Poland’s central bank, the National Bank of Poland (NBP), has decided not to include Bitcoin (BTC) in its reserves due to concerns about security, volatility, and financial stability.
NBP’s View on Bitcoin
NBP President Adam Glapiński stressed that the bank’s reserves must be safe and stable. At a recent press conference, he stated:
“We will not consider Bitcoin under any circumstances, as reserves must be absolutely secure.”
Glapiński highlighted that Bitcoin’s unstable price makes it unsuitable for Poland’s long-term economic strategy.
Poland’s Reserve Policy for Now
Currently, Poland’s reserves mainly consist of:
- Gold
- U.S. Dollars
- Euros
The NBP believes these assets provide reliability, especially during uncertain economic times. Gold, in particular, has been a key investment due to its rising value.
NBP’s Concerns About Bitcoin
Since 2017, Poland’s central bank has warned against Bitcoin, citing:
- Risk of theft
- Lack of government regulation
- High price fluctuations
The NBP maintains that cryptocurrencies are not backed by any central authority and do not qualify as legal currency.
Poland’s Expanding Reserves
As of January 2025, Poland’s official reserves reached EUR 217.1 billion (USD 225.4 billion), a 22.1% increase from the previous year.
Despite criticism from the crypto community, the NBP continues to favor traditional assets over digital currencies to ensure economic stability.
