- November 18, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post Poland’s Presidential Candidate Mentzen Proposes Strategic Bitcoin Reserve to Tackle Debt appeared first on Coinpedia Fintech News
Following a triumphant rise of pro-crypto leaders in the United States led by Donald Trump, 2025 presidential candidate in Poland Slawomir Mentzen has promised to follow in the line of Bitcoin (BTC) adoption. As Poland continues to register a rising debt-to-GDP ratio, which is currently around 49.3 percent but projected to grow to over 60 per in coming years, the adoption of a strategic Bitcoin reserve seems palpable.
Through an X post earlier today, Mentzen, Mentzen, who owns 33.7 BTC worth over $3 million, made it clear that he is pro-Bitcoin and promised that the country will become a crypto haven if he is elected in the 2025 election.
“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,”
Mentzen noted.
However, experts believe that Poland may have limited options in the cryptocurrency market since it is a member state of the European Union. Moreover, the European market recently adopted the MiCA and DAC8 rules, which govern the adoption of digital assets and Web3 protocols ahead.
Bitcoin’s strong upward trend is unstoppable discover just how high it could go with the latest Bitcoin price prediction!
Impact of Nation States on Bitcoin Price Actio
Following the profound success of El Salvador in its Bitcoin strategy, more jurisdictions around the world have been looking in the same direction to counter the rising national debts. As the United States prepares to pass the Bitcoin Act, lawmakers in Pennsylvania introduced a bill last week that could see the state treasury invest up to 10 percent of the State General Fund, Rainy Day Fund, and the State Investment Fund into the Bitcoin market.
The ongoing adoption of Bitcoin by nation states, amid the mainstream adoption by institutional investors led by MicroStrategy and BlackRock’s IBIT, has significantly bolstered BTC’s bullish sentiment.
Although Bitcoin’s fear and greed index has surged to 83 percent, which represents extreme greed, a sustained close above $91k in the coming weeks will propel the flagship coin beyond $100k.
