Features
The late Rabbi Zalman Schachter’s time in Winnipeg recalled at lively evening hosted by Jewish Heritage Centre
(This article originally appeared in the Dec. 21, 2016 issue of The Jewish Post & News) By BERNIE BELLAN
It was billed as an evening that would be devoted to “Rabbi Zalman Schachter and the Winnipeg origins of the Jewish Renewal Movement”.
Like just about everything else associated with the late Rabbi Schachter (who died in 2014 at the age of 90), it was an evening not without controversy.
The Jewish Heritage Centre promoted the program, which was held Monday, Dec. 12, in the Multipurpose Room of the Asper Campus, as part of “its synagogue series connected with the Synagogues Exhibit at the Asper Campus.”
With the ever-clever Prof. Dan Stone serving as host, the audience of over 100 was treated to a series of reminiscences about Rabbi Schachter’s 19 years spent in Winnipeg (from 1956-75) – a time that paralleled the advent of the “New Age” movement, also a time during which the use of hallucinogenic drugs became highly popular among young people.
The evening featured three main speakers: Rabbi Alan Green, who was given his “smichah” by Rabbi Schachter; Prof. Justin Jaron Lewis, an expert on Hasidism and the organizer of an interview project centering around Rabbi Schachter’s time in Winnipeg; and Alexandra Granke, a graduate student at the University of Manitoba in the Department of Religion, whose Masters thesis dealt with the influence Winnipeg’s Jewish community had on Rabbi Schachter’s thinking.
There was also a contribution from Murray (Moish) Goldenberg, who was a protégé of Rabbi Schachter’s. Goldenberg read a poem devoted to the late rabbi’s memory.
Following the speakers’ presentations, Dan Stone invited anyone in the audience who wanted to tell of their own experience with Rabbi Schachter to speak up. One by one individuals told stories about how Rabbi Schachter touched their lives.
Lest anyone reading this think that the evening was nothing more than a love-in for Rabbi Schachter, however, there were some negative notes struck as well. Although he was undoubtedly a man of great charisma, Zalman Schachter had his detractors. Two themes mentioned several times, both by the featured speakers and audience members, coursed through recollections of his time spent in Winnipeg: his faithlessness when it came to his relationships with women, and his overt championing of drug use.
Following is an account of some of what was said:
Rabbi Green who, Dan Stone told the audience, will be leaving Winnipeg in 2018 to move to Fairfield, Iowa – the centre of transcendental meditation, described first meeting Rabbi Schachter in Los Angeles in the 1970s.
In time, Green became a devout follower of Rabbi Schachter’s, culminating in his receiving his smichah from Rabbi Schachter in Philadelphia, where he found the rabbi “surrounded by a bunch of old hippies” – some of whom “were leaders of the New Left in the 1960s.”
“My first class with him,” Rabbi Green said, “was kind of a Sinai movement for me. It literally took my breath away.”
Rabbi Schachter had a multitude of interests, including “Jewish mysticism, humanism, and modern psychology” among others, noted Rabbi Green. As well, “he was fluent in many languages.”
What impressed Rabbi Green quite deeply, he said, was how Rabbi Schachter “brought together Judaism and Indian mysticism”.
“How often we let fear get in the way of Jewish mysticism,” Rabbi Green said Rabbi Schachter once told him.
Turning to the subject of the Jewish Renewal Movement and Rabbi Schachter’s central role in that movement, Rabbi Green observed that “there are now hundreds of Jewish Renewal rabbis – most of them ordained by Rabbi Schachter.”
It was in Winnipeg, Rabbi Green noted, that Rabbi Schachter “created the first rainbow talit”. It was also here that “the interface between psychedelic drugs and spiritual practice” first took root among Rabbi Schachter and his many followers.
Rabbi Green commented, however, “that I always found this phase of Rabbi Schachter’s life to be somewhat embarrassing”.
