Poland Could Launch Bitcoin Reserve Under Presidential Hopeful Mentzen
Polish Presidential Hopeful Sławomir Mentzen Pledges National Bitcoin Reserve and Pro-Crypto Policies, Drawing Parallels to Trump’s Stance.
Key Takeaways:
- Polish candidate Sławomir Mentzen promises to establish a national Bitcoin reserve if elected president.
- Mentzen also vowed to make the country a cryptocurrency haven with low taxes and supportive regulations.
- His pro-crypto stances echo U.S. President-elect Donald Trump’s campaign promises to support Bitcoin.
Polish presidential candidate Sławomir Mentzen has unveiled plans to establish a national Bitcoin reserve if elected next year. Mentzen’s vision also aligns with pro-Bitcoin strategies proposed during Donald Trump’s campaign, where the idea of a U.S. Bitcoin reserve gained attention.
Mentzen’s Bitcoin Reserve Plan Features Low Tax & Friendly Rules
Mentzen shared his intention in an X post, which detailed that his ambitious proposal of a Bitcoin reserve is part of the vision to transform Poland into a global cryptocurrency hub with low taxes, supportive regulations, and active cooperation from banks and regulators.
Mentzen’s promise comes in response to a recent call from crypto advocate Lech Wilczyński, who urged Poland to adopt a Bitcoin reserve.
Wilczyński criticized Poland’s existing approach to cryptocurrency regulations, which he viewed as ineffective.
However, Mentzen expressed strong support for the idea of a Bitcoin reserve, reaffirming his commitment to developing a forward-looking cryptocurrency policy for Poland.
The establishment of a Bitcoin reserve would not only diversify Poland’s financial assets but also strengthen its economy.
Currently priced at $91,900, Bitcoin has a fixed supply of 21 million coins, making it an attractive store of value, unlike traditional currencies that are susceptible to inflation.
By accumulating Bitcoin, Poland could protect itself from economic fluctuations and position itself at the forefront of the digital finance revolution.
This strategy aligns with global trends as more countries begin to recognize the potential of Bitcoin.
In 2021, El Salvador made history by becoming the first country to make Bitcoin legal tender. Under the leadership of President Nayib Bukele, the government continues to regularly accumulate Bitcoin, currently holding 5,748 BTC, valued at $527.5M.
Lugano, a city in Switzerland, already accepts BTC as payments for taxes, fines, and other invoices, while regions like the Kingdom of Bhutan reportedly have a crypto portfolio valued at approximately $780 million.
With low taxes, friendly regulations, and a clear focus on digital finance, Mentzen aims to ensure that Poland follows the example set by these nations and is well-positioned for the future of cryptocurrency.
Mentzen’s Adoption of Trump’s Pro Bitcoin Stances Could Yield Similar Electoral Result
After Donald Trump won the U.S. presidential election, using a pro-Bitcoin agenda, Polish presidential candidate Sławomir Mentzen has embraced a similar strategy by vowing to establish a strategic Bitcoin reserve if elected.
During the last US presidential campaign, Trump voiced his support for a government-held Bitcoin reserve at a Bitcoin conference in Nashville in July 2024, where he framed digital assets as part of America’s broader economic strategy.
This mirrored approach was also reflected in U.S. Senator Cynthia Lummis's proposal to create a national Bitcoin reserve fund, introduced in July 2024. A day after Trump won the presidential election, Lummis renewed her commitment to the reserve, further demonstrating bipartisan support for Bitcoin as a national asset.
The similarity between Trump’s pro-crypto policies and Mentzen’s campaign is striking.
With Poland’s presidential elections scheduled for May 2025, Mentzen has become particularly popular among libertarian and right-wing voters, who resonate with his pro-Bitcoin stance and proposed friendly regulations for the crypto industry.
There is a growing belief that Mentzen could win, driven by his support for a Bitcoin reserve and favorable crypto regulations, much like Trump’s victory, which was fueled by his pro-crypto policies.
Jimmy Aki
Drawing from his background in economics, Jimmy has monitored blockchain development for years, firmly believing in its power to democratise finance. Beyond offering commentary on the latest crypto developments, he also spends his time analysing open-source codes of promising projects on GitHub. Jimmy holds Bitcoin and Ethereum.
Related Posts
Updated Dec 21st, 2024
Bitcoin and Ether Prices Decline as BTC ETFs Hit Record-Breaking Outflows
Updated Dec 21st, 2024
Fake Satoshi Gets Suspended Sentence in Identity Fraud Case
Updated Dec 20th, 2024
Powell Slams Door on Fed Bitcoin Holdings
