Polish presidential candidate Sławomir Mentzen promises Bitcoin reserve
Polish presidential candidate Sławomir Mentzen has announced plans to establish a Bitcoin reserve in the country, if he wins the upcoming election. His pledge mirrors the endorsement of Bitcoin by former U.S. President Donald Trump during the recent U.S. elections.
In a post on X, Mentzen wrote that, if elected president, he would steer Poland toward a more cryptocurrency-friendly stance. His vision includes introducing supportive regulations, reducing taxes, and fostering collaboration between banks and regulatory agencies to support the growth of the crypto sector.
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
The presidential hopeful stated “BTC to the moon,” adding: “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.”
This includes friendlier regulations, lower taxes, and support from banks and regulatory agencies.
When asked on X whether he aims to establish a strategic reserve in Poland instead of introducing a crypto bill, Mentzen responded, “Of course.” He later confirmed in another post that Poland is preparing to create a BTC reserve.
Poland’s presidential elections are scheduled for May 2025. Mentzen represents the far-right libertarian party New Hope, which holds only eight seats in the Sejm, Poland’s lower house of parliament.
Will Mentzen follow Trump’s lead on Bitcoin policies?As ReadWrite reported earlier this month, Bitcoin surged to $89,000 after Trump’s election win, with his pro-crypto stance fueling gains. Trump’s administration plans to keep seized crypto assets and push the U.S. as a “crypto capital.”
Trump’s incoming administration plans to retain cryptocurrency seized from criminal cases instead of auctioning it. Key administration members Elon Musk and Robert F. Kennedy Jr. are strong advocates for the controversial leader and have invested millions in cryptocurrencies, showcasing their shared support for the digital asset space.
At the time of writing, Bitcoin was exchanging hands at $92,002.85, up 0.87% in the last 24 hours, according to CoinMarketCap.
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