Polish presidential candidate Sławomir Mentzen has promised to establish a strategic Bitcoin reserve as part of his financial policy if he wins the 2025 election.
Mentzen reaffirmed his commitment to integrating cryptocurrency into Poland’s financial system on November 17 through a statement on X.
Poland should create a Strategic Bitcoin Reserve.
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.
BTC to the Moon! pic.twitter.com/izKc4spkkV
— Sławomir Mentzen (@SlawomirMentzen) November 17, 2024
His remarks came after he responded to Lech Wilczynski, CEO of crypto exchange Swap.ly, who urged him to adopt the “Strategic Bitcoin Reserve” policy designed by the Satoshi Action Fund, a non-profit advocacy group.
Dennis Porter, the group’s president, announced on X that they had open-sourced the policy document for interested parties, especially legislators, to take advantage of it.
Wilczynski highlighted the urgency of prioritizing this initiative over other crypto regulations, stating,
“The draft bill on the strategic Bitcoin reserve is available for use. There is no point in waiting… this should go first before it is too late.” Mentzen responded, saying, “Of course.”
Mentzen’s decision follows a growing global trend of leaders exploring Bitcoin as a national financial asset. At the Nashville Bitcoin 2024 conference, U.S. Senator Cynthia Lummis introduced the “BITCOIN Act of 2024, a proposal for the United States to invest in Bitcoin to address its $35 trillion national debt. Lummis suggested that a Bitcoin reserve could potentially reduce U.S. debt by half by 2045.
RELATED: The Proposed US Bitcoin Reserve Bill Might Be a Disaster in the Making
Gabor Gurbacs, an advisor at asset management firm VanEck, advocated for Bitcoin as a strategic reserve asset, particularly for nations grappling with depreciating fiat currencies. Gurbacs noted that Bitcoin could diversify and strengthen central bank reserves without necessarily replacing fiat as legal tender.
Notably, U.S. President-elect Donald Trump also emphasized Bitcoin’s role during his campaign and outlined plans for the United States to become a leader in the cryptocurrency sector. Some of these plans included integrating cryptocurrencies into government reserves and instituting crypto-friendly policies.
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