Polish minister advocates support for Bitcoin strategic reserve

Polish minister and presidential candidate Sławomir Mentzen has promised to create a Bitcoin reserve and make Poland more crypto-friendly if elected in 2025.

According to the Nov. 17

Wilczynski suggested that the Satoshi Action Fund’s open source model could serve as a framework for Poland to establish a national Bitcoin reserve, emphasizing that “there is no point in waiting” and emphasizing that the draft law on the reserve “must be published first.” “It’s too late now.”

Responding, Mentzen said “of course” and in subsequent posts outlined his vision of turning Poland into a “cryptocurrency paradise” with supportive regulations, lower taxes, and support from banks and regulators.

“BTC to the Moon,” Mentzen continued.

In his last post, Mentzen reflected on his 2018 campaign for mayor of Toruń; Here he suggested using municipal offices and schools to mine Bitcoin and reusing the heat produced for building heating.

He noted that the price of Bitcoin at the time was around $7,000 and his idea was rejected as ridiculous. But he says his offer has proven to be prescient, with Bitcoin (BTC) now approaching $100,000.

Based on this vision, Mentzen advocated for Poland to diversify its currency reserves to include Bitcoin, acknowledging that while this idea may seem unconventional now, it could become an obvious decision in the coming years.

“It is time for Polish politicians to not only deal with the past but also look to the future. We don’t have to imitate others forever. Finally, we can set new directions for ourselves and be a role model to others. “Poles deserve a modern state,” he wrote.

Mentzen’s comments echo President-elect Donald Trumo’s campaign promise in his July 2024 speech to establish a Bitcoin reserve in the United States. Senator Cynthia Lummis then introduced a bill proposing to purchase one million BTC over a five-year period.

Several experts have suggested that if the United States continues to establish a strategic Bitcoin reserve, it could trigger a BTC arms race among sovereign countries. Others, such as Michael Saylor, believe this could further increase demand for the flagship cryptocurrency.