As a seasoned analyst with over two decades of experience in global financial markets and a keen interest in emerging technologies, I find the recent developments surrounding Bitcoin and presidential candidates intriguing. It’s reminiscent of the tech-savvy, unconventional promises made by President Trump during his campaign, now being echoed by Sławomir Mentzen in Poland.
2021’s Polish presidential contender, Sławomir Mentzen, has pledged to establish a Bitcoin savings account should he secure victory in the upcoming elections. This initiative resembles a commitment made by then U.S. President-elect Donald Trump during his election campaign.
During a November 17th conversation with X, Mentzen reaffirmed his position that should he be elected as president, Poland will adopt a more welcoming approach towards cryptocurrencies, including the potential creation of a Bitcoin (BTC) reserve after being inquired about this possibility.
“Poland should create a Strategic Bitcoin Reserve,” he said.
If elected as the President of Poland, I plan to establish our nation as a welcoming place for cryptocurrencies. Our policies will include lenient regulations, reduced tax rates, and a cooperative stance from financial institutions and regulatory bodies. Furthermore, with my support, Bitcoin could experience significant growth, reaching new heights. Mentzen expressed this sentiment.
Previously, the CEO of cryptocurrency platform Swap.ly, Lech Wilczynski, disclosed the open-source Strategic Bitcoin Reserve policy proposed by the crypto advocacy group Satoshi Action Fund in a previous post. He then posed a question to potential candidate Mentzen: Would you implement this plan if elected?
“Wilczynski stated that the proposed bill regarding a strategic Bitcoin reserve can now be utilized. He advises against delay and suggests prioritizing this legislation over other, potentially irrelevant crypto asset bills, to avoid missing the opportunity.
“Will the president Sławomir Mentzen seek to create a strategic reserve in Poland?” he added.
In response, Mentzen confirmed that he indeed would participate, and the presidential elections in Poland are tentatively scheduled for May 2025. Notably, Mentzen has garnered substantial support in Poland, particularly among libertarians and conservative constituents.
Following other Bitcoin presidents
In the course of his campaign, Trump expressed various commitments concerning cryptocurrencies, one of which was the creation of a “Reserve Bitcoin Asset.
Senator Cynthia Lummis previously proposed a bill in July aimed at establishing a Bitcoin strategic reserve. If this bill is passed, it would lead to the creation of a Bitcoin investment fund designed to protect against increasing national debt.
The proposed legislation aims to accumulate approximately 1 million Bitcoins within a period of five years, with plans to keep them for at least two decades.
Two other countries have taken serious steps to hold large amounts of Bitcoin.
In 2021, El Salvador made history by being the first nation to recognize Bitcoin as a valid form of currency. Guided by President Nayib Bukele, the country has steadily increased its Bitcoin holdings and now possesses approximately 5,748.8 Bitcoins.
For quite some time now, the tiny but mighty Kingdom of Bhutan has secretly been involved in Bitcoin mining. As per a revelation by Arkham Intelligence in September, it’s estimated that Bhutan owns around $780 million worth of digital assets.
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2024-11-18 09:42