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Also in Poland, the candidate for the Presidency Sławomir Mentzen has promised to adopt a strategic reserve of Bitcoin in case of election. While his party is, however, in the minority, Mentzen has revealed his intention to make the country more crypto-friendly.
Summary
Bitcoin: the Presidential candidate in Poland supports BTC and the crypto
Sławomir Mentzen, candidate for the Presidency in Poland, has revealed that he is in favor of Bitcoin and crypto. Not only that, there is the promise to create a strategic reserve of Bitcoin in case of winning the elections.
Poland should create a Strategic Bitcoin Reserve.
— Sławomir Mentzen (@SlawomirMentzen) November 17, 2024
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
“Poland should create a strategic reserve of Bitcoin. If I become President of Poland, our country will become a paradise for cryptocurrencies, with very friendly regulations, low taxes, and a favorable approach from banks and regulatory authorities. BTC to-the-moon!”
The presidential elections in Poland will be held in May 2025. Mentzen has gained significant popularity in Poland, especially among libertarian and right-wing voters, but his party turns out to be a minority.
In any case, Mentzen explicitly stated his intention to make Poland more crypto-friendly by adopting regulations favorable to the development of the industry. Not only that, in 2022 Mentzen revealed that he invested all his funds in Bitcoin in 2013.
Bitcoin: the candidate for the Presidency in Poland is in favor of crypto
Apparently, it seems that being a candidate for the Presidency in favor of the development of the crypto industry is starting to become a “trend.”
And so, even in Poland, the candidate Mentzen follows the example of what has just happened in the USA, with Donald Trump’s victory in the 2024 presidential elections.
In a previous post on X, the CEO of the crypto exchange Swap.ly, Lech Wilczynski, shared the open source policy model “Strategic Bitcoin Reserve”, created by the crypto advocacy group Satoshi Action Fund.
In this regard, to Wilczynski’s question, Mentzen replied that he would “naturally” follow this very plan if elected.
Oczywiście!
— Sławomir Mentzen (@SlawomirMentzen) November 17, 2024
“The strategic reserve account in bitcoin is available for use. There is no need to wait. Instead of approving a senseless law on crypto assets, this should be the first, before it’s too late. Will President @SlawomirMentzen push for the creation of a strategic reserve in Poland?”
“Naturally!”
The reserves in Bitcoin and the promises in favor of crypto
Speaking of Bitcoin reserve and countries, El Salvador and the Kingdom of Bhutan currently emerge.
In fact, in this crypto rally, El Salvador announced last Monday that the country is in profit by over 525 million dollars, precisely thanks to the price surge of BTC. At the time of writing, with BTC at the price of 91,000$, the Salvadoran government’s bitcoin wallet is worth over 544 million dollars.
Still on the topic of Bitcoin reserves, the Kingdom of Bhutan, the “king” country of Bitcoin mining also stands out. In fact, last September, Arkham had revealed that Bhutan holds 13,011 BTC, equivalent to 780.49 million dollars.
As we were saying, however, the current “trend” seems to be precisely that of being in favor of the crypto sector, beyond the Bitcoin reserve. And indeed, Mentzen’s move in Poland follows something already done by other politicians in other countries.
For example, beyond the Trump case in the USA, also in Japan, the candidate Yuichiro Tamaki of the DPP had promised a crypto tax cut in case of winning the elections. Not only that, Tamaki promised support for the industry to also promote NFT and Web3 at the fiscal level.