Recently, interest in establishing strategic Bitcoin reserves has gained momentum, and it seems that Poland and Slovenia want to position themselves at the forefront of this innovation in Europe.
The world of cryptocurrencies and blockchain technology has seen exponential growth in recent years, and one of the most recent developments that has generated great interest is the proposal to create a strategic Bitcoin reserve in several countries.
In a recent announcement, Dennis Porter, CEO of Satoshi Act Fund, has revealed that Polish presidential candidate, Sławomir Mentzen has promised to adopt his organization's model law to establish Bitcoin as a strategic reserve asset for the country.
Mentzen, who is the leader of the Konfederacja party, publicly pledged to adopt the Satoshi Act Fund's proposed model bill to create a strategic Bitcoin reserve while responding to a query from InPay CEO Lech Wilczyński on the X social platform.
Wilczyński emphasized the existence of the Satoshi Act Fund’s Bitcoin Strategic Reserve Act, stating that there was no need to create new legislation in Poland for digital assets while directly asking Mentzen if he would adopt Bitcoin as a store of value asset. Mentzen answered affirmatively.
Satoshi Act Fund releases Bitcoin bill model
In the face of massive interest from politicians and legislators in Bitcoin, Porter announced that The model bill created by his non-profit organization, Satoshi Act Fund, has been officially released, on November 17, allowing it to be used by governments and states interested in creating their own Bitcoin reserves.
Porter revealed that in addition to Mentzen from Poland, an unidentified person from Slovenia is also in talks with him, to consider adopting Bitcoin as a strategic reserve asset for this nation.
“That little bird sent me a direct message”, said Porter, responding to statements by Bitcoin enthusiast Bram Kanstein about Slovenia's interest in the market-leading cryptocurrency.
Porter claimed that several lawmakers, Poland's presidential candidate and an unidentified person from Slovenia have interest and have shown positive signals towards Bitcoin. In fact, he assured that the first two have already endorsed his policy to make it law. This international support that he is receiving this year is a sign of the growing interest in Bitcoin. model law underlines the growing acceptance and adoption of Bitcoin as a viable and secure financial tool for people, businesses and also governments.
The Impact of Bitcoin Adoption on the Global Economy
The creation of a strategic Bitcoin reserve has the potential to transform the economies of the countries involved. By holding a portion of state or national reserves in Bitcoin, governments can diversify their assets, reduce reliance on fiat currencies, and position themselves at the forefront of financial innovation. Not only would this offer a hedge against currency devaluation and economic uncertainty, but it also provides flexibility in times of crisis.
The Satoshi Act Fund, which was created as a non-profit organization dedicated to protecting and promoting Bitcoin adoption and defending cryptocurrency mining and self-custody rights, has already achieved significant political victories in several states across the United States. To date, the organization has managed to get its model passed into law in 4 states and has impacted directly to over 2.000 policymakers, educating them on the financial, technological, and social significance of Bitcoin. This organization has also produced peer-reviewed research supporting claims about Bitcoin.
Main image from Pixabay
