- Poland’s National Bank (NBP) rules out Bitcoin in national reserves, citing security and stability.
- NBP’s decision aligns with Europe’s broader rejection of cryptocurrencies as reserve assets.
- The May 2025 election could shift Poland’s stance, with a pro-crypto candidate advocating for Bitcoin reserves.
Poland’s National Bank (NBP) has ruled out adding Bitcoin (BTC) to its national reserves, preferring financial security and stability over cryptocurrency investments.
During a press conference yesterday, NBP President and Chairman of the Monetary Policy Committee Adam Glapiński reaffirmed this stance, stating, “We will not consider Bitcoin because reserve must be absolutely secure.”
Poland’s Conservative Approach: Gold and Traditional Assets
Meanwhile, Poland’s central bank continues focusing on traditional assets such as gold, U.S. dollars, and euros, avoiding the volatility of cryptocurrencies. The move aligns with the broader European stance, where central banks remain cautious about digital assets in their reserves.
Bitcoin’s price volatility and unpredictability are key reasons behind NBP’s rejection. While some nations explore digital assets as part of their financial strategies, Poland remains firm in keeping a low-risk reserve portfolio.
Related: Hong Kong Eyes Bitcoin Reserves, Stablecoin Push in Web3 Drive
According to NBP, Poland’s official reserve assets reached EUR 217.1 billion ($225.4 billion) as of January 2025, reflecting a 22.1% year-over-year increase. The central bank attributes this growth to its stable and strategic asset management.
A Potential Shift? Presidential Election and Crypto Policy
However, the upcoming May 2025 presidential election could bring a policy shift. Sławomir Mentzen, a candidate from the Confederation (Konfederacja) party, has pledged to make Poland a “cryptocurrency haven.” His plans include creating a Bitcoin reserve, a stark contrast to NBP’s current position.
Currently, Mentzen’s party holds 18 out of 460 seats in Poland’s parliament and has 12% support in recent polls. If elected, his administration could introduce pro-crypto policies that challenge the NBP’s conservative stance.
Europe’s Cautious Stance on Bitcoin Reserves vs. the US Approach
Poland’s decision aligns with European Central Bank (ECB) policy. ECB President Christine Lagarde recently reaffirmed that Bitcoin would not be included in central bank reserves, citing security and liquidity concerns.
Other European nations, including Romania and the Czech Republic, have taken similar positions. Czech National Bank Governor Aleš Michl initially considered Bitcoin as a reserve asset but later reversed course after discussions with Lagarde.
A Different View Across the Atlantic
While Europe rejects Bitcoin as a reserve asset, the United States is taking a different approach. Federal Reserve Chair Jerome Powell has clarified that banks can serve crypto clients, showing a more flexible stance.
Related: Germany’s Upcoming Election Could Impact Bitcoin and Crypto
Under Donald Trump’s presidency, the U.S. is exploring a national cryptocurrency stockpile and support for stablecoins pegged to the U.S. dollar. Recently, Maryland became the 17th state to file for a strategic Bitcoin reserve, showcasing growing interest in digital assets at the state level.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