Following Rabbi Green’s presentation, Justin Jaron Lewis took the podium to offer some observations about Rabbi Schachter’s time in Winnipeg. Lewis noted that Rabbi Schachter’s own autobiography has relatively little to say about the time he spent here, even though it was a fairly lengthy period. As well, the Wikipedia article about the rabbi barely mentions his time spent in Winnipeg, Lewis also observed.
It was partly because of that vacuum, Lewis explained that, at the behest of his colleague in the Judaic Studies program at the University of Manitoba, Ben Baader, Lewis embarked upon the creation of an oral history project devoted to gathering “memories of Rabbi Schachter during his Winnipeg years.”
With contributions from 28 different individuals, all of whom whose lives were touched by Rabbi Schachter at some point during his time spent in Winnipeg – as the director of Hillel, as the representative of the Lubavitcher Rebbe, as a Professor of Religion, and in the many other roles he played, interviews were gathered. Those interviews now reside in a collection put together at the University of Colorado in Boulder (where Rabbi Schachter spent the final years of his life).
(If you would like to listen to any of those interviews simply Google “Winnipeg Jewish renewal”. According to Lewis, however, some of those interviews are not entirely positive in the impressions some interviewees had of Rabbi Schachter.)
The fact that Winnipeg seems to have been almost deliberately obscured in any writing, either by Rabbi Schachter himself or others writing about him, is somewhat of a puzzle for Lewis. After all, he observed, it was here that Rabbi Schachter “began the chaotic and colourful phase of Judaism that became so important in his later years.”
Perhaps it was the shroud of controversy that surrounded him while he was here that led to Rabbi Schachter’s downplaying the time he spent here but, as Lewis suggested, “over time the world has forgiven him even though he left Winnipeg under a cloud”.
It was left to Alexandra Granke to fill in some of the blanks that others have found when it comes to knowing more about the time Rabbi Schacter spent here.
As Granke explained, she was “the first person to have listened to all 28 interviews about Rabbi Schachter” that Winnipeggers gave. (By the way, if you have something you’d like to tell about Rabbi Schachter, you can still get in touch with Justin Jaron Lewis, who said he would love to hear from anyone else who might have something to contribute to the oral history project. He can be reached at Justin_Lewis@umanitoba.ca .)
In analyzing Rabbi Schachter’s often controversial stay in Winnipeg, Granke observed that “there was an air of inevitability about Rabbi Schachter’s break with the Lubavitch movement.”
Granke referred to an interview given by Abe Anhang, who talked about Rabbi Schachter’s use of LSD as the reason for his departure from the Chabad movement.
“His use of LSD runs through many of the other interviews,” Granke noted. Yet, she was “surprised by the relative nonchalance of many of the interviewees” toward Rabbi Schachter’s prolific drug use.
In fact, one interviewee mentioned how she was first introduced to “weed, mescaline, and cocaine” by Rabbi Schachter.
Rather than simply dwell on this aspect of Rabbi Schachter’s life though, Granke observed that many interviewees spoke of how he “opened up his group of followers to a different understanding of Judaism.”
“Doing drugs for him was not something fun,’ Granke noted. Rather, “for him it was about a way to reach a higher level of spirituality.”
Turning to yet another oft-criticized component of his life, Granke did refer to Rabbi Schachter’s having “fathered ten children with a variety of women.”
Yet, despite his somewhat notorious reputation, Granke suggested that others “were willing to overlook his lapses in moral judgment because he was so accepting of others.”
Although Reb Zalman, as he came to be known affectionately by his devoted followers, may have “been the opposite of what was expected of rabbis in Winnipeg,” his “dedication to people” is what seems to have been the mark that he left most often upon others.
“Reb Zalman always had time for others,” was a common refrain through the interviews, Granke said.
As one interviewee suggested, Rabbi Schachter’s form of spirituality, which he formulated while he was in Winnipeg, was “Buddhist chakra meeting Jewish sphirot”.
“He was a Jewish practitioner in a universal soul,” said one interviewee.
