Poland Election Crypto News: Mentzen Backs Bitcoin Reserve
Poland Election Crypto News: Mentzen Eyes Crypto Future
Sławomir Mentzen Vows to Create a Bitcoin Reserve
Sławomir Mentzen, a presidential candidate in Poland, has pledged to make the nation more crypto-friendly if he wins the 2025 election. In a Nov. 17 statement on social media platform X, Mentzen confirmed his commitment to establishing a Bitcoin reserve, reflecting a similar promise by U.S. President-elect Donald Trump during his campaign. Mentzen’s remarks followed a prompt by Lech Wilczynski, CEO of crypto exchange Swap.ly, who encouraged the use of an open-source “Strategic Bitcoin Reserve” policy by the Satoshi Action Fund.
Crypto Policy Blueprint and Public Support
Wilczynski highlighted the importance of taking swift action with strategic crypto policies. He shared the draft policy, urging that it be prioritized over potentially ineffective crypto asset regulations. Mentzen’s response was clear and confident: “of course,” he would move forward with creating a Bitcoin reserve. This pledge could strengthen Mentzen’s position among Poland’s libertarian and right-wing voters, who have shown significant interest in decentralized financial policies.
Following the Lead of Global Bitcoin Advocates
Mentzen’s proposal mirrors efforts by other political leaders who view Bitcoin as a hedge against financial instability. Donald Trump’s campaign promises included building a U.S. “Strategic Bitcoin Stockpile.” Additionally, Senator Cynthia Lummis proposed a bill in July aimed at creating a U.S. Bitcoin reserve. This initiative seeks to accumulate one million Bitcoin over five years, holding it as a safeguard against national debt for at least 20 years.
Global Precedents in Bitcoin Reserves
Poland would not be alone in embracing such a strategy. El Salvador famously became the first nation to adopt Bitcoin as legal tender in 2021 and has since accumulated 5,748.8 Bitcoin under President Nayib Bukele’s leadership. Bhutan has also entered the crypto scene through discreet mining operations, amassing approximately $780 million in digital assets. These countries’ proactive stances underscore a trend where nations view Bitcoin reserves as strategic assets in the evolving financial landscape.
Looking Ahead to 2025
With Poland’s presidential elections approaching in May 2025, Mentzen’s promise has positioned crypto policy as a pivotal campaign issue. If elected, his leadership could mark a significant shift in Poland’s approach to digital currency and financial innovation.
