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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.

Автор Grace Caffyn
Оновлено 10 груд. 2022 р., 8:28 пп Опубліковано 3 вер. 2015 р., 11:33 дп Перекладено AI
Alex Millar

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.

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"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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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.
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  • 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.