Granke referred to the interview given by Len Udow, who suggested that the pain of Rabbi Schachter’s wartime experience (when he fled first from Vichy France, then to Belgium, where he was “one step ahead of the Gestapo”) dissipated during moments in which he was engaged in prayer. “It was as if all the pain of the war was dispelled by the sudden connection with his many ancestors.”
Murray Goldenberg mentioned Rabbi Schachter’s having taught him the blessing for marijuana: “shehakol neheyeh b’dvaro” (who brings about everything by his word).
Yet, as I noted earlier, not everyone was so rosy-hued in their memories of Rabbi Schachter. David Wilder suggested that “the reason he (Rabbi Schachter) doesn’t mention Winnipeg in his writings is because of his situation with his family. His kids didn’t speak to him,” Wilder said (because of their father’s having left their mother to take up with the daughter of a well-known Winnipeg radio announcer).
Justin Jaron Lewis did say though, that “the kids reconciled with him at the end.”
As audience members after audience member spoke up to recall their own experience of Rabbi Schachter, it was easy to understand the enormous impact that this man had on so many Winnipeggers. As Jerry Cohen said, “There was no greater influence on my life Jewishly than Reb Zalman. He was a great influence to many of us in those early years in Winnipeg.”
#1 Mr. — Ernest Seinfeld 2017-07-09 11:15
This is the first time I am reading about this rabbi. I also read an article about him today in the Jerusalem Post and made the following comment:
“I remember Rabbi Schaechter as a fellow student in Vienna at the Sperlgymnasium (high school, the same Sigmund Freud atttended) in 1937.
In Austria classes in one’s religion were mandatory.
He kept trying to upstage our religion teacher by frequent interrupting him with “Raschi said”.
The rest of the students who had no idea of the teaching of Raschi and hardly were even aware of this great Talmud scholar, after a while gave him the nickname ‘Raschi’. The teacher obviously did not enjoy these interruptions but remained quiet and polite.
Ernest Seinfeld
es893columbia.edu”
I attended three years with him in the same classes. He sat always in the first row and tried to ‘shine’. He craved for attention, a trait his fellow students did not exactly find appealing.
In our January 18, 2017 issue we also printed this letter from members of Rabbi Schachter’s family, in response to the original article:
Response to article on Reb Zalman Schachter
We are the widow and children of Reb Zalman Schachhter-Shalomi, z”l. We want to recognize the initiative of the Jewish Heritage Center in convening a public forum honoring our father and Winnipeg origins of the Jewish Renewal Movement. While none of us live in Winnipeg any longer, we treasure the time that the family had in Winnipeg and are sorry that we were unable to be present for this forum. Had we been present, we would have contributed to this retrospective in the following ways.
- The article “The late Rabbi Zalman Schachter’s Time in Winnipeg Recalled at Lively Evening Hosted by Jewish Heritage Centre” misstated the tone of his family situation. Our father was wholehearted in his relationship with his wives and children. His marriage breakdowns were certainly not caused by lapses in moral judgment. Divorce almost always is difficult for the marital partners and children. In the case of Reb Zalman and Feigle, the decision to end their marriage was understandable as, much earlier, they recognized that their relationship was unsustainable. They had drifted apart as a result of the differences in their spiritual visions and only intentionally stayed together until their youngest child reached her Bat Mitzvah so that she would have the capacity to deal with family breakdown. None of the children harbor any resentment to children from other mothers. It is a testament to Reb Zalman’s love for his children, and our love for him, the that we are all in touch with one another to share each other’s joy and provide support in times of need.
- There is an element of physical harshness in the name Schachter, which has its origins in Shochet (slaughterer). Reb Zalman was someone who was deeply concerned with the increase in violent conflict in the world. He adopted a typical Jewish response to his concerns by adding a name that would bring to our consciousness the need to pursue peace, Shalom. For many years now, he has been known and called Rabbi Zalman Schachter-Shalomi.
