Poland’s Presidential Hopeful Sławomir Mentzen Promises to Make Poland ‘Crypto Haven’

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November 18, 2024 01:24 EST

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Sławomir Mentzen, a Polish right-wing libertarian politician and presidential nominee, has promised to create a strategic Bitcoin reserve if elected.

In a post on X, he stressed that Poland will become a “cryptocurrency haven” if he becomes the president.

“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.”

Mentzen’s call to create a Bitcoin reserve and promise to implement a crypto-friendly atmosphere in Poland mirrors US President Donald Trump’s support for the asset class and his recent win in the US elections.

Following Trump’s win, the value of a single Bitcoin has surged past $90K amid the uncertainties surrounding Trump’s timetable for delivering on his pro-crypto pledges.

Sławomir Mentzen has prioritised Bitcoin reserve over delayed crypto legislation. A user posted on X, asking if Mentzen seeks to create a strategic reserve in Poland instead of passing a crypto bill.

Mentzen replied, “Of course,” and later added in a separate post that Poland is poised to create a BTC reserve.

Poland’s presidential election is expected to be held in May 2025.

Sławomir Mentzen Has No Intentions to Sell Bitcoin Holdings

In 2017, less than a million of Poland’s population owned Bitcoin, according to data from Statista. However, 7 million of the population are holding the asset as of this year and it is forecasted to reach 8 million in 2028.

Sławomir Mentzen, the Polish politician and entrepreneur, has been holding the world’s largest cryptocurrency, Bitcoin, since 2013. In a recent interview with Kanga exchange, Mentzen emphasised that he has no intentions to sell Bitcoins despite record increases. He reportedly owns 33.7 Bitcoin worth over $3million.

“It’s hard to judge exactly when something is expensive and when it’s cheap,” he said. “The trick is to refrain from selling it for many years.”

Sławomir Mentzen also noted that the funds acquired would not significantly affect his life, which is why he does not hesitate to continue his long-term strategy of holding BTC.