As a seasoned crypto investor with a keen eye for forward-thinking political initiatives, I find the prospect of Poland and the United States considering the creation of Bitcoin reserves truly exhilarating. Having witnessed Bitcoin’s meteoric rise from around $7,000 to nearly $100,000, I can attest that it pays to be an early adopter in this space.
Should he be elected in 2025, the Polish political figure Sławomir Mentzen has pledged to establish a Bitcoin savings account and foster a more welcoming environment for cryptocurrencies within Poland.
Based on a November 17th update posted by X, Mentzen reaffirmed his earlier statements in reaction to Lech Wilczynski, CEO of Swap.ly’s proposition, which suggested adopting the strategy of the Satoshi Action Fund’s Bitcoin Reserve model.
Wilczynski suggested that The Satoshi Action Fund’s open-source model could serve as a framework for Poland to establish a national Bitcoin reserve, emphasizing that “there is no point in waiting” and urging that the draft bill for the reserve “should go first before it is too late.”
In response, Mentzen simply agreed and later elaborated on his plan to make Poland a favorable destination for cryptocurrencies, by implementing welcoming regulations, reducing taxes, and gaining backing from both financial institutions and regulatory bodies.
“BTC to the Moon,” Mentzen continued.
In a recent update, Mentzen reminisced about his 2018 mayoral bid for Toruń, proposing an innovative plan to utilize city buildings and schools for Bitcoin mining, simultaneously harnessing the produced heat for heating purposes.
He noted that at the time, Bitcoin was priced at around $7,000, and his idea was dismissed as absurd. However, with Bitcoin (BTC) now nearing $100,000, he says his proposal has proven to be forward-thinking.
In line with this perspective, Mentzen proposed that Poland should expand its financial reserves by incorporating Bitcoin. He recognized that though this notion might appear unusual at present, it could eventually prove to be a self-evident choice as we move forward in time.
Now is the moment for Polish leaders to start focusing on the future rather than being preoccupied with the past. Instead of constantly following in others’ footsteps, we have the opportunity to establish our own unique path and serve as an example for other nations. The people of Poland deserve a forward-thinking state,” he expressed.
Mentzen’s remarks echoed Donald Trump’s campaign pledge made during a July 2024 speech, where he expressed his intent to create a Bitcoin reserve within the U.S. Later on, Senator Cynthia Lummis presented a bill suggesting the acquisition of approximately one million Bitcoins over a span of five years.
Some specialists propose that creating a strategic Bitcoin reserve by the U.S. might trigger a competitive rush among countries to acquire and hold Bitcoin, similar to an “Bitcoin arms race” among sovereign nations. Meanwhile, others such as Michael Saylor argue it could stimulate increased interest in and demand for Bitcoin, the leading cryptocurrency.
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2024-11-18 16:30