- The relatively limited material in the University of Colorado archives on Jewish Renewal on Reb Zalman’s time in Winnipeg is not based in any way on any deliberate action on his part or because of an alleged cloud causing him to leave the city. Reb Zalman moved to Philadelphia because it had a larger Jewish community and was closer to other large Jewish centers in North America. Reb Zalman had begun providing rabbinic training in Winnipeg, but few students were willing to come to Winnipeg to study. The move to the east coast enabled many more students to access his training and become rabbis. As for the gap in current literature concerning Reb Zalman’s time in Winnipeg, we applaud Professor Lewis’s initiative in collecting oral histories to be added to the archive at the University of Colorado. Regarding the claim that Reb Zalman ignored Winnipeg in his autobiography, it should be noted that 97 pages of the 186 page “My life in Jewish Renewal,” (aside from the Appendices), are devoted to years living in Winnipeg. It is crucial to note, however, that much that happened during this period took place during his numerous travels outside Winnipeg.
We are aware that some of his views and activities were challenged by some elements of the Winnipeg Jewish community. Reb Zalman, as we all are, was human. However, for those who focused their comments at the forum on his imperfections, we wonder what standard they were holding him to. On the first Shabbat of the secular year We read Parshat Va’yigash. The story of our ancestor Ya’acov is drawing to a close. Yes, Ya’acov had issues with his wives, with his children, and with neighbors in the broader community. Those flaws, however, are not the major part of his remembrance. We remember him as a Jewish ancestor whose legacy was that all Jews now are known under Ya’acov’s second name, Yisrae. We are all B’nai Yisrael.
We, his widow, his daughters and sons, his grandchildren and great-grandchildren, all feel that we have been blessed by being the spouse and offspring of one of the 21 century’s greatest rabbis. Each of us, in our own way, is seeking to continue the contribution to society that he has made. May our actions and the actions of Winnipeg Jewry give our father’s neshama an aliyah!
Blessings,The Widow and all the children of Rabbi Schachter-Shalomi
Eve, Miriam, Rabbi Shalom, Josef, Yale, Chana Tina, Jonathan, Lisa, Shalvi, Rabbi Shlomo Barya, Yotam & Rossi
Features
How to Use the Internet Safely in Canada
Discover essential tips for using the internet safely in line with the Government’s newest cybersecurity report and whole-of-society approach to digital safety.
Whenever we think we’ve seen it all, the internet chucks something unexpected at the world. In the past few days, we’ve seen two dazzling demonstrations of the power of AI to deceive or convince. First, a hacker infiltrated the internal television screens of the Washington headquarters of the US Department of Housing and Urban Development (HUD) to play a deepfake video of US President Donald Trump kissing Elon Musk’s feet. Next, President Trump shared an AI-generated video of his vision for Gaza on his Truth Social account.
At home, the Canadian Centre for Cyber Security recently released a report that underlines the need to keep expecting the unexpected. According to their National Cyber Threat Assessment 2025-2026, Canada is experiencing a barrage of digital attacks.
A Perfect Storm of Cyber Criminality
There has been a notable increase in state-sponsored cyber operations to disrupt Canada’s critical infrastructure. The report specifically mentions the aggressive cyber programs of the People’s Republic of China. Looks like Russia also aims to destabilize Canada and its allies.
Another concern is the flourishing underground network of cybercriminals. In this space, foreign threat actors and financially motivated ‘ordinary’ criminals cross paths. They sometimes find enough common ground to scratch each other’s backs. That may be one reason ordinary Canadians face more attempts to steal personal data and sensitive information.
Data breaches do a lot of damage. Apart from the financial loss, it brings reputation damage, and even legal consequences for both individuals and organizations. For example, a Equifax survey showed that 73.5% of all fraudulent credit card applications and 89.3% of all deposit frauds in Q4 2023 resulted from identity fraud.
