Polish presidential candidate shouts: establish BTC strategic reserve if elected! Global BTC buying frenzy heats up

According to Bitcoin Magazine, Polish presidential candidate Sławomir Mentzen has made a promise to take strategic BTC reserves if elected. Michael Saylor: BTC is America's God's will!) Optimistic that Congress will pass the bill to buy 1 million BTC in 5 years) (background supplement: to buy 1 million BTC in 5 years for the United States) Congressman Lummis's BTC reserve bill is released, where will the funds come from? Since Trump was elected president this month, the market has closely followed whether Trump will live up to his campaign vision of "including BTC in the strategic reserve assets of the United States." Against this backdrop, according to Bitcoin Magazine's latest post this morning, Polish presidential candidate Sławomir Mentzen has made a commitment to take strategic BTC reserves if elected. It is understood that the next presidential elections in Poland are expected to take place in May 2025. Sławomir Mentzen has been nominated as a candidate for the 2025 presidential elections by the Polish right-wing party Alliance Party. Although Mentzen is not one of the hottest candidates, the coalition party still has some influence on the political scene with about 7.16% of the vote in the Polish parliamentary elections in October 2023, JUST IN: Polish presidential candidate Sławomir Mentzen pledges to adopt a strategic #Bitcoin reserve if elected. pic.twitter.com/p90NDnbzQb — Bitcoin Magazine (@BitcoinMagazine) November 17, 2024 The issue of BTC reserves is gradually fermenting It is usually a time-consuming plan for the state to include BTC as a reserve, but it has indeed brought more and more discussion after Trump took office. Just last week, Pennsylvania, the biggest key swing state in this election, was considering introducing BTC reserve legislation in that state. Two Pennsylvania Republicans, Mike Cabell and Aaron Kaufer, have introduced a new bill called the Strategic Bitcoin Reserve into the state's House of Representatives. The bill, if successful, would allow the state treasury to invest up to 10 percent of the State General Fund, Rainy Day Fund and State Investment Fund in BTC. The Pennsylvania Department of Finance reported that as of November, it had more than $9.7 billion in its general fund and about $7 billion in its rainy day fund. This means Pennsylvania has the potential to invest billions of dollars in the future to build the state's BTC reserves. Mike Cabell, the initiator of the bill, noted in the legislative memorandum that the bill would promote BTC as a tool for "Hedging inflationary effects," bullish on BTC to provide stability in times of economic uncertainty. The BTC Strategic Reserve Act proposed by Pennsylvania appears to be modelled on the framework proposed by the Satoshi Action Fund, a BTC advocacy group. Dennis Porter, the organization's co-founder, tweeted earlier today that Pennsylvania's "BTC Strategic Reserve" bill has been officially announced on Pennsylvania's official website. BREAKING: Pennsylvania ‘Strategic Bitcoin Reserve’ bill officially visible on the Pennsylvania website (HB2664) pic.twitter.com/aS3vpelx8T — Dennis Porter (@Dennis_Porter_) November 16, 2024 Previously, the group helped draft the "BTC Bill of Rights HB 2481," which was just passed by the Pennsylvania House in October, which aims to protect the right of Pennsylvania residents to self-custody of digital assets and ensure that they can use BTC as a payment method, and is expected to be voted on by the Republican-led state Senate in the coming weeks, and if successful, will finally be formally signed into law by the state's governor, Josh Shapiro. Porter is optimistic about the prospects of both bills, saying: With the unprecedented public support and interest in BTC, we expect both bills (BTC Rights and BTC Strategic Reserve) to be passed and expected to be signed into law next year. 10 U.S. states are working on building BTC reserves Porter believes Pennsylvania's BTC Strategic Reserve Act is expected to serve as a model for other states seeking to integrate digital assets into their portfolios, revealing to Fox Business that its organization is in talks with 10 other states to implement similar legislation. If the bill is passed into law, Pennsylvania will become the first state to hold BTC directly on its balance sheet, marking the first step in a shift where digital assets play a greater role in the state's economic strategy. Michael Saylor is optimistic that the United States will pass the bill to buy 1 million BTC in 5 years At the national level, Republican Senator Cynthia Lummis proposed a new bill in July to include BTC in the National Strategic Reserve, requiring the US Treasury to buy 1 million BTC in five years and hold it for at least 20 years. While some experts believe the bill has little chance of eventually passing, with Trump elected and Republicans in control of both houses, Lummis believes the bill has a good chance of succeeding in this Congress. This week, MicroStrategy founder Michael Saylor told an encryption event in Miami that the creation of a strategic BTC reserve in the United States is an imperative "God's will," similar to past gold and land acquisitions. He also predicted that the bill proposed by Lummis would pass as "the greatest deal of the 21st century," and the United States was expected to gain up to $16 trillion in economic benefits from this action. At the same time, he put forward a bold idea of "Trump Max", that is, if the US government buys a total of 4 million BTC, it may bring up to $81 trillion in economic returns. Related reports Standard Chartered: Trump has a "slim chance" of including BTC in the US strategic reserve, but will overturn SAB121 encryption accounting law after taking office Detailed explanation of the US BTC Reserve Act: buy 200,000 BTC every year, accumulate one million in five years Bhutan's national BTC position reaches one-third of GDP, BTC can become a new favorite of global reserves? Hong Kong lawmakers support BTC inclusion in fiscal reserves: digital gold consensus heats up... Can Trump lead the world to buy BTC arms war? 〈Polish presidential candidate shouts: If you are elected, you will build a strategic reserve of BTC! Global BTC bidding heats up...