Polish Presidential Candidate Backs Bitcoin Reserve

Polish presidential candidate Sławomir Mentzen has pledged to establish a Bitcoin reserve if elected in 2025.

Like US President-elect Donald Trump’s campaign pledge, Polish presidential candidate Sławomir Mentzen has pledged to establish a Bitcoin reserve if he wins the election next year.

When asked if he would consider establishing a Bitcoin reserve, Mentzen reiterated his position that Poland would become more crypto-friendly if he was elected president in a statement to X on November 17.

He stated that Poland ought to establish a Strategic Bitcoin Reserve.

“Poland will become a cryptocurrency haven with very benevolent regulations, low taxes, and a supportive attitude from banks and regulators if I am elected president.” Mentzen continued, “BTC to the Moon.“

In a previous post, Lech Wilczynski, the CEO of the cryptocurrency exchange Swap.ly, released the open-source Strategic Bitcoin Reserve model policy developed by the Satoshi Action Fund, a crypto advocacy group, and asked Mentzen if, if elected, he would implement the plan.

“You can use the draft bill on the strategic Bitcoin reserve. There’s no reason to wait.

Wilczynski stated that before it’s too late, this should be done before enacting a ridiculous bill about cryptocurrency assets.

He went on to ask if President Sławomir Mentzen would try to establish a strategic reserve in Poland.

“Of course,” Mentzen said, he would.

Poland is scheduled to hold presidential elections in May 2025. In Poland, Mentzen has become very popular, particularly with right-wing and libertarian people.

Observing Other Presidents Of Bitcoin

One of the many cryptocurrency-related pledges Trump made during his campaign was to create a “Strategic Bitcoin Stockpile.”

In July, Senator Cynthia Lummis proposed a bill to create a strategic reserve for Bitcoin, which, if passed, would establish a fund to protect against the national debt.

The measure states that the objective is to purchase one million Bitcoins over a period of five years and hold it for a minimum of twenty years.

Two other nations have taken significant action to acquire substantial Bitcoin holdings.

In 2021, El Salvador became the first nation in the world to accept Bitcoin as payment. President Nayib Bukele has been in charge of the nation’s more consistent accumulation, which now stands at about 5,748.8 Bitcoin.

For years, the Kingdom of Bhutan has likewise been covertly mining Bitcoin. In September, Arkham Intelligence disclosed that Bhutan has digital assets worth about $780 million.