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Canada’s New PM Mark Carney Skeptical of Bitcoin’s Future
Mark Carney, the newly appointed Prime Minister of Canada, has expressed his skepticism towards the future of Bitcoin. This shift in leadership has sparked concerns about the potential implications it may have on the country’s stance towards digital assets.
Carney’s views are well-documented, as he has consistently highlighted the fixed supply rule of Bitcoin as a major flaw. He believes that this rigidity makes it unable to adapt to economic changes.
The National Bank of Canada has recently divested its Bitcoin-related assets, reflecting the growing caution about cryptocurrency volatility amidst political and financial uncertainty.
As Carney takes over as PM, his stance may signal stricter policies towards digital assets in the country. However, it is unclear whether he will advocate for a middle ground that allows the digital financial sector to grow while ensuring economic stability.
The article highlights an instance where the National Bank of Canada has divested its Bitcoin-related assets.
