Bitcoin Not Welcome: Poland’s Central Bank Rules Out Crypto Reserves

Even as digital assets become more mainstream, NBP Governor Adam Glapiński isn’t convinced. He argues that financial reserves must be built on absolute security—something he believes Bitcoin and other cryptocurrencies simply don’t provide.

Poland is playing it safe when it comes to global economic uncertainty, with Glapiński emphasizing the country’s commitment to financial stability.

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He made it clear that Poland’s reserves will only include traditional assets—gold, U.S. dollars, and euros, sticking to time-tested financial instruments. Interestingly, gold prices have recently hit historic highs, possibly driven by global economic shifts, including the aftershocks of Donald Trump’s trade wars.

Poland’s reserves hit €214.19 billion by the close of 2024, a 22.1% jump from the previous year—proof that the country’s financial management remains steady, if not outright successful.

Meanwhile, Czech National Bank Governor Aleš Michl made waves by proposing Bitcoin as a reserve asset, a move that NBP Governor Adam Glapiński firmly opposes. Their views couldn’t be more different.

While other nations flirt with crypto, Poland stands its ground, dismissing Bitcoin as a volatile asset unfit for national reserves. The NBP’s conservative stance, backed by rigorous risk analysis, signals the country’s determination to shield its economy from the unpredictable tides of digital finance.

Read on: Tether Holds Its Ground Despite Regulatory Shifts