Polish presidential candidate Sławomir Mentzen has gone pro-crypto as part of his election campaign, following in the footsteps of Donald Trump in America. He has pledged full support for crypto as a store of value and promised to establish a Bitcoin reserve for Poland if the forthcoming presidential election favors him.
Mentzen Wants Polish Bitcoin Reserve
According to Mentzen, Poland should create a Strategic Bitcoin Reserve. If he becomes Poland’s new president after the May 2025 election, he plans to accomplish that.
“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,” he said.
Driven by foreign investments and growing domestic consumption, Poland’s economy has experienced remarkable growth. Its gross domestic profit (GDP) has tripled to over $546 billion within 20 years.
Despite the successes, the pro-crypto candidate believes that a Bitcoin reserve will help boost the country’s finances and solve some of its economic problems, including dependence on foreign capital and technology.
Notably, Mentzen is campaigning for the presidency from an unpopular political party. Therefore, his positive crypto stance is a strategic move to fetch him the support of crypto-inclined Poles.
Poland’s Crypto Stance
Poland’s crypto industry appears positive, as Polish governance has taken a relatively relaxed stance on crypto regulations. Its favorable outlook allows investors, firms, and traders to operate within its borders seamlessly.
While Poland may not be a trendy, crypto-supportive country, it houses about nine crypto exchanges, including Binance, a leading global crypto exchange; Coinbase, which has over 43 million users; and the famous Kraken.
Mentzen Holds BTC
According to Comparic, a Polish local news media, Mentzen has maintained a crypto portfolio for the past decade. In 2013, he invested all his money in BTC.
“I have been holding Bitcoins for years. I have been holding cryptocurrencies. I bought them back in 2013. At the beginning of this year, I sold a little bit, but I hold the vast majority,” Mentzen stated.
He also noted that while crypto investment may be risky, it has a high chance of yielding profits, so he is hodling his bitcoins with no plans to sell anytime soon.
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