Polish presidential candidate Sławomir Mentzen has pledged to establish a national Bitcoin reserve fund if elected in 2025, following the model of El Salvador and the promise of former US President Donald Trump.
Sławomir Mentzen, a candidate for the Polish presidency, has made a notable commitment in the financial and technology sectors by announcing that he will establish a national Bitcoin reserve fund if he wins the election scheduled for May 2025.
The statement was made on the X platform (formerly Twitter) on November 17, in response to a question from Lech Wilczynski, CEO of the cryptocurrency exchange Swap.ly, about whether Mentzen would consider building a Bitcoin reserve fund.
Mentzen is currently receiving significant support, particularly from liberal and right-wing voters. His commitment to Bitcoin may be seen as a strategy to attract more support from young people and technology-savvy individuals, who often have a more positive view of cryptocurrencies.
Bitcoin Reserve Fund: A New Trend for Countries?
Mentzen's commitment comes after Lech Wilczynski shared the "Strategic Bitcoin Reserve" policy model developed by the Satoshi Action Fund, a cryptocurrency advocacy group. Wilczynski emphasized the urgency of prioritizing the establishment of a Bitcoin reserve fund, arguing that now is the right time for Poland to act.
The draft legislation also mentions buying 1 million Bit in 5 years and holding these assets for at least 20 years, similar to the proposal by US Senator Cynthia Lummis in the Strategic Block Reserve Act 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 election campaign. However, so far, only a few countries have taken concrete steps to accumulate Bit.
El Salvador is a pioneer, having legalized Bit as an official currency in 2021. Under the leadership of President Nayib Bukele, El Salvador has accumulated 5,748.8 Bit. The Kingdom of Bhutan is also said to have been quietly mining Bit for years, with an estimated $780 million in digital assets, according to a revelation from Arkham Intelligence in September.
