More and more countries are taking a stance on Bitcoin (BTC). While El Salvador and Bhutan have already incorporated the digital currency into their national reserves, other nations remain cautious. The National Bank of Poland (NBP) – Polish Central Bank – is among them, making it clear that Bitcoin will not be part of the country’s reserves.

Polish Central Bank Rejects Bitcoin

The National Bank of Poland (NBP) has taken a firm stance on Bitcoin—it will not be included in national reserves, period.

NBP President Adam Glapiński left no room for speculation, stating that under no circumstances does Bitcoin offer any benefit to the country’s reserves.

“An asset must be absolutely secure to be included in our reserves,” Glapiński emphasized during a press conference.

For the Polish central bank, security takes priority over potential returns.

Bitcoin vs. Gold as a Monetary Reserve

Glapiński stressed that Bitcoin lacks the stability and security required for monetary reserves. As an example, he pointed to gold, which increased the value of Poland’s reserves by 22% last year.

While he acknowledged that Bitcoin is widely discussed, he made it clear that it “cannot be a permanent, secure element” in the central bank’s policy.

It is no surprise that central banks remain hesitant. They traditionally operate with caution, focusing on their core responsibilities:

Price stability
Employment
Financial security

Additionally, governments view currency as a state-controlled matter and are reluctant to recognize Bitcoin as part of their reserves. To them, digital gold remains too unpredictable.

The U.S. Views Bitcoin as a Strategic Reserve

Poland’s rejection of Bitcoin stands in contrast to the developments in the United States.

The idea of Bitcoin as a strategic reserve is gaining traction in the U.S. President Donald Trump has established a task force to explore the possibilities, and several U.S. states are considering legislation to officially include Bitcoin in their reserves.

While Poland is hitting the brakes, the U.S. seems to be stepping on the gas.

Author
Recent Posts

Madeline

I have been drawn to technology and science fiction since I was a child. Studying IT has drawn me to the world of cryptocurrencies, where I have been working since 2014. I have learned a lot since then. And I still have a lot to learn. What fascinates me most about them is that they connect so many worlds together and the possibility of free choice. Without limits.