Canada Citizens Withdraw a Massive Amount of Money from Banks

Canada Will Be A New Bitcoin Country?

Because the government threatened to freeze bank accounts without a court order a few days ago, Canadians have begun withdrawing all of their money from their bank accounts.

James Melville, a British economic journalist, was the first to notice the money transfer. He shared a graph on Twitter displaying the massive amount of money withdrawn from Canadian banks.

The mandatory COVID-19 vaccine scheme is causing dozens of new protests in this country right now. The protests reached their climax a few days ago. The country’s Prime Minister Justin Trudeau and other officials announced that they may freeze the bank accounts of people who are obstructing the streets.

A large number of Canadians are exchanging their cash for Bitcoin. They believe that by doing so, they will be protected from the government freezing their accounts. As a result, some people on social media recently speculated that Canada could be a cryptocurrencies country in the future.

Bitcoin is a powerful financial tool of true individual economic sovereignty due to its design and operation, which no government, company, or institution can control or centralize.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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