6:29 7 February 2025
rejects Bitcoin for reserves
The National Bank of Poland (NBP) has no plans to hold Bitcoin in its currency reserves, citing concerns over safety, according to NBP President and Monetary Policy Council Chairman Adam Glapiński.
“We will not consider Bitcoin under any circumstances, as reserves must be absolutely secure,” Glapiński stated at a press conference. Instead, the NBP maintains reserves primarily in gold, U.S. dollars, and euros, with other assets playing a minor role.
Glapiński highlighted the strategic timing of Poland’s gold purchases, which have significantly increased in value amid global uncertainty. He contrasted this with Bitcoin, noting its volatility and unpredictability.
As of December 2024, Poland’s official reserve assets stood at EUR 214.19 billion, a 22.1% increase year-over-year. The NBP’s approach reflects its commitment to financial stability and risk management in an uncertain global economy.
