Polish presidential hopeful Sławomir Mentzen has promised to establish a Strategic Bitcoin Reserve if he wins the election in May 2025.
Mentzen, a pro-crypto advocate, envisions transforming Poland into a hub for cryptocurrency innovation by fostering favorable regulations, low taxes, and support from financial institutions.
Mentzen’s proposal was inspired by a policy framework shared by Lech Wilczyński, CEO of Swap.ly, and aims to boost Poland’s economic independence while embracing Bitcoin’s potential. He also hopes to position Poland as a leading player in the global crypto market, capitalizing on growing public interest in digital assets.
The plan comes amidst a rising global trend of Bitcoin adoption at the national level. Earlier this year, U.S. President-elect Donald Trump pledged to create a similar reserve, sparking debates about Bitcoin’s role in national finance. Other initiatives, such as Pennsylvania’s proposed Bitcoin reserve and Florida’s endorsement, have further highlighted this shift. Even Hong Kong has explored adding Bitcoin to its financial reserves.
Critics, however, question Bitcoin’s volatility and its viability as a reserve asset. Investor Michael Novogratz has expressed skepticism about national adoption, citing political and market challenges, though he acknowledged it could significantly boost Bitcoin’s value. Despite doubts, proponents argue that Bitcoin’s decentralized nature and scarcity offer a hedge against economic instability.
If implemented, Mentzen’s plan could align Poland with a growing global movement, setting a precedent for mid-sized economies exploring the benefits of cryptocurrency adoption. For now, it remains a bold campaign promise with the potential to reshape Poland’s financial landscape.
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