Poland Elects A Pro-Bitcoin President

The new Polish president is pro-bitcoin, but probably more out of electoral opportunism than because of a clear strategy like that of the United States.

Dzień dobry bitcoin!

Karol Nawrocki, elected president of Poland on June 1, 2025, expressed a pro-Bitcoin stance during his campaign. This is no coincidence given that Poland is the fourth most populous country in the European Union.

His election could shift the dynamics within European institutions by acknowledging at last that bitcoin is a technological breakthrough as well as a major geopolitical issue. Not to mention the advantage it represents for our energy producers and our electric grid managers.

In a video posted on X on May 28, Karol Nawrocki spoke on the subject stating that “Poland must be a place where innovations are born, not regulations”. He explicitly committed to rejecting “oppressive regulations” that could hinder the bitcoin industry.

The president promised to be a “guarantor of freedom”. However, his lack of concrete proposals has sparked some skepticism, suggesting that his position is primarily political opportunism.

Mr. Nawrocki specifically pointed out that he does not personally own bitcoin. “I don’t invest in cryptocurrencies, but I see more and more people and companies engaging in this path,” he said.

Indeed, according to a UCE Research report, more than 18% of Poles have invested in bitcoin, mainly the new generation living in large cities and earning between 7,000 and 9,000 zlotys net per month, a phenomenon at the heart of political discussions about the future of cryptocurrencies in Poland .

In short, the conservative candidate will probably limit himself to encouraging banks to stop putting obstacles in the way of their clients who want to invest in bitcoin.

A strategic BTC reserve?

Contrary to the vague statements of the new president, candidate Sławomir Mentzen has proposed a strategic reserve of bitcoins as well as a reduction in capital gains taxation.

Mentzen’s 15% of the votes and his strong support among young voters (over 50% among 18-29 year-olds) will make him a key figure in shaping parliamentary debates concerning bitcoin.

His support for Nawrocki could allow him to wield informal influence, especially regarding the appointment of the central bank governor. This issue will arise in 2028.

There will probably be an opportunity here to align with President Trump’s policy, whom the Pole met in the Oval Office at the beginning of May. Donald Trump reportedly expressed his confidence in Mr. Nawrocki’s victory by stating: “You are going to win.”

In the ideal scenario, the new Polish president will follow his American counterpart by creating a strategic reserve of bitcoins. This is not a fantasy when you consider that Poland is the European country that has bought the most gold in recent years.

The Polish central bank has significantly increased its gold reserves under the leadership of Governor Adam Glapiński. His ambition is to raise the share of gold to 20% of total reserves. In 2023 alone, the central bank bought 130 tons of gold, and then 90 tons in 2024, bringing the total to 448 tons.

It is not impossible that the next governor, like that of the neighboring Czech Republic, will advocate adding bitcoin to the country’s foreign exchange reserves. Especially if the United States starts selling gold to accumulate more bitcoins…

Don’t miss our article: Morgan Stanley sees the US buying 3.7M bitcoins .