{"id":21457,"date":"2024-11-18T18:45:04","date_gmt":"2024-11-18T18:45:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=21457"},"modified":"2024-11-18T18:45:04","modified_gmt":"2024-11-18T18:45:04","slug":"polish-presidential-candidate-mentzen-pledges-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=21457","title":{"rendered":"Polish Presidential Candidate Mentzen Pledges Bitcoin Reserve"},"content":{"rendered":"

Polish presidential candidate S\u0142awomir Mentzen has committed to establishing a Bitcoin reserve if elected in 2025.<\/span><\/p>\n

The move aligns with growing global interest in cryptocurrency as a strategic asset, echoing a similar promise made by US President-elect Donald Trump during his campaign.<\/span><\/p>\n

EXPLORE: Who Accepts Bitcoin in 2024? Companies and Stores That Accept Crypto<\/a><\/p>\n

Mentzen Vows To Make Poland A Crypto Hub<\/strong><\/h2>\n

In a<\/span> statement shared on X<\/span><\/a> on 17 November 2024, Mentzen outlined his vision for a crypto-friendly Poland. He also responded to a query about implementing a Bitcoin reserve.<\/span><\/p>\n

\u201cPoland should create a Strategic Bitcoin Reserve,\u201d he stated, adding that under his leadership, Poland would transform into a \u201ccryptocurrency haven\u201d characterized by favorable regulations, low taxes, and supportive banking policies.<\/span><\/p>\n

Polish Presidential candidate to create a Strategic #Bitcoin<\/a> Reserve for Poland <\/p>\n

HERE WE GO pic.twitter.com\/XYlj1kQtgy<\/a><\/p>\n

\u2014 Vivek (@Vivek4real_) November 17, 2024<\/a><\/p>\n\n

The concept of a Bitcoin reserve has been spotlighted in Poland\u2019s crypto circles. Lech Wilczynski, CEO of the cryptocurrency exchange Swap.ly, urged Mentzen to adopt a policy framework developed by the Satoshi Action Fund, a crypto advocacy organization.<\/span><\/p>\n

Sharing an open-source model, Wilczynski emphasized the urgency, saying, \u201cThere is no point in waiting. Instead of passing a nonsense bill on crypto assets, this should go first before it is too late.\u201d Mentzen affirmed his support, replying with an unequivocal \u201cof course.\u201d<\/span><\/p>\n

Poland\u2019s presidential election, scheduled for May 2025, will determine if Mentzen\u2019s pro-crypto policies gain traction. Known for his libertarian and right-wing appeal, the candidate\u2019s bold proposal has sparked discussions about Poland\u2019s potential role in the global cryptocurrency landscape.<\/span><\/p>\n

Mentzen\u2019s vision mirrors developments in the U.S., where Senator Cynthia Lummis introduced legislation in July 2024 to create a Bitcoin strategic reserve. The proposal aims to accumulate one million Bitcoin over five years to hedge against national debt.<\/span><\/p>\n

Meanwhile, other nations have already embraced Bitcoin as a strategic asset. El Salvador, under President Nayib Bukele, made Bitcoin legal tender in 2021 and now holds 5,748.8 Bitcoin.<\/span><\/p>\n

Similarly, Bhutan has quietly mined Bitcoin for years, with holdings reportedly valued at $780 million as of September.<\/span><\/p>\n

EXPLORE: Impact of Donald Trump\u2019s Presidency on Your Crypto Portfolio<\/a><\/p>\n

Bitcoin Emerges As Key Political Asset<\/strong><\/h2>\n

Following the recent electoral victories of Donald Trump and the Republican party, Bitcoin is<\/span> set to become a significant political asset<\/span><\/a>, according to insights from the New York Digital Investment Group (NYDIG).\u00a0\u00a0<\/span><\/p>\n

Last week, the investment management firm said investors who have yet to embrace Bitcoin may find themselves at a disadvantage as crypto prices continue to surge.<\/span><\/p>\n

\u201cWhile some investors have allocated to Bitcoin, the most common allocation for investors is still zero,\u201d said Greg Cipolaro, NYDIG\u2019s global head of research. \u201cThere are no excuses now.\u201d\u00a0<\/span><\/p>\n

Cipolaro said further regulatory changes are expected under the new administration, with likely appointments of pro-crypto advocates to lead the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Treasury.\u00a0\u00a0<\/span><\/p>\n

These changes could foster a more supportive environment for banks to provide custody services for digital assets. This includes stablecoins which enhances the integration of crypto into the broader financial ecosystem.<\/span><\/p>\n

EXPLORE: US Bitcoin Reserve: World On Precipice of BTC Arms Race<\/a><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/p>\n

The post Polish Presidential Candidate Mentzen Pledges Bitcoin Reserve<\/a> appeared first on <\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Polish presidential candidate S\u0142awomir Mentzen has committed to establishing a Bitcoin reserve if elected in 2025. The move aligns with growing global interest in cryptocurrency as a strategic asset, echoing a similar promise made by US President-elect Donald Trump during his campaign. EXPLORE: Who Accepts Bitcoin in 2024? Companies and Stores That Accept Crypto Mentzen […]<\/p>\n","protected":false},"author":0,"featured_media":21458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21457"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21457"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21458"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}