Polish libertarian presidential candidate Sławomir Mentzenintroduced plans to create a Strategic Bitcoin Reserve if he wins elections in Might 2025.
Mentzen shared his imaginative and prescient on November 17 through social media platform X. He outlined his dedication to show Poland right into a crypto hub with supportive rules, low taxes and a cooperative perspective of monetary establishments and regulators.
He wrote:
“Poland ought to create a strategic bitcoin reserve. If I change into the president of Poland, our nation will change into a cryptocurrency paradise with very pleasant rules, low taxes and a pleasant perspective from banks and regulators. (Translated from Polish)
In the meantime, the proposal might draw inspiration from the Bitcoin Reserves Strategic Framework developed by the Satoshi Motion Fund, a cryptocurrency advocacy group.
In a put up on X, Lech Wilczynski, CEO of Swap.ly, emphasised the urgency of adopting forward-thinking methods, suggesting that delaying motion may hinder Poland's aggressive benefit in crypto innovation.
So Mentzen urged utilizing the political mannequin of the BTC advocacy group to information his open-source initiative.
Mentzen's protection of Bitcoin is constant together with his cryptocurrency investments. Earlier this month, he celebrated BTC reaching an all-time excessive and reportedly vowed to not promote his holdings regardless of the worth enhance.
Bitcoin Reserves Development
Mentzen's plan displays international initiatives to combine bitcoin into nationwide and institutional monetary methods.
Conversations about adopting Bitcoin as a strategic reserve within the US have gained momentum following the latest re-election of Donald Trump. Advocates counsel this might place bitcoin as a contemporary “digital gold” to bolster the US greenback.
Former White Home official Anthony Scaramucci stated:
“The BTC strategic reserve might be positioned as the brand new Fort Knox. Digital gold to help and cease the USD.”
In the meantime, El Salvador presents a sensible instance, embracing Bitcoin as authorized tender beneath President Nayib Bukele. The nation's daring method contains holding greater than 5,700 BTC value $522 million to sign its dedication to the digital foreign money as a cornerstone of its financial system.
Along with adoption by nation states, a number of publicly traded corporations have additionally introduced plans to combine the perfect digital property into their state reserves. The corporations defined that their resolution is predicated on the truth that BTC can assist them defend in opposition to inflation and diversify their coffers.
