Polish presidential candidate Slawomir Mentzen has proposed the creation of a strategic Bitcoin reserve for Poland as part of his election platform. Drawing inspiration from global political trends, including the U.S. under President-elect Donald Trump, Mentzen envisions a future where Poland becomes a cryptocurrency hub with favorable regulations, low taxes, and support from national banks.
In a recent post on the X platform, Mentzen declared, “If I become the President of Poland, our country will become a cryptocurrency haven, with very friendly regulations, low taxes, and a supportive approach from banks and regulators. BTC to the Moon!” Mentzen’s push comes as Bitcoin prices hover near $93,000, fueling speculation about a rally that could see the cryptocurrency hit $100,000 by year-end.
Mentzen’s proposal aligns with a growing global recognition of Bitcoin as a strategic reserve asset, similar to gold. The idea of nation-states adopting Bitcoin as a reserve currency is gaining traction, especially following endorsements from U.S. political figures like Michael Saylor and Senator Cynthia Lummis, who advocate for the U.S. to hold Bitcoin to mitigate its national debt.
Bitcoin Investor Since 2013
Mentzen, who became a Bitcoin investor in 2013, has expressed his confidence in the cryptocurrency’s potential. “In 2013, I bought cryptocurrencies with all the funds I had. I went all-in and did very well,” he shared in an interview. Despite his success, he cautioned others about the risks of cryptocurrency investments, clarifying that he has not purchased additional Bitcoin in years and no longer advises others to buy.
His proposal for a Bitcoin reserve is positioned to stir interest in Poland’s upcoming 2025 presidential elections. While Mentzen represents a smaller party, his pro-Bitcoin stance could provide him with an edge in a rapidly changing political landscape. Analysts predict that other countries, including the U.S., may soon follow suit, integrating Bitcoin into their financial strategies.
Bitcoin Price Surge and Predictions
As of now, Bitcoin is trading at around $90,547, with expectations rising that the cryptocurrency could surpass $100,000 by the end of 2024. Market analysts, including Rekt Capital, suggest that Bitcoin could experience further gains in the coming weeks, potentially pushing the price even higher.
Mentzen’s election pitch reflects his belief in Bitcoin’s transformative potential, which could play a pivotal role in Poland’s economic strategy should he win the presidency.
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