National Bank of Poland Rejects Bitcoin Reserves Plan as Global Adoption Rises
Although countries such as the United States, Germany and the Czech Republic have explored increasing bitcoin to their national reserves, the central bank of Poland firmly rejected the idea. Adam Glapiński, President of the National Bank of Poland (NBP), believes that Bitcoin is too risky and unstable, so “we will not consider Bitcoin under any circumstances” and cannot be part of its financial strategy.
NBP rejects Bitcoin reserve plan
NBP President Adam Grapinski at a recent press conference Confirmation of the central bank in Poland Bitcoin will not be considered as a reserve asset. He pointed out that Poland’s reserves must be “absolutely secure” and that Bitcoin does not meet these standards.
“In no case, we will consider Bitcoin,” Grapinski said. “The reserves must be safe, stable and permanent, and Bitcoin is not.”
Instead, Poland will continue to accumulate assets such as gold, US dollar and euro to ensure a more traditional and reliable reserve strategy.
according to NBP dataPoland’s reserves have reached 214.19 billion euros, an increase of 22.1% over the previous year. This growth reflects the country’s commitment to financial stability and risk management in an unpredictable global economy.
Can Poland change its position?
Despite the NBP’s strong rejection, Poland’s stance on Bitcoin could change after the upcoming presidential election in May 2025.
A candidate Sławomir Mentzen has Expressing pro-Claputo’s point of view And aims to make Poland a “cryptocurrency haven”. If elected, his administration may push for different approaches to digital assets.
ECB also rejects Bitcoin for reserves
Poland is not alone. The European Central Bank (ECB) led by President Christine Lagarde, Rejected, too Bitcoin as a reserve asset plan. Lagarde said the reserves must be liquid, safe, and there is no risk associated with illegal activities – Bitcoin cannot meet from the ECB’s perspective.
Other countries embrace Bitcoin
While Poland and the ECB remain skeptical, other countries such as Germany, the Czech Republic and Hong Kong are taking different paths. El Salvador has made legal tenders for Bitcoin, and Bhutan also holds reserves for Bitcoin.
The U.S. government and several states have proposed a Bitcoin reserve fund, and President Trump has signed an executive order to build national digital asset inventory.
