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Polish candidate plans Bitcoin reserve for 2025 election

Polish candidate plans Bitcoin reserve for 2025 election

GrafaGrafa2024/11/18 20:00
By:Liezl Gambe

Polish presidential candidate Sławomir Mentzen has committed to creating a Bitcoin (CRYPTO:BTC) reserve if elected in 2025. 

His promise, announced on Nov. 17 via social media, aligns with recent global trends of incorporating cryptocurrency into national strategies, such as those proposed by U.S. President-elect Donald Trump.

Mentzen, responding to questions about his policies, declared, “Poland should create a Strategic Bitcoin Reserve,” adding that if elected, the country would adopt a supportive stance on cryptocurrency, marked by favorable regulations and tax incentives.

Lech Wilczynski, CEO of the crypto exchange Swap.ly, highlighted an open-source model policy by the Satoshi Action Fund for a Bitcoin reserve, urging Mentzen to consider implementing it.

“The draft bill on the strategic Bitcoin reserve is available for use. There is no point in waiting,” Wilczynski stated.

Mentzen affirmed his commitment, responding that he would indeed pursue this strategy.

The concept of national Bitcoin reserves has gained traction internationally.

The U.S. saw Senator Cynthia Lummis introduce legislation to establish a Bitcoin reserve, aiming to secure one million Bitcoin over five years as a safeguard against national debt.

Similarly, El Salvador has embraced Bitcoin as legal tender since 2021 and maintains a reserve of approximately 5,748.8 BTC.

Bhutan has also been actively involved in Bitcoin mining and holds significant digital assets valued at $780 million, according to September reports by Arkham Intelligence.

Mentzen’s plan appeals to libertarian and right-wing voters in Poland, positioning him as a pro-crypto candidate ahead of the 2025 presidential election, scheduled for May.

His proposal highlights the expanding conversation on national cryptocurrency reserves as countries explore Bitcoin for economic strategy and resilience.

At the time of reporting, the Bitcoin (BTC) price was $91,957.44.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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