Election Hopeful Wants Canada to Recognise Bitcoin as Currency
A candidate running in Canada's upcoming federal election says he wants to give bitcoin an equal footing with the dollar.

A parliamentary hopeful running in Canada's upcoming federal election says he wants to give bitcoin an equal footing with the dollar.
Alex Millar, a former maths teacher and software engineer, claims to be an independent candidate running for Vancouver East. In a post on Straight.com yesterday, the bitcoin enthusiast said he decided to run to highlight an issue the major parties were ignoring: money creation.
"Canadians enjoy freedom of speech and freedom of religion, I’m running for for parliament because I believe we need freedom of money," he said.
The candidate, who does not currently appear in the official election almanachttp://www.electionalmanac.com/ea/canada-ridings-candidates-british-columbia/, thinks digital currency could be a viable alternative to Canada's current monetary system, which he claimed was "eroding equality" in its opacity.
The election – which covers Canada's 338 electoral districts – will take place on 19th October. Vancouver East, where Millar is running, has been a New Democratic stronghold since 1997.
Both Millar and the Election Almanac have been contacted for further clarification on his status as a candidate.
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Bitcoin could fall to $10,000 as U.S. recession risk builds, Mike McGlone says

McGlone links bitcoin’s downturn to record U.S. market cap-to-GDP levels, low equity volatility and rising gold prices, warning of potential contagion into stocks.
What to know:
- Bloomberg Intelligence strategist Mike McGlone warns that collapsing crypto prices and a potential bitcoin slide toward $10,000 could signal mounting financial stress and foreshadow a U.S. recession.
- McGlone argues the post-2008 "buy the dip" era may be ending as crypto weakens, stock market valuations sit near century highs relative to GDP, and equity volatility remains unusually low.
- Market analyst Jason Fernandes counters that a drop to $10,000 bitcoin would likely require a severe systemic shock and recession, calling such an outcome a low-probability tail risk compared with a milder reset or consolidation.










