Poland’s central bank firmly rejects Bitcoin in its reserves, citing security and stability concerns. NBP President Adam Glapiński emphasized that reserve assets must be fully secure, reaffirming the bank’s stance. He stressed that Bitcoin’s volatility makes it unsuitable for Poland’s financial stability and long-term economic strategy.
Glapiński stated at a recent press conference, “We will not consider Bitcoin under any circumstances, as reserves must be absolutely secure,” according to the Warsaw Business Journal. He pointed out that Poland’s reserves must remain stable and reliable, qualities that Bitcoin’s unpredictable nature does not offer.
Poland’s central bank maintains reserves chiefly in gold, U.S. dollars and euros, while all other assets constitute a minor role. NBP President Adam Glapiński argued that Poland had seized the right time to purchase gold, whose value continues to rise, particularly in times of economic uncertainty.
The bank’s wariness of Bitcoin is not new, the bank issued warnings back in 2017 of risks including theft, lack of guarantees, and volatility. It reiterated that cryptocurrencies are not backed by any central authority and do not qualify as legal tender.
As of January 2025, Poland’s official reserves had grown to EUR 217.1 billion (USD 225.4 billion), reflecting a 22.1% increase compared to the previous year. While some in the crypto community have criticized the NBP’s rejection of Bitcoin, the bank insists that its approach is part of a broader risk management strategy.
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