Poland presidential candidate wants to allow nation to hold Bitcoin with strategic reserve

Poland’s libertarian statesmanlike candidate, Sławomir Mentzen, has announced plans to make a Strategic Bitcoin Reserve if helium wins the May 2025 elections.

Mentzen shared his imaginativeness connected Nov. 17 done the societal media level X. He outlined his committedness to turning Poland into a crypto hub with supportive regulations, debased taxes, and a cooperative stance from fiscal institutions and regulators.

He wrote:

“Poland should make a Strategic Bitcoin Reserve. If I go the President of Poland, our state volition go a cryptocurrency haven, with precise affable regulations, debased taxes, and a supportive attack from banks and regulators.” (Translated from Polish)

Meanwhile, the connection whitethorn gully inspiration from the Strategic Bitcoin Reserve model developed by the Satoshi Action Fund, a crypto advocacy group.

In a post connected X, Lech Wilczynski, CEO of Swap.ly, stressed the urgency of adopting forward-thinking strategies, suggesting that delaying enactment could hinder Poland’s competitory borderline successful crypto innovation.

So, Mentzen suggested leveraging the BTC advocacy group’s open-source argumentation exemplary to usher his initiative.

Mentzen’s advocacy for Bitcoin aligns with his investments successful the crypto. Earlier this month, helium celebrated BTC reaching an all-time precocious and reportedly vowed not to merchantability his holdings contempt the terms increases.

Bitcoin reserves trend

Mentzen’s program echoes planetary initiatives to integrate Bitcoin into nationalist and organization fiscal strategies.

Conversations astir adopting Bitcoin arsenic a strategical reserve successful the US person gained momentum pursuing Donald Trump’s caller reelection. Advocates suggest this could presumption Bitcoin arsenic a modern-day “digital gold” to fortify the US dollar.

Former White House authoritative Anthony Scaramucci said:

“Strategic BTC reserve tin beryllium positioned arsenic the caller Fort Knox. Digital golden to enactment and backmost halt the USD.”

Meanwhile, El Salvador offers a applicable example, embracing Bitcoin arsenic a ineligible tender nether President Nayib Bukele. The country’s bold attack includes holding implicit 5,700 BTC, valued astatine $522 million, to awesome its committedness to the integer currency arsenic a cornerstone of its economy.

Outside of nation-state adoption, respective publicly traded companies person besides announced intentions to integrate the apical integer plus into their treasury reserves. The firms explained that their determination is based connected the information that BTC tin assistance support them against ostentation and diversify their treasury.

The station Poland statesmanlike campaigner wants to let federation to clasp Bitcoin with strategical reserve appeared archetypal connected CryptoSlate.