Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says

Bitcoin, cryptocurrency, and a strategic Bitcoin national reserve is no longer just a US election issue; its now global, with many candidates taking the same sweeping proposal as a flagship policy.

Sawomir Mentzen, a Polish politician and chair of the New Hope Party, has recently announced a campaign promise to create a strategic Bitcoin reserve for Poland.

Mentzen unveiled his proposal via Twitter/X, adding that theres no reason to wait, referring to his countrys potential Bitcoin cache. According to some reports, Mentzen is also invested in Bitcoin, with a holding of 33.7 BTC, or roughly $3 million, based on the current market price.

Polands presidential candidate recently vowed to create a strategic #Bitcoin reserve if he wins the election, following Donald Trumps lead. The move could be a huge change in crypto adoption for Poland.#Crypto adoption is growing rapidlydont miss this opportunity. Now is pic.twitter.com/2cD86nS1hq
The Times of PiNetwork (@PiNetwork24X7) November 17, 2024

Its About Time For Polands Crypto Reserve Mentzen

Mentzens comment stemmed from a Twitter/X user asking him if hed consider a strategic BTC reserve for Poland. The Polish presidential candidate answered in the affirmative, saying it was about time the country adopted this policy. He added that theres a bill for a strategic reserve for the top asset, and theres no time to wait.

Mentzen further argued that a strategic stockpile must be passed instead of other ordinary crypto laws. The social media user is referring to the Satoshi Action Fund, a bill filed by a non-profit organization.

The same lobby organization headed by Dennis Porter also helped draft a similar bill for the Pennsylvania House of Representatives.

Can Poland Follow The US Bitcoin Experience?

Although Bitcoin has become an election issue, whether Poland will join the Bitcoin bandwagon remains to be seen. Poland is not part of the European Union and uses a separate currency, the zloty.

Also, Mentzens party boasts far-right policies but has limited influence in Polish politics. The Konfederacja party alliance nominated Mentzen for next years presidential elections, but its unlikely that hell win with limited support from a small party.

However, as a presidential candidate and a member of the Polish Sejma, one of the two chambers in the countrys parliament, many believe the Bitcoin proposal will get some attention.

Mentzens Support Of Bitcoin Gets Traction

Mentzens social media post immediately garnered attention among observers and analysts. The politician even reposted his tweet and added another post sharing that he will ensure a friendly regulatory environment for cryptocurrency once he becomes the countrys president.

Today, election observers and market analysts are examining the possible role of Bitcoin in Mentzens campaign. Some are already asking if his pro-BTC stance can help sway public opinion and votes, even if hes with a small party.

Featured image from DFRLab, chart from TradingView

Text source: NewsBTC

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