Sorry crypto folks, Pierre Poilievre doesn’t want to be friends anymore
Pierre Poilievre doesn’t want to talk about cryptocurrency anymore.
Not since that May Conservative leadership debate, when, amid rapidly falling prices, his rivals attacked him for calling bitcoin a good investment, and poor he had little to say in defence.
For such is modern politics, which is often less about policy and ideology and more about which way the wind is blowing.
Poilievre dipped his toes in the crypto world and got burned. Politically speaking, it was the one mistake he made in an otherwise well-executed campaign.
Remember early 2022? It seems so distant in the rear-view mirror. Back then, bitcoin was still ripping and roaring. It was off its nearly US$70,000 peak, but still strong and even appreciating, at one point topping US$47,000.
True adherents say price is immaterial. But price is what captures attention. And price, in the fickle, superficial eye of public sentiment, is the unfortunate determinant of whether cryptocurrency folks are visionaries or clowns.