Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says
19 November 2024 - 12:00AM
NEWSBTC
Bitcoin, cryptocurrency, and a strategic Bitcoin national reserve
is no longer just a US election issue; it’s now global, with many
candidates taking the same sweeping proposal as a flagship policy.
Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For
A 200% Spike Sławomir 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 “there’s no reason to wait,”
referring to his country’s 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. 🇵🇱 Poland’s presidential candidate recently vowed to create
a strategic #Bitcoin reserve if he wins the election, following
Donald Trump’s lead. The move could be a huge change in crypto
adoption for Poland.#Crypto adoption is growing rapidly—don’t miss
this opportunity. Now is… pic.twitter.com/2cD86nS1hq — The Times of
PiNetwork (@PiNetwork24X7) November 17, 2024 It’s About Time For
Poland’s Crypto Reserve – Mentzen Mentzen’s comment stemmed from a
Twitter/X user asking him if he’d 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 there’s a bill for a strategic reserve for
the top asset, and there’s 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, Mentzen’s
party boasts far-right policies but has limited influence in Polish
politics. The Konfederacja party alliance nominated Mentzen for
next year’s presidential elections, but it’s unlikely that he’ll
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 country’s parliament, many believe the Bitcoin
proposal will get some attention. Related Reading: Mantra (OM) Hits
New ATH On 132% Weekly Surge – Details Mentzen’s Support Of Bitcoin
Gets Traction Mentzen’s 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 country’s president. Today, election observers and
market analysts are examining the possible role of Bitcoin in
Mentzen’s campaign. Some are already asking if his pro-BTC stance
can help sway public opinion and votes, even if he’s with a small
party. Featured image from DFRLab, chart from TradingView
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