Poland Presidential Candidate Slawomir Mentzen has lately pitched for a strategic Bitcoin Reserve as a part of his election pitch. Drawing a leaf from Donald Trump’s victory within the US presidential election, international leaders have joined the bandwagon. Bitcoin investor Mentzen eyes the same paradigm shift in Polish elections as BTC worth a large rally over $93,000.
Poland Eyes Strategic Bitcoin Reserve Like United States
In a submit on the X platform on November 19, Slawomir Mentzen, the Polish presidential candidate of the KORWiN celebration, demanded that Poland create its personal strategic Bitcoin reserve. Interestingly, Mentzen additionally proposed having crypto-friendly rules together with help from the nationwide banks for constructing 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 occur round May 2025, and therefore a Bitcoin push early on may result in a shift in the middle of elections within the coming months. Although Slawomir Mentzen is the candidate of a smaller celebration, he can acquire important floor with this BTC push.
Several market analysts suppose that the Bitcoin Game Theory will quickly play out amongst nation-states, making a snowball impact very quickly. In the United States, high Bitcoin leaders like Michael Saylor, and Cynthia Lummis have began pitching President-elect Donald Trump in regards to the significance of getting a BTC reserve, and the way it can scale back the US nationwide debt by a staggering $16 trillion.
It is evident that leaders throughout nation-states have began seeing Bitcoin as an important reserve asset much like gold. Senator Cynthia Lummis also proposed that state-federal banks promote among the gold and use the proceeds to purchase BTC.
Słamowir Mentzen Is A Bitcoin Businessman
Amid the strategic Bitcoin Reserve pitching studies, Polish Presidential candidate Slamowir Mentzen revealed that he had invested all his cash into Bitcoins a decade earlier than 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 mentioned throughout a dialog on a YouTube channel run by Filip Kowiarski. Furthermore, he additionally addressed accusations of pursuing others to purchase BTC or offering any related recommendation. In his interview, he mentioned:
“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 buying and selling at $90,547, with a market cap of $1.791 billion. Several market analysts predict BTC will hit $100K by the year-end, nonetheless, bulls appear to be taking a wait-and-watch method. BTC rallied over 32% in a month
Popular crypto analyst Rekt Capital acknowledged that the Bitcoin high hasn’t arrived but and there’s nonetheless 3-4 weeks of rally forward earlier than calling a high as per the historic developments.
In the 2013, it took 6 weeks of upside into Price Discovery earlier than #BTC skilled any form of deeper pullback
In the 2017 cycle, BTC rallied 8 weeks into Price Discovery earlier than a deeper pullback
In the 2020/2021 cycle, $BTC rallied 4 weeks into Price Discovery earlier than a deeper…
— Rekt Capital (@rektcapital) November 17, 2024
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of economic markets. His curiosity in economics and finance has led him to deal with rising Blockchain know-how and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the information he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and infrequently explores his culinary expertise.
Disclaimer: The introduced content material might embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability for your private monetary loss.
