Bitcoin-Advocate Poilievre Defeated as Carney’s Liberals Clinch Victory in 2025 Election

Pierre Poilievre, a Conservative leader known for his pro-Bitcoin stance, has lost his position as a Member of Parliament, marking the end of his tenure following a recent election. The Liberal Party, under the leadership of Mark Carney, achieved enough victories to establish at least a minority government.

According to data collected from Elections Canada, Poilievre was defeated by Liberal candidate Brunce Fanjoy in the Ottawa region during a closely contested election cycle that began five weeks earlier due to Carney’s call for the election.

The Liberal party secured roughly 162 seats as of midnight Eastern Time, sufficient to govern as a minority administration.

This result was less than what previous polls had indicated, which suggested a potential Liberal majority with 172 seats, influenced by external pressures including threats from U.S. President Donald Trump concerning Canadian sovereignty and specific tariffs aimed at Canada.

As of midnight, reports indicated that ballots were still being counted, leaving the question open as to whether the Liberals could ultimately secure a majority.

If the current standings remain unchanged, Canada’s Westminster-style system would require the Liberals to partner with another opposition group, such as the Bloc Quebecois or the New Democratic Party, to facilitate legislative approval in the House of Commons.

A non-confidence motion initiated by the Conservative Party, if backed by another political faction, could potentially lead to yet another election scenario; however, it is currently premature to consider such an action.

In contrast to the United States, where cryptocurrency has significantly impacted congressional elections and the 2016 presidential race, the issue seemed lesser in significance during the Canadian campaigns.

Although both Carney and Poilievre had addressed cryptocurrency previously, it was notably absent from their electoral discussions, despite its relevance among many Conservative lawmakers.

On Polymarket, a contract allowing users to speculate on the next Prime Minister of Canada surpassed $100 million in trade volume, while numerous other election-related queries accumulated close to another $100 million collectively.