{"id":1325,"date":"2024-11-19T05:11:08","date_gmt":"2024-11-19T05:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/poland-could-lead-with-bitcoin-reserve-presidential-hopeful-says\/"},"modified":"2024-11-19T05:11:08","modified_gmt":"2024-11-19T05:11:08","slug":"poland-could-lead-with-bitcoin-reserve-presidential-hopeful-says","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/poland-could-lead-with-bitcoin-reserve-presidential-hopeful-says\/","title":{"rendered":"Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says"},"content":{"rendered":"

Bitcoin, cryptocurrency, and a strategic Bitcoin national reserve is no longer just a US election issue; it\u2019s now global, with many candidates taking the same sweeping proposal as a flagship policy.<\/p>\n

S\u0142awomir Mentzen, a Polish politician and chair of the New Hope Party, has recently announced a campaign promise to create a strategic Bitcoin reserve<\/a> for Poland.<\/p>\n

Mentzen unveiled his proposal via Twitter\/X, adding that \u201cthere\u2019s no reason to wait,\u201d referring to his country\u2019s potential Bitcoin cache. According to some reports, Mentzen is also invested in Bitcoin, with a holding of 33.7 BTC, or roughly $3 million, based on the current market price.<\/p>\n

\n

\"\ud83c\uddf5\ud83c\uddf1\" Poland’s presidential candidate recently vowed to create a strategic #Bitcoin<\/a> reserve if he wins the election, following Donald Trump’s lead. The move could be a huge change in crypto adoption for Poland.#Crypto<\/a> adoption is growing rapidly\u2014don’t miss this opportunity. Now is\u2026 pic.twitter.com\/2cD86nS1hq<\/a><\/p>\n

\u2014 The Times of PiNetwork (@PiNetwork24X7) November 17, 2024<\/a><\/p>\n<\/blockquote>\n

It\u2019s About Time For Poland\u2019s Crypto Reserve – Mentzen<\/h2>\n

Mentzen\u2019s comment stemmed from a Twitter\/X user asking him if he\u2019d consider a strategic BTC reserve for Poland. The Polish presidential candidate<\/a> answered in the affirmative, saying it was about time the country adopted this policy. He added that there\u2019s a bill for a strategic reserve for the top asset, and there\u2019s no time to wait.<\/p>\n

Mentzen further argued that a strategic stockpile must be passed instead of other ordinary crypto laws. The social media user is referring to the \u201cSatoshi Action Fund,\u201d a bill filed by a non-profit organization.<\/p>\n

The same lobby organization headed by Dennis Porter also helped draft a similar bill for the Pennsylvania House of Representatives.<\/p>\n

\"\"<\/p>\n

Can Poland Follow The US Bitcoin Experience?<\/h2>\n

Although Bitcoin has become an election issue, whether Poland will join the Bitcoin bandwagon<\/a> remains to be seen. Poland is not part of the European Union and uses a separate currency, the zloty.<\/p>\n

Also, Mentzen\u2019s party boasts far-right policies but has limited influence in Polish politics. The Konfederacja party alliance nominated Mentzen for next year\u2019s presidential elections, but it\u2019s unlikely that he\u2019ll win with limited support from a small party.<\/p>\n

However, as a presidential candidate and a member of the Polish Sejma, one of the two chambers in the country\u2019s parliament, many believe the Bitcoin<\/a> proposal will get some attention.<\/p>\n

Mentzen\u2019s Support Of Bitcoin Gets Traction<\/p>\n

Mentzen\u2019s social media post immediately garnered attention among observers and analysts. The politician even reposted his tweet and added another post sharing that he will ensure a friendly regulatory environment for cryptocurrency once he becomes the country\u2019s president.<\/p>\n

Today, election observers and market analysts are examining the possible role of Bitcoin in Mentzen\u2019s campaign. Some are already asking if his pro-BTC stance can help sway public opinion and votes, even if he\u2019s with a small party.<\/p>\n

Featured image from DFRLab, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin, cryptocurrency, and a strategic Bitcoin national reserve is no longer just a US election issue; it\u2019s now global, with many candidates taking the same sweeping proposal as a flagship policy. S\u0142awomir Mentzen, a Polish politician and chair of the New Hope Party, has recently announced a campaign promise to create a strategic Bitcoin reserve…<\/p>\n","protected":false},"author":1,"featured_media":1326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[65,73,70,19,72,1021],"class_list":["post-1325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-cryptocurrency-market-news","tag-poland"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=1325"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/1326"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=1325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=1325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=1325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}