- Mentzen said on X that he would make Poland more crypto-friendly as president.
- May 2025 is when Poland’s presidential elections will take place.
Similar to a pledge made by US President-elect Donald Trump throughout his campaign, Polish presidential candidate Sławomir Mentzen has pledged to establish a Bitcoin reserve upon his victory in the next election.
When asked on November 17 if he would think about creating a Bitcoin reserve, Mentzen said in a statement on X that he would make Poland more crypto-friendly as president.
Earlier, Lech Wilczynski, CEO of the cryptocurrency exchange Swap.ly, asked Mentzen whether, if elected, he would implement the “Strategic Bitcoin Reserve” model policy that the Satoshi Action Fund had developed and made public.
Wilczynski said:
“The draft bill on the strategic Bitcoin reserve is available for use. There is no point in waiting. Instead of passing a nonsense bill on crypto assets, this should go first before it is too late.”
Banking on Bitcoin
May 2025 is when Poland’s presidential elections will take place. In Poland, Mentzen has become very popular, particularly among right-wing voters and libertarians. One of Trump’s numerous campaign pledges pertaining to cryptocurrency was the creation of a “Strategic Bitcoin Stockpile.”
In July, Senator Cynthia Lummis proposed legislation to create a Bitcoin strategic reserve; if passed, this fund would act as a hedge against the national debt.
The plan is to buy one million Bitcoin over the course of five years and keep them for at least twenty years, as stated in the bill. Two other nations have made significant moves to store substantial quantities of Bitcoin.
Cryptocurrency, like gold, has begun to be seen by world leaders as an essential reserve asset. Bitcoin (BTC) may be purchased using some of the revenues from the sale of gold, according to Senator Cynthia Lummis’s proposal.
The presidential candidate said in 2013 that he had put all of his money into Bitcoins a decade ago, amid the strategic Bitcoin Reserve promoting allegations.
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