Mark Carney, former head of the Bank of England and the Bank of Canada, is poised to become the new Prime Minister of Canada. He has been a staunch critic of Bitcoin and other decentralized digital currencies for years. Carney believes that Bitcoin’s fixed supply has led to a global speculative frenzy and the emergence of new digital currencies. He also compares Bitcoin to criminal money laundering and considers the pursuit of a digital gold standard a historical mistake. Carney supports Central Bank Digital Currencies (CBDCs) and believes they can enhance access to banking services and help central banks combat economic crimes. With his anti-Bitcoin stance, Carney may introduce stricter regulations for the cryptocurrency market in Canada, given the country’s $1.9 trillion economic value. Canada may soon develop an official digital dollar, potentially reducing the role of Bitcoin and altcoins in the country’s economy.
