Elon Musk has expressed admiration for Pierre Poilievre, a pro-Bitcoin candidate for Canadian Prime Minister. Poilievre supports reducing government spending to combat inflation, aligning with Musk’s views. Following Trudeau’s resignation, Poilievre is seen as a leading candidate. Musk’s support could impact the crypto markets, with potential effects on Bitcoin and Dogecoin prices.

Musk’s support for Poilievre, paired with his involvement in the U.S. Department of Government Efficiency, has sparked interest among Dogecoin enthusiasts. As the DOGE acronym aligns with Dogecoin, investors hope Musk’s cost-cutting measures might benefit the cryptocurrency. This has led to speculation about future price movements for Bitcoin and Dogecoin.