Slawomir Mentzen, a candidate for the Polish presidency, has vowed to establish a strategic Bitcoin reserve if elected in 2025. The announcement follows U.S. President-elect Donald J. Trump’s proposal for a similar U.S. reserve. Mentzen, leading the New Hope party and co-leading the right-populist Konfederacja (Confederation) coalition, revealed his plan on November 17 on X, formerly known as Twitter.
Mentzen aims to transform Poland into a cryptocurrency-friendly nation with supportive regulatory frameworks, lower taxes, and banking assistance for digital currencies. This initiative positions cryptocurrency at the forefront of his presidential campaign, appealing particularly to younger voters and cryptocurrency advocates.
“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,” he wrote, adding: “BTC to the Moon!”
Previously, Nayib Bukele’s El Salvador adopted Bitcoin as a legal tender in 2021.
Warsaw Mayor Rafał Trzaskowski, who is aligned with the liberal globalist government; Speaker Szymon Hołownia, who is aligned with one of the government’s junior coalition partners; and former Prime Minister Mateusz Morawiecki, who is of the former national conservative Law and Justice Party government, are also running for the Polish presidency in 2025. Polls indicate they have roughly equal support.
Mentzen’s appeal is significant among younger male voters, highlighted by a 2022 IPSOS survey showing that one-third of men under 40 would consider voting for his coalition. Confederation also performed well with younger voters in the European Parliament elections earlier this year—part of a populist shift taking place across many Western countries.
The Polish presidential elections are held in a two-round system. In the first round, candidates must win over 50 percent of the vote to win the presidency. Otherwise, the top two contenders face a runoff.
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