Polish presidential candidate Sławomir Mentzen pledges to establish a Bitcoin reserve fund if elected in 2025, following the model of El Salvador and the promise of former US President Donald Trump.
Mr. Sławomir Mentzen, the Polish presidential candidate, has just made a notable commitment in the finance and technology sectors by stating he will establish a national Bitcoin reserve fund if he wins the election scheduled for May 2025.
The statement was made on platform X (previously Twitter) on November 17, in response to a question from Lech Wilczynski, CEO of the cryptocurrency exchange Swap.ly, about whether Mr. Mentzen would consider establishing a Bitcoin reserve fund.
Source: Sławomir Mentzen
Mr. Mentzen is currently receiving significant support, especially from libertarian and right-wing voters. His commitment to Bitcoin can be seen as a strategy to attract more support from young and tech-savvy individuals who tend to have a more positive outlook on cryptocurrencies.
Bitcoin Reserve Fund: A New Trend for Countries?
Mr. Mentzen's commitment came after Lech Wilczynski shared the policy model of the 'Strategic Bitcoin Reserve' developed by the Satoshi Action Fund, a cryptocurrency advocacy group. Mr. Wilczynski emphasized the urgency of prioritizing the establishment of a Bitcoin reserve fund, arguing that this is the right time for Poland to take action.
This draft law also mentions the purchase of 1 million Bitcoin within 5 years and holding this asset for at least 20 years, similar to the proposal by US Senator Cynthia Lummis in the strategic Bitcoin reserve fund bill introduced in July.
The idea of a national Bitcoin reserve fund is not new. Former US President Donald Trump also made a similar commitment during his campaign. However, so far, only a few countries have taken specific steps to accumulate Bitcoin.
El Salvador is a pioneer in legalizing Bitcoin as an official currency in 2021. Under the leadership of President Nayib Bukele, El Salvador has accumulated 5,748.8 Bitcoin. The Kingdom of Bhutan is also said to have quietly mined Bitcoin for many years, with an estimated holding of around 780 million USD in digital assets, according to disclosures from Arkham Intelligence in September.
