Sławomir Mentzen, echoing the support of US President Donald Trump for Bitcoin during the recent US elections, has committed to establishing a strategic Bitcoin reserve if he wins the presidency. In a statement on X, he highlighted his vision for transforming Poland into a “cryptocurrency haven” with his presidency, promising low taxes, friendly regulations, and support from banks and regulators.
Mentzen’s pledge to foster a crypto-friendly environment in Poland reflects the backing Bitcoin received from US President Donald Trump following his election victory. The announcement of Trump’s win saw Bitcoin’s value soar above $90K, amidst speculation about the timeline for Trump’s crypto-friendly initiatives.
Mentzen has chosen to focus on setting up a Bitcoin reserve, prioritizing it over the enactment of delayed crypto legislation. This decision came to light in a response on X to a user’s inquiry about opting for a strategic reserve in Poland rather than pushing for a crypto bill, to which Mentzen confirmed, “Of course,” and indicated Poland’s readiness to establish a BTC reserve.
The presidential elections in Poland are slated for May 2025.
Sławomir Mentzen, a staunch advocate of Bitcoin, has been holding onto his Bitcoin investments since 2013, with no plans to sell. Despite the cryptocurrency’s value hitting record highs, Mentzen, in an interview with Kanga exchange, revealed he owns 33.7 Bitcoins, valued at over $3 million, and expressed his commitment to a long-term holding strategy. He believes that the proceeds from selling his Bitcoin holdings would not significantly impact his life, underscoring his belief in the cryptocurrency’s long-term potential. As of this year, 7 million Polish citizens hold Bitcoin, a significant increase from less than a million in 2017, with projections suggesting the number could reach 8 million by 2028, according to Statista data.
