In a recent post on X, Mentzen promised to establish a strategic Bitcoin reserve and implement policies that favor the growth and adoption of cryptocurrencies.
Source: X
“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,” Mentzen wrote. He concluded his message with an enthusiastic “BTC to the Moon!”
Mentzen’s proposal mirrors recent developments in the United States, where President Donald Trump has expressed support for Bitcoin. Following Trump’s re-election, the value of a single Bitcoin surged past $90,000 amid uncertainties surrounding his timeline for fulfilling pro-crypto promises. Mentzen’s alignment with Trump’s stance indicates a growing trend among global political leaders to embrace digital currencies as a component of national economic strategy.
A Strategic Bitcoin Reserve
When questioned by a user on X about whether he would prioritize creating a strategic Bitcoin reserve over passing delayed crypto legislation, Mentzen responded affirmatively. “Of course,” he replied, emphasizing his commitment to integrating Bitcoin into Poland’s financial framework. He later reiterated that Poland is poised to create a Bitcoin reserve under his leadership.
Poland’s interest in cryptocurrency has grown significantly in recent years. According to data from Statista, less than one million Poles owned Bitcoin in 2017. That number has risen to seven million this year and is projected to reach eight million by 2028. Mentzen’s proposals aim to capitalize on this increasing adoption by providing a supportive environment for cryptocurrency users and investors.
As an entrepreneur and a politician, Mentzen has personally invested in Bitcoin since 2013. In an interview with Kanga Exchange, he disclosed that he owns 33.7 Bitcoins, currently valued at over $3 million. Despite the cryptocurrency’s record increases, Mentzen stated that he has no intention of selling his holdings.
“It’s hard to judge exactly when something is expensive and when it’s cheap,” he said. “The trick is to refrain from selling it for many years.” He added that liquidating his Bitcoin assets would not significantly impact his life, reinforcing his commitment to a long-term investment strategy.
Mentzen’s vision for Poland includes not only financial benefits but also regulatory reforms. By advocating for low taxes and friendly regulations, he aims to attract cryptocurrency businesses and enthusiasts to the country. His proposal for a supportive approach from banks and regulators suggests a comprehensive plan to integrate cryptocurrencies into Poland’s mainstream economy.
The upcoming presidential election, expected to be held in May 2025, will determine whether Mentzen’s crypto-centric policies gain traction among the Polish electorate. His platform may appeal to younger voters and those interested in financial innovation, but it could face challenges from traditional sectors wary of the volatility and regulatory complexities associated with cryptocurrencies.
Bitcoin Strategic Reserve
In his presentation at a Cantor Fitzgerald conference, Michael Saylor discussed the economic challenges posed by monetary inflation and proposed Bitcoin as a solution, explaining the Geopolitical Logic of the Strategic Bitcoin Reserve.
