Elon Musk praised Canada BitcoinFriendly opposition leader Pierre Poilievre early Tuesday, days after the tech giant attacked European politicians.

The CEO of Tesla and SpaceX writes on the social media platform X (formerly Twitter). He posted a video that went viral From Poilievre explains how the best way to combat inflation is to cut government spending – one of Musk's pet projects.

Conservative Leader Pierre Poilievre is running for prime minister after Justin Trudeau announced his plans to resign on Monday. Canadian voters are particularly concerned about the cost of living in the North American country, according to polls I showed.

“Perfectly stated,” Musk wrote on his platform.

Poilievre has been a Bitcoin supporter for years, appearing on cryptocurrency podcasts and Expression His desire for Canada to become the “Blockchain Capital of the World.”

Back in 2022, the conservative politician He said That “Canadians should be free to use other money, like Bitcoin,” because the government was “destroying” the Canadian dollar.

Trudeau at the time criticized the comment as "reckless." Canada's current prime minister said Monday he will resign once a successor is chosen.

Cryptocurrency bettors see Poilievre as the front-runner to be appointed Prime Minister of Canada after the upcoming election. In the Polymarket prediction market, it is Given an 89% chance To win the role, far ahead of runner-up Chrystia Vreeland.

Musk's apparent endorsement of Poilievre may be linked to the billionaire's cost-cutting ambitions: Musk will play a large role in Donald Trump's Republican administration by running a government department dubbed the Government Efficiency DepartmentOr Doug. You will save money.

The idea has sparked enthusiasm among Dogecoin investors, who believe it demonstrates Musk's love of cryptocurrencies. Musk has it He tweeted again and again About Dogecoin – which trades using the DOGE ticker – in the past, resulting in huge jumps in its price.

Venture capitalist and Y Combinator CEO Gary Tan on Tuesday He claimed In a comment on the same video as Poilievre talking about cryptocurrency Dogecoin The price will rise if Musk's cost-cutting policy succeeds.

“If dollar inflation is resolved, the price in dollars to buy cryptocurrency will actually go down, other things being equal,” Musk responded to Tan.

But despite the talk of Dogecoin, Musk last year I confess He is not "actively involved" in cryptocurrencies, and only likes memes.

Musk last week He attacked repeatedly British Prime Minister Keir Starmer - and other politicians - claim they have not done enough to help victims of the grooming ring scandal. European politicians have done so ever since Express an alarm On the outspoken businessman's increasingly controversial actions.

Modified by Andrew Hayward