Sławomir Mentzen, a candidate in the May 2025 Polish presidential election, pledged to establish a Strategic Bitcoin Reserve if elected.
Following in the footsteps of Donald Trump, Mentzen is positioning himself as a leader in cryptocurrency implementation, a move that could reshape Poland's economic strategy.
Sławomir Mentzen's Manifesto: The Bitcoin Reserve Fund
Responding to a policy framework shared by Lech Wilczyński, CEO of crypto exchange Swap.ly, Mentzen affirmed his commitment to the plan, emphasizing the potential benefits of Bitcoin for national recovery and independence from the traditional financial system (TradFi).
“Poland needs to create a Strategic Bitcoin Reserve. If I become President of Poland, our country will become a crypto paradise with friendly regulations, low taxes and support from banks and regulators,” Mentzen said.
Mentzen’s strategy goes beyond mere adoption. By creating a favorable environment for cryptocurrency businesses, he aims to foster innovation and attract global investors. He emphasizes his intention to make Poland a strong competitor in the global cryptocurrency market.
The vision includes crypto-friendly regulation, lower taxes, and active cooperation with banks and regulators. The candidate also draws inspiration from libertarian ideals often associated with cryptocurrencies, appealing to voters who favor less government intervention and financial innovation.
These would put Poland on the path to becoming a global leader in digital asset innovation. Mentzen’s proposal is popular among the increasingly crypto-savvy Polish community, as Bitcoin adoption has increased significantly in recent years.
With Polish elections scheduled for May 2025, Mentzen’s crypto-forward policies are likely to play a decisive role in shaping the country’s economic future. If successful, his leadership could herald a period of change for Poland, putting it at the forefront of the crypto revolution in Europe.
“Maybe the first in Europe, but definitely not the last,” one user on X commented.
Inspired by Global Trends
Mentzen’s proposal resonates with growing international interest in national Bitcoin reserves. The concept gained traction earlier this year when U.S. President-elect Donald Trump pledged to create a similar reserve, sparking debate over Bitcoin’s role in national finances.
Trump’s stance has inspired state-level initiatives in the US, such as Pennsylvania’s proposed Bitcoin reserve bill and Florida’s support for the concept. Additionally, Senator Cynthia Lummis has advocated for Bitcoin as a national reserve asset, suggesting that the Federal Reserve’s sale of gold could fund the transition.
Globally, interest is growing. Hong Kong is also considering including Bitcoin in its financial reserves, pointing to the asset’s potential as a hedge against economic volatility. Mentzen’s initiative reflects this broader trend, leveraging Bitcoin’s scarcity and decentralization to position Poland as a leader in the cryptocurrency space.
While still in the campaign stage, Mentzen’s pledge represents a bold alliance with a broader global shift toward cryptocurrency adoption. As other countries, such as the US and Hong Kong, explore similar strategies, Poland’s potential choice of a Bitcoin reserve fund could set a precedent for other mid-sized economies.
However, critics have questioned Bitcoin’s volatility and potential risks as a reserve asset. Notably, investor Michael Novogratz has warned that national adoption could face resistance due to unpredictable markets and political complications.
“It’s a low probability. While Republicans control the Senate, they don’t have nearly 60 seats. I think the United States would be smart to use the Bitcoin they have and maybe add a little bit to it… I don’t necessarily think the USD needs to be backed by anything,” Novogratz said.
Polymarket odds share his view. The decentralized prediction market, which gained credibility after successfully predicting Trump's victory, shows there is only a 31% chance that Trump will create a US Bitcoin Reserve.
Odds Trump Creates Bitcoin Reserve. Source: Polymarket
Despite skepticism, Novogratz has said that a Reserve would be beneficial to Bitcoin, potentially driving BTC's value to $500,000. Meanwhile, others like David Bailey, CEO of Bitcoin Magazine, have suggested that Donald Trump could create a Bitcoin strategic reserve without congressional approval.
“The verdict from the experts is that the President has the authority to create SBR without Congress and do a pretty big buyout program (tens of billions of dollars). To go bigger, we would need Congress, but we could start right away at the same scale as MicroStrategy,” Bailey said.
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