Poland Eyes Strategic Bitcoin Reserve Like United States
- Susan SarandonOriginal
- 2024-11-18 15:45:30338browse
Poland Presidential Candidate Slawomir Mentzen has recently pitched for a strategic Bitcoin Reserve as part of his election pitch. Drawing a leaf from Donald Trump's victory in the US presidential election, global leaders have joined the bandwagon.
Poland presidential candidate Slawomir Mentzen has proposed the creation of a strategic Bitcoin reserve as part of his campaign platform.
Mentzen, who is also a Bitcoin investor, made the proposal in a post on the X platform on November 19. He called for Poland to establish the reserve with the support of the national banks and crypto-friendly regulations.
“If I become the President of Poland, our country will become a cryptocurrency haven, with very friendly regulations, low taxes, and a supportive approach from banks and regulators,” Mentzen wrote.
“BTC to the Moon!”
The presidential election in Poland is expected to be held in May 2025. Mentzen's proposal could generate significant interest and influence the course of the campaign in the coming months.
While Mentzen is the candidate of a smaller party, his campaign could gain substantial momentum with the BTC push, especially considering the increasing interest in Bitcoin among institutional investors and governments.
Several market analysts have highlighted the role of the Bitcoin Game Theory among nation-states, which could lead to a snowball effect. In the United States, prominent Bitcoin figures, including MicroStrategy CEO Michael Saylor, and Senator Cynthia Lummis, have engaged in discussions with President-elect Donald Trump regarding the establishment of a BTC reserve.
According to Saylor, such a reserve could help reduce the US national debt by an astonishing $16 trillion. Several reports have indicated that Trump is open to considering the proposal.
Evidently, leaders across nation-states are beginning to recognize Bitcoin as a crucial reserve asset, much like gold. Senator Lummis has also proposed that state-federal banks sell a portion of their gold and use the proceeds to purchase BTC.
Mentzen, who is known for his pro-Bitcoin stance, has previously expressed his belief that BTC will reach $930,000 in the future. He has also stated that he aims to make Poland a "cryptocurrency paradise."
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