While countries such as the United States, Germany and the Czech Republic explore Bitcoin to their national reserves, the Central Bank of Poland has strongly rejected the idea. National Bank van Polen (NBP) President Adam Glapiński is of the opinion that Bitcoin is too risky and unstable, so “we will not consider Bitcoin under any circumstances”, as part of her financial strategy.
NBP rejects Bitcoin Reserves Plan
During a recent press conference, NBP President Adam Glapiński confirmed that the central bank of Poland Bitcoin will not regard as a reserve. He noted that Poland’s reserves should be ‘absolutely safe’, and Bitcoin does not meet those standards.
“We will not consider Bitcoin under any circumstance,” said Glapiński. “Reserves must be safe, stable and permanent, which Bitcoin is not.”
Instead, Poland will continue to collect assets such as gold, American dollars and euro, guaranteeing a more traditional and reliable reserve strategy.
According to NBP -DataPoland Reserve Activities have reached EUR 214.19 billion, which marks an increase of 22.1% compared to the previous year. This growth reflects the dedication of the country in financial stability and risk management in an unpredictable global economy.
Can Poland change his attitude?
Despite the strong rejection of the NBP, Poland’s position on Bitcoin could shift after the upcoming presidential election in May 2025.
One candidate, Sławomir Mentzen, has expressed pro-Crypto views And wants to make Van Polen a ‘cryptocurrency harbor’. If chosen, his administration can insist on a different approach to digital assets.
ECB also rejects Bitcoin for reserves
Poland is not alone in his decision. The European Central Bank (ECB), led by President Christine Lagarde, has also rejected Bitcoin as a reserve plan. Lagarde stated that reserves must be liquid, safe and free of risks related to illegal activities – criteria Bitcoin is not in the position of the ECB.
Other countries embrace bitcoin
While Poland and the ECB remain skeptical, other countries such as Germany, the Czech Republic and Hong Kong take a different path. El Salvador has already done Bitcoin a legal means of payment, while Bhutan also holds Bitcoin in his reserves.
The US government and various states have proposed a Bitcoin Reserve Fund, in which President Trump signed an executive order to set up a national digital assets supply.
