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Elena R
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Nov 18, 2024 05:39 UTC
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Crypto Nation in the Making? Poland’s 2025 Presidential Candidate Backs Bitcoin
Slawomir Mentzen, a 2025 presidential candidate in Poland, has pledged to make the country a crypto haven with favorable regulations and tax policies.
Countries like the US and Poland are exploring Bitcoin adoption as a potential solution to rising national debt.
With increasing adoption and positive market sentiment, Bitcoin is poised to break the $100,000 mark.
Could Poland become the next Bitcoin-powered nation? Slawomir Mentzen, a candidate in Poland’s 2025 presidential race, seems determined to make it happen. Inspired by leaders like Donald Trump, who have championed pro-crypto policies, Mentzen has vowed to transform Poland into a global hub for digital assets.
With the country’s debt-to-GDP ratio climbing—currently at 49.3% and projected to surpass 60%—Mentzen believes Bitcoin could offer a much-needed solution.
Would regulations pose a challenge for them too? Read on to know more – after all, this could fuel Bitcoin’s next big leap!
A Bold Promise for Crypto Growth
In a statement posted on X (formerly Twitter) earlier today, Mentzen, who personally holds 33.7 BTC worth over $3 million, declared his strong support for cryptocurrency.
“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.
EU Regulations Could Complicate Plans
While Mentzen’s vision is ambitious, experts caution that Poland’s membership in the European Union could limit its ability to enact crypto-friendly policies. The EU recently implemented MiCA (Markets in Crypto-Assets) and DAC8 frameworks, which set strict rules for digital assets and Web3 technologies, potentially constraining Poland’s options.
Bitcoin’s strong upward trend is unstoppable discover just how high it could go with the latest Bitcoin price prediction!
Global Trend: Bitcoin Adoption as a Financial Strategy
Mentzen’s proposal aligns with a broader global trend where nations are considering Bitcoin as a tool to address economic challenges. Inspired by El Salvador’s success with Bitcoin, other countries are exploring similar strategies.
In the United States, lawmakers are making progress on the Bitcoin Act, which could open new opportunities for state-level investment in cryptocurrency. Just last week, Pennsylvania introduced a bill proposing that up to 10% of treasury funds—including the State General Fund, Rainy Day Fund, and State Investment Fund—be allocated to Bitcoin investments.
Bitcoin’s Momentum Shows No Signs of Slowing
The growing adoption of Bitcoin by governments and institutions continues to fuel optimism in the crypto market. Major players like MicroStrategy and BlackRock have bolstered the trend, with products like BlackRock’s IBIT bringing Bitcoin further into the mainstream.
Bitcoin’s Fear and Greed Index recently hit 83%, reflecting extreme optimism. Analysts predict that Bitcoin could break through $100,000 if it sustains a close above $91,000 in the coming weeks.
As traditional systems falter under mounting debt, the rise of Bitcoin could redefine what economic resilience truly means. We’re looking forward to it.
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