Poland Presidential Candidate Calls for Bitcoin Reserve In Election Pitch

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As a seasoned researcher with over two decades of experience in analyzing global economic trends and political landscapes, I find Slawomir Mentzen’s proposal for a strategic Bitcoin reserve intriguing. Having closely followed the rise of digital currencies, I am particularly impressed by Mentzen’s long-term investment strategy in Bitcoins since 2013.

2021 Presidential Candidate Slawomir Mentzen in Poland has proposed a strategic Bitcoin Reserve as a key aspect of his campaign. Emulating the success of Donald Trump’s presidency in the United States, global leaders are following this trend. As a Bitcoin investor, Mentzen seeks to create a similar transformation in the Polish elections with Bitcoin prices surging past $93,000.

Poland Eyes Strategic Bitcoin Reserve Like United States

On November 19th, Slawomir Mentzen, a Polish presidential candidate representing KORWiN party, advocated that Poland establish its independent Bitcoin strategic reserve. Remarkably, he also suggested adopting cryptocurrency-friendly regulations and backing from national banks to construct this reserve. In his post, he put forth:

Should I be elected as the President of Poland, our nation would transform into a welcoming hub for cryptocurrencies, offering favorable laws, reduced taxation, and backing from financial institutions and regulatory bodies. Onwards and upwards for Bitcoin!

The potential election in Poland, tentatively scheduled for around May 2025, may be influenced by an early Bitcoin promotion. This could potentially alter the direction of the upcoming elections over the next few months. While Slawomir Mentzen is a candidate from a smaller party, he could make substantial progress with this Bitcoin initiative.

As a crypto investor, I’ve been closely following the discussions about Bitcoin and its potential role in global politics. It seems that many analysts are predicting a significant shift in the Bitcoin landscape, with nations potentially adopting it en masse, much like the domino effect of Game Theory.

It’s evident that leaders in various countries are now regarding Bitcoin as an essential reserve asset, much like gold. Moreover, Senator Cynthia Lummis suggested that state and federal banks might consider selling a portion of their gold reserves and investing the earnings in Bitcoin.

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.

Back in 2013, I invested all my savings into cryptocurrencies. I took a big risk and ended up doing quite well, but that was back in 2013, he shared during an interview on Filip Kowiarski’s YouTube channel. Regarding the allegations of encouraging others to buy Bitcoin or offering similar advice, he clarified his stance in the same conversation:

For quite some time now, I’ve been in possession of Bitcoins. In other words, I’ve been invested in cryptocurrencies. I first purchased them way back in 2013, and earlier this year, I did sell a small amount. However, the large portion is still with me. Let it be clear that I am not encouraging anyone to buy cryptocurrencies. In fact, I haven’t invested in any new ones for years because they are quite risky.

BTC Price to Rally Over $100K?

Currently, the Bitcoin price stands at approximately $90,547, and its market capitalization is around $1.791 billion. Some financial experts believe that Bitcoin could reach $100,000 by year-end; however, enthusiasts appear to be adopting a cautious stance, preferring to observe the market’s movements. In the past month, Bitcoin has experienced a notable surge of more than 32%.

According to well-known cryptocurrency analyst Rekt Capital, we may not have reached the peak in Bitcoin prices just yet. He anticipates another 3-4 weeks of continued growth based on past patterns before declaring that the top has been reached.

Back in 2013, Bitcoin required approximately six weeks of continuous price increase before a more significant decline occurred.

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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2024-11-18 08:24