Canadas new Prime Minister Mark Carney has criticized Bitcoin, calling it deeply flawed

CoinRank News: The Liberal Party of Canada announced that Mark Carney, a former governor of the Bank of Canada and a Bitcoin critic, has been elected as the new prime minister, replacing Justin Trudeau. On March 2, 2018, he said that Bitcoins fixed supply led to serious flaws and warned that recreating a virtual global gold standard would be a crime of monetary amnesia. Carney also pointed out that Bitcoin and cryptocurrencies have proven to be poor short-term stores of value, citing Bitcoins volatility as an example, pointing out that if you borrow Bitcoin to pay for living expenses, you may suffer a big loss. In the same paper, he mentioned that he supports central bank digital currencies, believing that they can expand banking services and help fight terrorism and economic crime. Despite this, Carney served on the board of directors of payment company Stripe from 2021 to 2025, and the company implemented a series of crypto payment solutions between 2022 and 2024. On international affairs, Carney plans to fight back against the tariff policy of the Trump administration of the United States and said that Canada will never be part of the United States in any way. (Cointeklegraph)