Opinion: What the crypto crash says about Pierre Poilievre’s judgment

Conservative MP Pierre Poilievre rises during Question Period in the House of Commons on Parliament Hill in Ottawa on June 15.Justin Tang/The Canadian Press

From the moment he entered the race to become the next leader of the Conservative Party of Canada, Pierre Poilievre has been up front about the job he really wants.

“I’m Pierre Poilievre and I’m running to be prime minister,” he says in campaign videos. Becoming the new leader of the CPC would be a mere stop along the way.

Yes, prime minister is the job he wants, with all the attendant seriousness and responsibility the position demands. But since the outset of his campaign, Mr. Poilievre has mostly invited questions about his judgment and suitability for such an office with a series of bizarre policy pronouncements. Somehow, he hasn’t really had to answer for many of his more outlandish positions, such as his vow to fire the Governor of the Bank of Canada.

However, he can and should be questioned today about his enthusiasm for, if not outright promotion of, cryptocurrency.

Earlier this spring, Mr. Poilievre made headlines when he praised the controversial digital-money system. It was the answer for Canadians who wanted to “opt out of inflation,” he claimed. After all, he was a bitcoin investor himself.

The presumptive favourite to win the CPC leadership has been much quieter about cryptocurrency these days. I wonder why?

Perhaps it’s because the crypto world is imploding, just as Warren Buffett and his…

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