Sławomir Mentzen Promises Strategic Bitcoin Reserve if Elected as Polish President

Poland’s presidential candidate, Slawomir Mentzen, has announced plans to create a strategic Bitcoin reserve if elected. He shared his intentions in a post on X, promising to make his administration more favorable for cryptocurrencies if he becomes the president. 

“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,” he stated.

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

Mentzen Pledges Strategic Bitcoin Reserve

Mirroring U.S. President-elect Donald Trump’s support for crypto assets during his campaign, Mentzen promises to create a Bitcoin reserve and to implement a crypto-friendly atmosphere in Poland. This initiative reflects his vested interest in Bitcoin, evidenced by a personal investment of 33.7 BTC, valued at over $3 million.

Poland’s presidential election is expected to be held in May 2025. Hence, a Bitcoin push early on could lead to a shift in the coming months. Although Slawomir Mentzen is the candidate of a smaller party, this BTC approach will likely earn him significant ground. 

Adopting a BTC reserve would diversify Poland’s financial assets and would help the country hedge against economic fluctuations.

Bitcoin continues to gain recognition globally, with many countries exploring ways to integrate the leading crypto asset into their financial system to counter rising national debts. Last week, U.S. Senator Cynthia Lummis proposed that state-federal banks sell some of their gold and use the proceeds to buy BTC.

Sławomir Mentzen Has No Intentions to Sell BTC Holdings

Mentzen, who disclosed that he invested all his funds in Bitcoin in 2013, shared in a recent interview that he has no intentions of selling his holdings despite the asset’s record increases.

Poland has shown significant interest in crypto assets. A recent report revealed that the country boasts one of the highest rates of cryptocurrency adoption in Europe, with over 6 million of the population holding cryptocurrencies. 

Overall, Mentzen’s plan to create a Bitcoin reserve reflects his bold vision for Poland’s financial future and his commitment to innovation and economic stability. At press time, the leading cryptocurrency asset traded at $91,767, representing a 1.29% decline in the last 24 hours.