Professional-Bitcoin politician Karol Nawrocki shall be Poland’s subsequent head of state after the Nationwide Electoral Fee (PKW) printed the complete rely giving him 50.89 p.c of Sunday’s run-off, forward of Warsaw mayor Rafał Trzaskowski on 49.11 p.c. The upset deprives Prime Minister Donald Tusk of a vital ally and palms the conservative opposition a presidential veto for the following 5 years.
For Bitcoin and crypto traders the extra rapid story is that the winner ran—and gained—on probably the most explicitly pro-Bitcoin platform ever seen in a significant EU member. On 28 Might, 4 days earlier than the vote, the then-candidate posted a video on X insisting that “Poland wants innovation, not regulation. As President I’ll assure that no draconian legal guidelines curbing your freedom will ever take impact.” That phrase, delivered in Polish however replayed endlessly on TikTok and Telegram, grew to become a rallying cry for the nation’s estimated eight million crypto customers.
What Nawrocki Truly Promised On Bitcoin
Throughout the marketing campaign he tied his financial agenda to a broader supply-side tax overhaul. Bankier.pl’s audit of his written programme highlighted the flagship pledge to abolish the 19 p.c ‘Belka’ capital-gains tax, a levy that captures each equities and digital property. Eradicating that tax would go away Poland with one of many lowest realised-gain burdens on Bitcoin within the European Financial Space.
Second, Nawrocki framed himself as a destructive regulator—somebody who would veto restrictions relatively than draft new crypto legal guidelines. “I would be the constitutional firewall in opposition to any try and criminalise strange Poles for holding or spending Bitcoin,” he mentioned in an interview clip that closed his last televised debate.
Slawomir Mentzen, the libertarian whose personal marketing campaign centred on making a Strategic Bitcoin Reserve, failed to achieve the second spherical however formed the whole race. On November 17, he advised his 1.2 million followers: “Poland ought to create a Strategic Bitcoin Reserve … If I turn into President our nation shall be a cryptocurrency haven.” Blockchain analytics agency Arkham later linked 33.7 BTC—price simply over $3 million—to addresses he controls.
Mentzen’s proposal pressured each mainstream contender to make clear a crypto place. Nawrocki selected to co-opt relatively than assault him, repeating {that a} reserve is “price finding out” however arguing that tax aid and authorized certainty should come first. The détente helped consolidate the libertarian vote behind Nawrocki within the run-off and should have equipped the 300,000-vote edge that separated victor from vanquished.
Why Bitcoin Framed The Election
Polish family adoption of digital property has accelerated since 2022; Statista forecasts 7.9 million home crypto customers by year-end 2025, roughly 21 p.c of the grownup inhabitants. That demographic skews under-40 and concrete—precisely the cohort that historically leans liberal. Nawrocki’s gamble was {that a} exhausting pro-Bitcoin line might peel these voters away with out alienating the PiS base. Exit polling cited by The Guardian exhibits a 12-point swing towards Nawrocki amongst first-time voters in contrast with the 2020 presidential contest, sufficient to offset Trzaskowski’s dominance within the capital.
Nawrocki shall be sworn in on 6 August. As a result of tax statutes originate in parliament, abolishing the Belka tax would require cooperation—or a public referendum he has already threatened to name. Veto energy, nonetheless, is unilateral, that means he can instantly block any try by the governing coalition to transpose probably the most restrictive elements of the EU’s Markets in Crypto-Property regulation into home legislation.
At press time, BTC traded at $104,183.
Featured picture created with DALL.E, chart from TradingView.com
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