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Poilievre is the most vocal Bitcoin cheerleader in Canada, and as he prepares for the upcoming federal election, he has become a beacon for Bitcoin believers. Known to have pro-crypto views and to rally Canadians to “opt out of inflation,” he is also the beacon of hope for Bitcoin believers.
In a twist of fate, Liberal leader Mark Carney won 162 seats, good enough, it seems, for a minority government. In the Ottawa riding, popular Conservative candidate Pierre was unseated by newcomer Liberal Bruce Fanjoy, and that ended- quite dramatically- his run in Parliament.
Trump Tension and National Pride Changed the Game
“The tides have turned for Poilievre, as the strong rhetoric emanated from US President Donald Trump and sparked a nationalist fervor all over Canada.
Threats of annexation, fresh tariffs, and MAGA-like messaging all buoyed Carney as the moderate, stable option. Pierre’s ability to associate with populist politics1 at sensitive moments-perhaps most sensitive when Canadian sovereignty turned into a marked hot-button issue-made many voters iffy about him. His loud support of crypto couldn’t save him from the red wave, however, as the political winds turned.”
Bitcoin Holds Steady as Markets Digest the News
Even in the face of political upheavals, the cryptocurrency market managed to keep its head high. On April 29, 2025, it was the following prices:
| Crypto Asset | Price (USD) | 24h Change |
| Bitcoin (BTC) | $63,450 | -1.2% |
| Ethereum (ETH) | $3,230 | -1.5% |
| Solana (SOL) | $145.12 | +0.9% |
| NDAX CADC | $0.73 CAD | -0.1% |
Investors now want to see how Carney and his administration will regulate the world of crypto. Unlike Poilievre’s vision of Bitcoin thriving freely with no regulation, Carney envisages a future with guardrails and oversight. Think regulation along the lines of MiCA, experimentation with CBDCs, and compliance-first innovation.
What Poilievre’s Loss Means for Crypto Policy?
While Poilievre was perceived as a disruptive factor, his exit does not mean the end of the blockchain sector. Rather, it means Canada may be headed toward structured innovation.
What crypto companies can look forward to are:
- CBDC development is likely to pick up speed.
- More KYC/AML enforcement on the part of the platforms and exchanges.
- Cross-border regulation alignment with mechanisms across the EU and U.S.
- Oversight of DeFi, perhaps modelled after MiCA in the EU.
While people might not see a Wild West under Pierre, they may expect institutions to be prepared for investment as the laws become clearer. Mark Carney has consistently emphasized that digital finance requires sound governance, saying that sound money must also be safe money, which is according to CoinDesk.
It indicates a transition from ideology toward infrastructure, with that being good potentially for the long-term credibility of the market.
The Bigger Picture: Canada Chooses Stability Over Risk
More than Bitcoin or blockchain, this election was about trust: leadership and Canada’s standing in the world. Pierre’s sharp libertarian tone once seemed to hold promise for those disillusioned by big banks and ever-increasing governments.
But when it came down to it, voters chose Carney’s rational, practical view. They felt that Pierre’s message failed in a time when external threats were looming and internal stability felt tentative.
The Road Ahead: Crypto Isn’t Dead—It’s Evolving
Let us not speak too soon about the funeral of Poilievre’s crypto crusade. His power has left a scar. By now, many Canadians know about Bitcoin and why decentralization matters. A conversation has been started and will not end with one man’s loss.
The baton now passes to a cautionary regime, one that may move slower. However, with patience, teamwork, and maturity, Canada’s crypto space could still be led to become the world’s leader.
“Poilievre was the spark. Carney may be the strategist.”
Final Take: Shift and not End
Poilievre’s defeat is a bitter pill for the Canadian crypto partisans. But this is not the end of the story; it is the beginning of another chapter. The builders and traders must adapt, lobby, and create under the new rules of this game.
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Key FAQs
1. Who is Poilievre, and why is he important in crypto?
Poilievre is a former leader of the Conservative Party, who publicly endorsed Bitcoin as a medium for financial freedom; he was denied a seat in the 2025 Canadian election.
2. Is Carney going to be a heavy-handed regulator of crypto?
Carney favors oversight and may be inclined to advocate measures on CBDCs and some stringent manner of compliance; however, he is not against cryptocurrency.
3. What effect did the elections have on the price of Bitcoin?
Bitcoin plunged by 1.2% to $63,450 again after the elections due to the uncertainty about the new leadership regarding the policy matters to be put into place.
4. What’s in store for Canadian crypto moving forward?
Very likely, crypto will be regulated further but towards mainstream adoption within a stable institutional framework.
Glossary of Terms
Central Bank Digital Currency: A Digital representation of the currency of a country, which a central bank issues.
Pierre Poilievre: Leader of the former Conservative Party; a pro- Bitcoin politician who lost his seat in 2025.
Mark Carney: Formerly a central banker and newly appointed Leader of the Liberal Party; currently, the new Prime Minister of Canada.
Minority Government: A rule record where the ruling party does not enjoy an outright majority of seats.
KYC/AML: Know Your Customer/Anti-Money Laundering intended to prevent illicit financial activity.
DeFi: Decentralized Finance; Built on Blockchain. Financial service without Intermediaries.
MiCA: Markets in Crypto-Assets; a European Union regulation for digital asset stewardship.
Bitcoin (BTC): The oldest and the most famous cryptocurrency; it is generally considered to function mostly as a store of value.
Ethereum (ETH): This is a leading platform for blockchain-based smart contracts and decentralized applications.
