Well, folks, Canada’s got itself a new prime minister, and he’s a real piece of work. Mark Carney, a former central banker and Bitcoin critic, has stepped into the big shoes left by Justin Trudeau. And let me tell you, this fella’s got plans—plans to fight back against Uncle Sam’s tariffs and plans to give Bitcoin a good ol’ fashioned tongue-lashing. 🎩
Carney won the vote on March 9 in a landslide, which is Canadian for “we’re tired of Trudeau’s selfies.” He’s been around the block, serving as governor of the Bank of Canada and then hopping across the pond to run the Bank of England. And just to make things official, he’s renouncing his UK and Irish citizenships. Because, you know, nothing says “I’m all in for Canada” like ditching your other passports. 🇨🇦
Now, let’s talk about Bitcoin. Carney’s been hating on it since at least 2018, calling its fixed-supply cap a “serious deficiency.” In his words, recreating a virtual gold standard would be “a criminal act of monetary amnesia.” Ouch. He also said Bitcoin’s a lousy short-term store of value, comparing it to a lottery. One day you’re up £2,000, the next you’re down £500. Sounds like my last trip to Vegas. 🎰
“If you had taken out a 1,000 pound student loan in Bitcoin last December to pay your sterling living costs for next year, you’d be short about 500 pounds right now. If you’d done the same last September, you’d be ahead by 2,000 pounds. That’s quite a lottery.”
But don’t think Carney’s all doom and gloom. He’s a big fan of central bank digital currencies, claiming they’ll expand banking access and help fight terrorism and economic crime. Because nothing says “financial inclusion” like Big Brother watching your every transaction. 🕵️♂️
Here’s the kicker: Carney was on the board of Stripe, a payments processor that rolled out crypto solutions from 2022 to 2024. So, he’s against Bitcoin but was cool with Stripe cashing in on it. Hypocrisy? Nah, just business as usual. 💼
And let’s not forget his beef with Trump. Carney’s already fired shots at the former U.S. president, accusing him of “attacking Canadian families” with tariffs. Canada’s retaliated, and Carney says the tariffs will stay until the U.S. shows some respect. Oh, and he made it clear Canada will never be the 51st state. Take that, Trump. 🇺🇸
So, there you have it. Canada’s new PM: Bitcoin hater, tariff fighter, and Trump tamer. Buckle up, folks. This is gonna be one wild ride. 🎢
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2025-03-10 06:04