The Dangers of Data Sharing Among Thieves
Cybercriminals trade stolen information, and this data-sharing trend is becoming a significant concern. With access to more extensive and diverse data pools, these criminal groups can better leverage people’s personal data. A bigger data pool makes criminals more effective and profitable. Even worse, it allows them to shift their focus to more complex and vastly more disruptive projects.
The Government of Canada is taking the increased threat level seriously. They’ve developed the National Cyber Security Strategy (NCSS) to address digital threats. The new plan uses a whole-of-society approach and has a substantial proposed budget.
According to security experts, Canadians can take more steps to use the internet safely. This includes avoiding phishing scams, identity theft, malware attacks, and data breaches. When individuals are safer from fraud and scams, the overall threat to everyone online is reduced.
10 Quick Tips on How to Use the Internet Safely in Canada
It’s not hard to make using the internet safer — a little preparedness goes a long way.
- Install antivirus software and enable your device’s firewall.
- Get a reliable VPN in Canada. A Virtual Private Network is a basic defence system that all devices should have. It encrypts your internet connection to keep out snoopers (like your ISP) and hackers with mayhem on their minds.
- Update devices immediately and keep operating systems (and all your apps) up to date. Updates are important patches addressing security weaknesses and closing loopholes in new exploits.
- Improve your passwords. It is far better to use a password manager to create long, complex passwords or phrases for each account.
- Enable 2FA (two-factor authentication) where possible. Your favourite app or online account is nagging you to enable 2FA for a good reason! 2FA can knock out a considerable percentage of hacking attempts. Would-be hackers with access to your passwords would also need your phone or other authentication device to get into your account.
- Become more privacy-aware. We give away a lot of information by accident. Most people use and accept the default privacy settings on the software and apps they use every day. They’re unaware that the default privacy settings are skewed in advertisers’ favour. Review and adjust the privacy settings on every app, social media account, and search engine you use. Also, check and adjust the settings on your smartphone and other devices. Use your VPN every time you connect to the internet. A VPN changes your IP address and gives you an extra layer of privacy against advertisers and marketers.
- Encrypt sensitive files. Encryption scrambles the file data by making it unreadable to anyone without the correct decryption key.
- Always think: “It might be phishing”. Be suspicious of links that arrive via email, text, or social media. A click could start a malware download. Phishing scams often impersonate well-known businesses like Netflix, Facebook, or government agencies. Phishing attacks are attempts to trick people into divulging sensitive information. Phishing attacks can also lead to hijacking accounts with stolen login credentials.
- Check the legitimacy of websites. Don’t enter personal or financial information on a website that does not display “HTTPS” in the URL. But be cautious even if there is a padlock icon in the address bar. Cybercriminals can easily get a free SSL certificate for a scam website to make it look more professional. If a website seems ‘off’ or the offers are too good to be true, better leave.
- Create a backup. Store copies of important information on an external hard drive or a secure cloud storage service. Making backups won’t make your device safer, but it could help you recover from a cyber incident.
Staying Cyber Aware as a Society
The internet is a vast resource for modern society. Online tools increase productivity, simplify life, and help us learn new things. But cybercriminals have proven they won’t hesitate to use these tools to create havoc. There is always a new threat on the horizon, so we must keep learning and striving to stay informed about emerging threats.
Features
A daughter comes to terms with her father’s Holocaust experience many years later
“How to Share an Egg” by Bonny Reichert
Published by Appetite by Random House, 2025
Book Review by Julie Kirsh, former Sun Media News Research Director
Exclusive to The Jewish Post and News
Bonny Reichert writes with great compassion about her father, a Holocaust survivor. In reviewing children of survivor literature, much has been said about the need to compensate for the suffering of the Holocaust survivor. To upset parents after what they have been through, is to be avoided at all cost.
In my own survivor family, I learned that to ask questions of my parents about what happened during the war and even before the war was to cause pain. I learned not to ask, not to cause pain.
