Finance committee  Correct, and that goes back to the opening statement that I made. It's a fixed money supply. It's not controlled by anyone. You go in knowing the rules, and the rules don't change on you and the money supply doesn't change on you.

Finance committee  Well, I would love to do that, but the tax law on Bitcoin is such that this is treated as a capital gains tax event if I sell it, receive it or use it to pay my vendors. That's why I think it would help nourish innovation if we made Bitcoin legal tender here in Canada.

Finance committee  That's 100% correct. The way Bitcoin is treated right now is if I sent you a thousand dollars in Bitcoin, that would be a taxable event for me. I'd have to pay capital gains tax on that thousand dollars that I sent to you. If you want to use it practically in commerce like that,

Finance committee  Exactly. If you apply the same money policies, we're not immune to an inflationary environment. We're just like any country that faces inflation right now, whether it's Egypt, Lebanon or Turkey. If we do the same things, we're going to end up with the same results. There's no r

Finance committee  Well, we were on the ground when the pandemic started, Pierre. The thing that we saw right when the pandemic started was that there was more money going around than before the pandemic started. We quickly realized that this was something that was going to lead to inflation, becau

Finance committee  Yes, agreed. Like I said, we saw what was coming. We knew that there was going to be an inflationary environment moving forward, so we took our balance sheet as a company and we bought Bitcoin with it. Our reasoning was that because there was more money flowing around us, as sim

Finance committee  —and, yes, here we are, two years later.

Finance committee  Around then, it was around $10,000 to $12,000.

Finance committee  Today, it's at $37,000 U.S.

Finance committee  Ladies and gentlemen of the finance committee, thank you for having me. My name is Aly Hamam. I am the co-founder of Tahinis Restaurants, a chain with nine restaurants in Ontario and growing. My family and I grew up in Egypt and decided to move to Canada after the Arab Spring of