Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says

Christian Encila

Last Updated: November 18, 2024 11:00 pm

3 mins read

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Bitcoin, cryptocurrency, and a strategic Bitcoin national reserve is no longer just a US election issue; it’s now global, with many candidates taking the same sweeping proposal as a flagship policy.

Sławomir Mentzen, a Polish politician and chair of the New Hope Party, has recently announced a campaign promise to create a strategic Bitcoin reserve for Poland.

Mentzen unveiled his proposal via Twitter/X, adding that “there’s no reason to wait,” referring to his country’s 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.

🇵🇱 Poland’s presidential candidate recently vowed to create a strategic #Bitcoin reserve if he wins the election, following Donald Trump’s lead. The move could be a huge change in crypto adoption for Poland.#Crypto adoption is growing rapidly—don’t miss this opportunity. Now is… pic.twitter.com/2cD86nS1hq

— The Times of PiNetwork (@PiNetwork24X7) November 17, 2024

It’s About Time For Poland’s Crypto Reserve – Mentzen

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

Mentzen further argued that a strategic stockpile must be passed instead of other ordinary crypto laws. The social media user is referring to the “Satoshi Action Fund,” a bill filed by a non-profit organization.

The same lobby organization headed by Dennis Porter also helped draft a similar bill for the Pennsylvania House of Representatives.

BTCUSD trading at $91,834 on the daily chart: TradingView.com

Can Poland Follow The US Bitcoin Experience?

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

Also, Mentzen’s party boasts far-right policies but has limited influence in Polish politics. The Konfederacja party alliance nominated Mentzen for next year’s presidential elections, but it’s unlikely that he’ll win with limited support from a small party.

However, as a presidential candidate and a member of the Polish Sejma, one of the two chambers in the country’s parliament, many believe the Bitcoin proposal will get some attention.

Mentzen’s Support Of Bitcoin Gets Traction

Mentzen’s 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’s president.

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

Featured image from DFRLab, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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