Poland’s central bank has already made the point that Bitcoin would not be part of the country’s financial reserves. However, the National Bank of Poland (NBP) is convinced that Bitcoin is too risky and unstable to be added to the list of the nation’s assets.
At a press conference, NBP President Adam Glapiński announced that this decision was taken as Poland’s reserves have to be “absolutely secure.” Bitcoin is too unpredictable and does not meet the standards needed for a stable financial system, he said. Poland will not hold any reserve asset called Bitcoin or any such coin.
Why Poland Says No to Bitcoin
Bitcoin is something that the NBP has always been cautious about. The bank had warned as early as 2017 that cryptocurrencies could be risky because of theft, no guarantees and extreme price fluctuations. In Poland’s eyes, Bitcoin is not backed by any central authority, and so is unreliable.
Although Poland rejected Bitcoin, its financial reserves gained. Total reserves of the country amounted to EUR 217.1 billion as of January 2025, which is 22.1% more compared to the previous year. This proves that the NBP’s cautious financial strategy is working, the nation’s central bank said.
Could Poland Change Its Mind?
At this moment, NBP has no plans to accept Bitcoin, although there may be reconsideration after the presidential elections scheduled for May 2025. Sławomir Mentzen is one candidate who wants to turn Poland into the center of digital assets and supports cryptocurrencies. Poland’s position on Bitcoin may change if he wins.
While other countries consider the possibilities of Bitcoin, such as the U.S. or Germany, or Czech Republic, Poland will further stick to traditional reserves for now.
The argument over Bitcoin in national reserves remains a subject of debate.
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