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

Poland’s libertarian presidential candidate Sławomir Mentzenhas introduced plans to create a strategic Bitcoin reserve if he wins the Could 2025 elections.

Mentzen shared his imaginative and prescient on November 17 by way of social media platform X. He outlined his dedication to turning Poland right into a crypto hub with supportive rules, low taxes and a cooperative perspective from monetary establishments and regulators.

He wrote:

“Poland ought to create a strategic Bitcoin reserve. If I develop into the president of Poland, our nation will develop into a cryptocurrency haven, with very pleasant rules, low taxes and a supportive method from banks and regulators.” (Translated from Polish)

In the meantime, the proposal might draw inspiration from the Strategic Bitcoin Reserve framework developed by the Satoshi Motion Fund, a crypto advocacy group.

In a single after On

That is why Mentzen proposed utilizing the BTC advocacy group’s open-source coverage mannequin to information his initiative.

Mentzen’s advocacy for Bitcoin is consistent with his investments in crypto. Earlier this month, he mentioned celebrated BTC hit an all-time excessive and reportedly vowed to not promote its holdings regardless of value will increase.

Bitcoin reserves development

Mentzen’s plan displays world initiatives to combine Bitcoin into nationwide and institutional monetary methods.

Talks about adopting Bitcoin as a strategic reserve within the US have gained momentum following the latest re-election of Donald Trump. Proponents counsel this might place Bitcoin as a modern-day “digital gold” to strengthen the US greenback.

Former White Home official Anthony Scaramucci said:

“Strategic BTC reserve might be positioned as the brand new Fort Knox. Digital gold to help and maintain again the USD.”

In the meantime, El Salvador presents a sensible instance: embrace Bitcoin as authorized tender beneath President Nayib Bukele. The nation’s daring method consists of proudly owning greater than 5,700 BTC, price $522 million, to sign its dedication to the digital forex because the cornerstone of its financial system.

Along with nation-state adoption, a number of listed corporations have additionally introduced plans to combine key digital belongings into their authorities bonds. The businesses defined that their resolution relies on the truth that BTC can assist shield them in opposition to inflation and diversify their treasuries.

Talked about on this article