This is an opinion editorial by Jesse Willms, a Canadian Bitcoin reporter.
In a stunning win, Pierre Poilievre received 68% of the first ballot points to become the leader of Canada’s Conservative Party, becoming the first outspoken Bitcoiner to do so.
“The win not only exceeded the wildest expectation of the Poilievre campaign, but — with the notable exception of the 2013 leadership race that elected Justin Trudeau as Liberal leader — it ranks as one of the most commanding leadership victories among any major party in Canadian history,” the National Post noted.
It was only a day after being elected leader of Canada’s Conservative Party that Poilievre sustained his first attack from Canada’s current prime minister, Justin Trudeau. Likely referring to Poilievre’s support of Bitcoin as “irresponsible,” Trudeau tweeted:
“We’ve made every effort to work with all Parliamentarians over the years, and we’ll continue to do so. But we’ll also call out questionable, reckless economic ideas — because Canadians deserve responsible leadership. Telling people they can opt out of inflation by investing in cryptocurrencies is not responsible leadership.”
What Happens Now?
Although it’s clear that there’s a no-holds-barred, knock-down, drag-’em-out fight coming between Poilievre and Trudeau, the exact timing is unclear.
Prime Minister Trudeau is doubtlessly getting lots of advice on when to go to the polls. If he chooses to sooner rather than later — exercising his power to call a federal election before the October 4, 2025 deadline, per the Canada Elections Act — the stream of scandals that has followed him could come to a quicker end. And if the vote comes sooner rather than later, Trudeau could avoid having to go before a judicial inquiry on his use of the Emergencies Act to control what turned out to be a peaceful protest.
It’s generally considered better for incumbents to call elections when the economy is on the mend and inflation is going down, but those trends may be hard to predict. In any case, the Liberals have a deal with the socialist NDP for support on any no-confidence votes until Spring 2025, if they need to use it.
Trudeau may decide to wait to call an election, as he may believe there’s a possibility that Canadians could tire of Poilievre and his members of parliament.
No matter when the vote is called, in my opinion, the winner will likely be Poilievre.
Why Poilievre Will Win, Sooner Or Later
- A Winning Strategy: Running On Principles, Not Polling Data
“Canadian federal politics isn’t always a race for the centre, but it usually is,” noted national newspaper The Globe And Mail. “Mr. Poilievre got to be leader by unabashedly aiming for something other than a moderate middle. Unlike his predecessor Erin O’Toole, he has given every sign that’s where he plans to continue to reside.”
Conventional wisdom suggests that the majority of Canadians are moderate, middle of the road voters and so it only makes sense for political parties to aim for the middle. All parties reason that hugging the political center as much as possible, and thus matching opinion polling data, is the strategically smart thing to do.
With his resounding win, Poilievre has ignored the polling data and simply gone for a program, which includes bitcoin adoption, that he believes in, giving voters something to aspire to.
- The Courage To Promote Bitcoin Is Seen As Leadership
Poilievre ran on a campaign of freedom from government, but also on free money — that people should be free to invest in and use bitcoin has been his position.
The campaign timing of the six-month campaign — from March to September — coincided with a slide in the price of bitcoin that opponents have used to paint Poilievre as irresponsible (in a televised debate, one leadership rival accused him of deceiving vulnerable seniors who stood to lose money from his advice).
Against advice from party members, Poilievre, to his credit, never waivered,…
Read More: bitcoinmagazine.com
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