Sławomir Mentzen, an entrepreneur and the newly appointed president of Poland’s KORWiN party, has pledged to establish a strategic Bitcoin reserve if he wins the presidential election.
Mentzen took to X to declare, “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.”
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
Mentzen’s remarks follow Donald Trump’s political victory saga, echoing some of the strategies that secured Trump’s win by large margins. However, Mentzen’s promise of a Bitcoin reserve is not without foundation. As a KORWiN party member, he has previously disclosed his Bitcoin investments, and his now-upfront positive stance on cryptocurrency aligns with the recent surge in the crypto market over the past few weeks.
Poland has shown significant interest in cryptocurrency. A recent report revealed that the country boasts one of the highest rates of cryptocurrency adoption in Europe, with over two million citizens owning some form of digital currency. Additionally, the number of companies accepting cryptocurrency as a payment method is steadily rising. Against this backdrop, a Bitcoin reserve proposal seems timely and could prove to be a popular political strategy.
In an interview with YouTube channel host Filip Kowiarski two years ago, Mentzen shared his initial experiences with Bitcoin and cryptocurrencies. He revealed that in 2013, he invested all his savings in Bitcoin (BTC). However, he admitted that he now views cryptocurrencies as risky assets and would not repeat such a move today.
“I have been holding Bitcoins for years. I bought them back in 2013. At the beginning of this year, I sold a little bit (…), but I hold the vast majority. Some people accuse me of trying to sell cryptocurrencies and saying: buy. I absolutely do not encourage anyone to buy cryptocurrencies. I have not bought any cryptocurrencies for years; it is a very risky investment,” Mentzen said.
He also described Bitcoin as a symbol of libertarian ideals, calling it a last hope in the fight against the financial system and traditional banking. “At that time, I was closing down my exchange office. I had a large amount of cash, and I put everything I had into Bitcoin,” he added.
Currently, Mentzen owns 33.7 BTC, worth over $3 million, further establishing his pro-Bitcoin stance.
