Mark Carney, Bitcoin BTCUSD Critic and Former Central Banker, Becomes New Prime Minister of Canada

The Liberal Party of Canada has announced Canada's new prime minister is Mark Carney, a former central banker and Bitcoin critic with plans to fight back against the US' recently introduced tariffs.

The Liberal Party of Canada has announced that the country's new prime minister is Mark Carney, a former central banker and Bitcoin critic who has plans to fight back against the U.S.' recently-introduced tariffs.

Carney (CRYPTO: ADA) won a landslide vote on March 9 to choose the replacement for Justin Trudeau, who has held the position for over seven years.

The new prime minister, who previously served as governor of the Bank of Canada from 2008 to 2013, is also making efforts to start the process of renouncing his U.K. and Irish citizenships, according to local reports.

Carney has been a critic of Bitcoin (CRYPTO: BTC) since at least March 2, 2018, when he said the cryptocurrency’s fixed supply cap leads to “serious deficiencies.”

“The fixed supply of Bitcoin has part of a global speculative mania that has encouraged a proliferation of new cryptocurrencies,” said Carney during his speech on the future of money while serving as governor at England’s top bank.

Carney also said Bitcoin and cryptocurrencies have proven to be “poor short-term stores of value.”

In the same paper, Carney champions central bank digital currencies, stating that they could expand banking access to more individuals and businesses, and that it could help central banks “fight terrorism and economic crime.”

However, Carney was also a board member at payments processor firm Stripe (NYSE:PYTR) from February 2021 to January 2025. During that time, Stripe implemented a range of crypto payment solutions between 2022 and 2024.

Carney’s negative views on Bitcoin and crypto appear to be even stronger than Trudeau’s, who once described the opposition leader Pierre Poilievre’s pro-crypto platform as “reckless.”

”Telling people they can opt out of inflation by investing in cryptocurrencies is not responsible leadership,” Trudeau said in September 2022.

Carney plans to fight back at Trump over tariffs

In his victory speech on March 9, Carney spoke out against U.S. President Donald Trump for "attacking Canadian families" and attempting to weaken Canada's economy through tariffs.

"Donald Trump has put unjust tariffs on what we build, sell and how we make a living," Carney said.

The Canadian government has "rightfully retaliated" with tariffs, which Carney said will remain in place until "the Americans show us respect."

He added that Canada "will never be part of America in any way, shape, or form" - another comment in response to Trump's aspiration to make Canada the 51st U.S. state.