Poland Presidential Candidate Calls for Bitcoin Reserve In Election Pitch
Poland Presidential Candidate Slawomir Mentzen has recently pitched for a strategic Bitcoin Reserve as part of his election pitch. Drawing a leaf from Donald Trump’s victory in the US presidential election, global leaders have joined the bandwagon. Bitcoin investor Mentzen eyes a similar paradigm shift in Polish elections as BTC price a massive rally over $93,000.
Poland Eyes Strategic Bitcoin Reserve Like United States
In a post on the X platform on November 19, Slawomir Mentzen, the Polish presidential candidate of the KORWiN party, demanded that Poland create its own strategic Bitcoin reserve. Interestingly, Mentzen also proposed having crypto-friendly regulations along with support from the national banks for building this reserve. He wrote:
“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!”
Election in Poland will tentatively happen around May 2025, and hence a Bitcoin push early on could lead to a shift in the course of elections in the coming months. Although Slawomir Mentzen is the candidate of a smaller party, he can gain significant ground with this BTC push.
Several market analysts think that the Bitcoin Game Theory will soon play out among nation-states, creating a snowball effect in no time. In the United States, top Bitcoin leaders like Michael Saylor, and Cynthia Lummis have started pitching President-elect Donald Trump about the importance of having a BTC reserve, and how it can reduce the US national debt by a staggering $16 trillion.
It is clear that leaders across nation-states have started seeing Bitcoin as a crucial reserve asset similar to gold. Senator Cynthia Lummis also proposed that state-federal banks sell some of the gold and use the proceeds to buy BTC.
Słamowir Mentzen Is A Bitcoin Businessman
Amid the strategic Bitcoin Reserve pitching reports, Polish Presidential candidate Slamowir Mentzen revealed that he had invested all his money into Bitcoins a decade before in 2013.
“In 2013, I bought cryptocurrencies with all the funds I had. I went all-in and did very well, but that was 2013,” he said during a conversation on a YouTube channel run by Filip Kowiarski. Furthermore, he also addressed accusations of pursuing others to buy BTC or providing any similar advice. In his interview, he said:
“I have been holding Bitcoins for years, I have been holding cryptocurrencies. I bought them back in 2013, at the beginning of this year I sold a little bit (…), but I hold the vast majority. Some people accuse me of trying to sell cryptocurrencies and saying: buy them. I am absolutely not trying to sell cryptocurrencies to anyone, I have not bought any cryptocurrencies for years, it is a very risky investment”.
BTC Price to Rally Over $100K?
As of press time, the Bitcoin price is trading at $90,547, with a market cap of $1.791 billion. Several market analysts predict BTC will hit $100K by the year-end, however, bulls seem to be taking a wait-and-watch approach. BTC rallied over 32% in a month
Popular crypto analyst Rekt Capital stated that the Bitcoin top hasn’t arrived yet and there’s still 3-4 weeks of rally ahead before calling a top as per the historical trends.
In the 2013, it took 6 weeks of upside into Price Discovery before #BTC experienced any sort of deeper pullback
In the 2017 cycle, BTC rallied 8 weeks into Price Discovery before a deeper pullback
In the 2020/2021 cycle, $BTC rallied 4 weeks into Price Discovery before a deeper…
— Rekt Capital (@rektcapital) November 17, 2024
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