In 2015 Bonny Reichert and her family made a trip to Warsaw. The tomb of an ancestor called out to her father. The author’s great-grandfather was “a pillar of his community and a beloved scholar.” His namesake, the author’s father, was jubilant to find the headstone in the Warsaw cemetery. Afterwards the famished family found a deserted restaurant and revelled in a bowl of borscht garnished with fresh condiments. The description of this delicious meal is the reader’s introduction to the author’s moving memoir about food, love, hunger and survival. The author writes that in her family “food was connected to the meaning of life itself; an understanding woven into our very being.” The dining table was a very important place in the daily life of the family.
At age 5, the author noticed the blue-green numbers on her father’s arm. It was at this time that the father started to talk about his Holocaust experiences. By retelling his stories, the author’s father was reframing the horror into stories of bravery and triumph. In some ways, he was healing himself in the process of telling.
His daughter, the child of the survivor, tests her father’s Holocaust experience by putting a bare foot in the snow or trying to imagine unspeakable hunger. Trauma passed down the intergenerational chain has been explored in the children of the Holocaust survivors’ literature. Bonny Reichert absorbed her father’s trauma without understanding the origin of her own inherent sadness and dark feelings.
My high school years were spent going to movies, shopping and finding out about boys with my best friend, Linda. Her family, unlike my own, was a Canadian Jewish family who came to Toronto before the war. I considered Linda’s family normal and healthy. There were many aunts, uncles, cousins and even grandparents. Similarly, Cathy was the author’s best friend. In Cathy’s home there were no accents and no sad stories about tragedy and loss.
In her twenties, the author takes us through her engagement and marriage to the “right” guy. Turning down an opportunity to go to law school, staying at home with a baby, not dealing with depression was her life which she portrays poignantly in this memoir.
Most unexpectedly, she did not get the support that she needed from her father. He ignored her feelings. He saw her in the role of a traditional wife who had no outside aspirations other than to be a homemaker.
Therapy sessions helped her to take control of her life and become more aware of her authentic self. Her father was able to love her deeply and share the truths that he had learned through his Holocaust experience. However she came to understand that no one can define another person’s path. Taking journalism courses and having her voice published, helped the author’s sense of independence and self-esteem. In her late twenties, after divorcing her first husband, she married Michael, had two more children and balanced motherhood with her job as a magazine editor.
At age forty, the author enrolled in a culinary school. Conquering her unnamed fears, gave her an outlet for the energy trapped within. She learned that “being afraid is no way to live”.
In addition to exploring her personal psyche, the author writes about recreating lost recipes from before the war. The reader learns that Jews have been making cholent for many decades. Putterkuch or butter crumble cake was painstakingly recreated in her modern kitchen and taken to her father for his approval and insight into what he remembered about his mother and his childhood. Food became the trigger for buried memories.
In the final chapters of “How to Share an Egg,” the author goes on a fact finding mission to Berlin and Poland. She visited ghettos and concentration camps with a tour group.
Hedy Bohm is one of the Holocaust’s oldest survivors and was my mother’s best friend. She is the catalyst for persuading the author to conquer her lifelong fear of understanding the Holocaust survivor experience. At age eighty-four, she told her story in a German court of justice. For Hedy, this experience was validating, transforming her entire world view.
The author leaves us with food for thought. Fight the worst that history had to offer the Jews with beauty, happiness and continuation of life. Her father modelled resilience, courage and strength, allowing his daughter to choose her own response to life’s challenges.
Features
Trump Wants to Incorporate Cryptocurrencies into the Strategic Reserve
President Trump intends for digital assets like Bitcoin, Ether, and a select group of other cryptocurrencies to eventually become part of the US strategic reserve. Although the exact process remains uncertain, market trends are already reflecting increased optimism beyond the US, drawing the attention of Canadian crypto adopters. Following Trump’s recent announcement, Bitcoin experienced its highest peak of a long time, a notable recovery from its previous drastic drop just days earlier.
