The Polish libertarian presidential candidate, Sławomir Mentzenintroduced plans to create a strategic Bitcoin reserve if it wins the Could 2025 elections.
Mentzen shared his imaginative and prescient on November 17 by way of social media platform and regulators.
He wrote:
“Poland ought to create a strategic Bitcoin reserve. If I turn out to be president of Poland, our nation will turn out to be a paradise for cryptocurrencies, with very favorable laws, low taxes and a supportive strategy from banks and regulators. (Translated from Polish)
In the meantime, the proposal might draw inspiration from the Bitcoin strategic reserve framework developed by the Satoshi Motion Fund, a cryptocurrency advocacy group.
In an article on .
Mentzen subsequently recommended leveraging the BTC advocacy group's open supply coverage mannequin to information his initiative.
Mentzen's Bitcoin advocacy aligns together with his crypto investments. Earlier this month, he celebrated BTC hitting an all-time excessive and reportedly vowed to not promote his holdings regardless of the value will increase.
Bitcoin Reserve Development
Mentzen's plan echoes international initiatives to combine Bitcoin into nationwide and institutional monetary methods.
Discussions about adopting Bitcoin as a strategic reserve in the USA have gained momentum following the latest re-election of Donald Trump. Proponents recommend this might place Bitcoin as a contemporary “digital gold” to fortify the US greenback.
Former White Home official Anthony Scaramucci mentioned:
“The BTC Strategic Reserve will be positioned as the brand new Fort Knox. Digital gold to assist and cease the USD.
In the meantime, El Salvador affords a sensible instance, kissing Bitcoin as authorized tender underneath President Nayib Bukele. The nation's daring strategy is to carry greater than 5,700 BTC, valued at $522 million, to mark its dedication to the digital forex as a cornerstone of its economic system.
Other than nation-state adoption, a number of publicly traded firms have additionally introduced plans to include the main digital asset into their money reserves. The businesses defined that their determination is predicated on the truth that BTC may also help them defend towards inflation and diversify their money stream.
