeau's mockery of crypto investments. Trudeau criticized Conservative Party leader Pierre Poilievre's pro-Bitcoin stance, dismissing crypto as a volatile gamble. However, since Trudeau's remarks, Bitcoin has surged nearly 400%, proving its resilience. The article discusses how this rally has reignited debates about traditional leaders' understanding of the evolving economic landscape and emphasizes the values of decentralization and individual sovereignty that cryptocurrencies represent. Trudeau's legacy in the crypto space is marred by his anti-Bitcoin rhetoric and his government's controversial handling of the 2022 Freedom Convoy protests, which further validated the need for decentralized currencies like Bitcoin.
Analytics Company Researcher Says “I’m Not Buying Right Now” Despite Bitcoin’s Decline, Explains Why