These developments have sparked curiosity among Canadian investors, who could reshape market trends. In initial discussions in financial circles, experts pointed out that if the trend continues on an upward trajectory, this could spur the rise of innovations such as a number of new cryptocurrency. In this context, besides investing in the common Bitcoin and Ether, it would be worth considering investing in other cryptocurrencies. Exploring new cryptocurrency investment opportunities can be challenging, but experts claim that when approached wisely, it has the potential to be highly rewarding.
On Sunday, Trump disclosed for the first time the specific cryptocurrencies that could be integrated into a newly envisioned US crypto reserve. In a statement he posted on social media, he emphasized that leading digital currencies such as Bitcoin and Ether should form the core of this reserve, positioning them as essential elements in the nation’s future financial strategy. Following his announcement, President Trump not only emphasized Bitcoin but also identified other lesser-known cryptocurrencies – such as Ripple, Solana, and Cardano – as key components of his envisioned reserve. In his social media post, he declared, “I will make sure the U.S. is the Crypto Capital of the World.”
Crypto prices have rallied significantly after Trump’s announcement regarding the inclusion of Bitcoin and other digital currencies in strategic discussions. This announcement has sparked both excitement and skepticism among investors. Industry experts predict that these developments will drive broader institutional acceptance of cryptocurrencies across Canada. This could prove to be an influential factor in comprehensive regulatory reform and increased market stability.
Experts claim that, although vague, Trump’s promises give hope to investors worldwide. In the first few weeks of his presidency, the crypto sector did not receive the anticipated support. However, that initial disappointment seems to have transformed into renewed enthusiasm. Investopedia reports that by Monday morning, Bitcoin – after reaching a peak of about $109,000 in January and dropping last week on Trump’s announcement – had rebounded by over 8% to around $93,000. At the same time, Ether climbed roughly 7%, Solana increased by more than 13%, XRP surged over 16%, and Cardano jumped by over 50%.
Investopedia further reports that Bitcoin’s price encountered obstacles after it was confirmed that the Trump administration would proceed with its intended trade tariffs on Canada and Mexico. Investopedia further explains that investors often see tariffs as a driver of inflation. As a result, the expected interest reductions for the year of 2025 could be effectively offset, increasing pressure on volatile assets such as Bitcoin, which do not generate returns.
Investopedia notes that since 2013 Bitcoin has posted an equal number of gains and losses, making its performance hard to predict. Despite a roughly 5% drop in Bitcoin’s price since the beginning of 2025, Investopedia states that this cryptocurrency remains up approximately 25% compared to its level during the U.S. election period. This upward trend is largely driven by optimism that a Trump-led White House, along with a crypto-friendly Congress, will introduce policies that support the digital asset market.
Canadian crypto advocates see digital currencies as an opportunity to modernize everyday life. Local trading platforms are experiencing rising sales and an increase in user registrations. The recent fluctuations in cryptocurrencies have been accompanied by interest from strategic investors. Experts see the current developments as a potential turning point that could push digital financial solutions further into the spotlight for the public and politicians, which ultimately has long-term implications for Canada’s economic success. One sector that stands to gain significantly is Canada’s online gambling sector, a major contributor to the national economy.
Despite the current peak, financial experts warn of the risks. Cryptocurrencies are extremely volatile, especially when political and economic conditions change rapidly. Investment strategies must therefore adapt to a market that is both promising and unpredictable. Experts advise newcomers to invest cautiously and keep an eye on global trends. Such trends can have a lasting impact on the Canadian market.
Although the exact structure of future reserves remains unclear, the crypto-enthusiast President Trump has taken action by ordering the creation of a digital assets task force. This group is set to determine by July whether the US government should establish a strategic Bitcoin reserve. Investors are on edge, closely watching the potential ripple effects this development might have on the global trading market. Meanwhile, market observers expect further crypto-focused announcements from Trump in the coming days. The first crypto summit is scheduled to take place at the White House on Friday.