An official with an Edmonton-based bitcoin company slammed Prime Minister Justin Trudeau over his comments that digital currency isn't a hedge against inflation.."The Trudeau government printed an unprecedented amount of money to fund unprecedented deficit spending. This printing devalued the Canadian dollar and destroyed the savings of Canadians holding dollars. Your savings were their 'preloaded stimulus," said Dave Bradley, chief revenue officer for Bitcoin Well.."Bitcoin is the long term hedge against this inflationary money printing. It's no wonder Trudeau doesn't like it when people opt-out of his inflation tax."."Bitcoin is very volatile compared to dollars in the short term, so we recommend people use it as a long-term savings tool rather than a short-term investment.".On Monday, Trudeau criticized Tory leader Pierre Poilievre's championing of bitcoin during the campaign for the leadership.."Telling people they can opt out of inflation by investing in cryptocurrencies is not responsible leadership," Trudeau tweeted, calling the opposition's economic ideas reckless and questionable.DISCLAIMER: Bitcoin Well advertises with the Western Standard
An official with an Edmonton-based bitcoin company slammed Prime Minister Justin Trudeau over his comments that digital currency isn't a hedge against inflation.."The Trudeau government printed an unprecedented amount of money to fund unprecedented deficit spending. This printing devalued the Canadian dollar and destroyed the savings of Canadians holding dollars. Your savings were their 'preloaded stimulus," said Dave Bradley, chief revenue officer for Bitcoin Well.."Bitcoin is the long term hedge against this inflationary money printing. It's no wonder Trudeau doesn't like it when people opt-out of his inflation tax."."Bitcoin is very volatile compared to dollars in the short term, so we recommend people use it as a long-term savings tool rather than a short-term investment.".On Monday, Trudeau criticized Tory leader Pierre Poilievre's championing of bitcoin during the campaign for the leadership.."Telling people they can opt out of inflation by investing in cryptocurrencies is not responsible leadership," Trudeau tweeted, calling the opposition's economic ideas reckless and questionable.DISCLAIMER: Bitcoin Well advertises with the Western Standard
