Polish presidential candidate Mentzen announces his BTC strategic reserve plan

Polish political rising star and chairman of the 'New Hope' party, Sławomir Mentzen, who is also a candidate in the upcoming presidential election, recently announced in X discussion that he plans to establish a national strategic BTC reserve in Poland. This move not only demonstrates Mentzen's personal enthusiasm for BTC, but also reflects his policy and investment preferences. It is reported that Mentzen personally holds 33.7 BTC, which is worth over 3 million US dollars at the current market price, further proving his strong belief in the future value of Cryptocurrency. Poland establishes BTC reserve position and expectations When Lech Wilczyński, CEO of Instar Energy Lab S.A and co-founder of InPay, publicly questioned Mentzen's position on establishing a strategic BTC reserve in Poland, it immediately attracted public attention. In the face of questioning, Mentzen unequivocally reaffirmed his position and clearly stated that supporting this plan is obvious. Wilczyński wrote on the X platform: "The draft Strategic BTC Reserve Act is available and waiting is meaningless. Instead of passing a ridiculous encryption asset bill, it is better to prioritize this bill to avoid missing opportunities." It is reported that the draft of the bill he proposed originated from the non-profit organization 'Satoshi Nakamoto Action Fund'. At the same time, another American lobbying group led by Dennis Porter also assisted in submitting a similar bill to the Pennsylvania House of Representatives. This also indicates that legislation and policies related to BTC and Cryptocurrency are actively being discussed and promoted globally, demonstrating the importance of this field in the global political and economic agenda.

To actively promote the BTC strategic reserve, Mentzen retweeted this tweet and added a statement that if he is elected as the President of Poland, he will make Poland a safe haven for Crypto Assets, providing a friendly regulatory environment, low tax rates, and support from banks and regulatory authorities. Mentzen also boasted that "BTC will fly to the moon", conveying his strong confidence and positive expectations for the future development of BTC. Polish political landscape and challenges Although the Polish strategic BTC reserve plan proposed by Sławomir Mentzen has received a lot of attention, it is still unknown whether the plan can be implemented quickly. However, Poland stands out in the EU by using its own currency, the złoty, and not joining the euro area, and enjoys a relatively independent monetary policy, which may have a certain impact on the implementation of the Bitcoin reserve plan. In the political arena, Mentzen's New Hope party did not stand out in the 2023 parliamentary elections, winning only 6.2% of the vote and correspondingly only 12 parliamentary seats, which limited the party's political influence. Mentzen himself expressed disappointment at this result, viewing it as a "failure".

At the same time, BitcoinDACH tweeted its concerns about the legislative prospects in the Polish Senate, pointing out that while the idea of Poland's BTC reserve currency is gaining momentum, it should not be overemphasized. Currently, the PiS party holds 180 seats in the Senate, the KO party holds 124 seats, and the party led by Sławomir Mentzen only has 7 seats, so the likelihood of this legislation advancing is relatively low. In August this year, Sławomir Mentzen announced that he would represent the far-right Federation Alliance in the upcoming presidential election. It is worth noting that he is the most popular politician in Poland on TikTok, with a total of 40 million views. However, his online image has been tarnished because Instagram banned his account, which has over 340,000 followers, before the last parliamentary elections. Mentzen and his allies in the national right-wing camp see this as interference in the elections. In addition to supporting Crypto Assets, Mentzen also positions the New Hope Party as the main conservative force in Poland. He has openly opposed the European Union and advocated for Poland's exit from the European Union. At the same time, Mentzen strongly opposes high taxes and increased welfare spending, and he incorporates these positions into his policy agenda, emphasizing the importance of fiscal conservatism and safeguarding national sovereignty. Conclusion: Sławomir Mentzen, the rising star of the Polish political scene and leader of the 'New Hope' party, has gained widespread attention worldwide for his deep passion for BTC and bold BTC reserve plan. Despite his limited political influence, his stance and actions in the cryptocurrency field have undoubtedly added a new dimension to the political and economic agenda in Poland and even globally. Although Mentzen's BTC reserve plan faces many challenges, his firm belief and positive expectations in this field indicate the growing influence of cryptocurrency on the global political stage. His efforts and initiatives will continue to shape Poland and even influence the future policies and attitudes of countries worldwide towards cryptocurrency. #BTC Reserve #Polish Policy #PresidentialElection #Cryptocurrency Legislation