The Trump Playbook? Polish Presidential Candidate Mentzen Promises To Establish Bitcoin Reserve

Polish presidential candidate Sławomir Mentzen announced his intention to establish a Bitcoin BTC/USD reserve if he emerges victorious in the forthcoming election, joining a growing list of politicians around the world attempting to make cryptocurrency a poll issue.

What Happened: In an X post on Sunday, Mentzen stated that if he is elected as the president, Poland will adopt a more cryptocurrency-friendly approach. This would include friendlier regulations, lower taxes, and support from banks and regulatory agencies.

“BTC to the Moon,” the presidential hopeful wrote, a slang phrase used by Bitcoin maximalists having strong conviction in the cryptocurrency’s upside potential.

Poland should create a Strategic Bitcoin Reserve.

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.

BTC to the Moon! pic.twitter.com/izKc4spkkV

— Sławomir Mentzen (@SlawomirMentzen) November 17, 2024

Presidential elections in Poland are slated for May 2025. Mentzen belongs to the far-right libertarian party New Hope, which has just 8 seats in the Sejm, Poland's lower house of parliament.

See Also: Matt Gaetz To Be Confirmed As Attorney General In A Trump Administration? Not So Fast, Polymarket Traders

Why It Matters: Mentzen’s pledge is similar to that of U.S. President-elect Donald Trump, who made several such Bitcoin-supportive promises during his campaign, including the establishment of a strategic Bitcoin stockpile.

Since his electoral triumph, expectations of such a reserve have surged significantly. Senator Cynthia Lummis, who (R-Wyo.) proposed the legislation earlier in July, reiterated her vow to establish the reserve. If the bill is passed, it would create a Bitcoin fund to act as a hedge against the national debt. The bill aims to accumulate a million Bitcoins over a five-year period, which would be held for at least 20 years.

Apart from Trump, El Salvador President Nayib Bukele is globally renowned for introducing pro-Bitcoin policies in his tenure, including recognition of the cryptocurrency as a legal tender.

Price Action: At the time of writing, Bitcoin was exchanging hands at $91,779.08, up 1.50% in the last 24 hours, according to data from Benzinga Pro.

Read Next:

• Robert Kennedy Jr. Calls Bitcoin The ‘Currency of Freedom,’ Backs Trump’s Treasury Secretary Pick As Best For Crypto

Photo courtesy: Pixabay