The head of the Polish central bank stated that Bitcoin is not an option for the country's reserves
Adam Glapiński, the head of the National Bank of Poland, stated that the country does not plan to include Bitcoin in its strategic reserves. The reason: Bitcoin is too volatile and unpredictable.
According to Glapiński, the central bank's reserves must be "absolutely safe". Currently, Poland mainly holds them in gold, dollars, and euros, preferring gold due to its price increase.
"Under no circumstances will we consider creating a reserve in Bitcoins. The state budget must be completely safe," said the head of the Polish central bank.
Earlier, the Polish central bank and the country's Financial Supervisory Authority had already warned about the risks associated with cryptocurrencies, such as the possibility of hacker attacks and a sharp decline in value.
Last year, Polish authorities even presented a draft law allowing the blocking of cryptocurrency accounts in case of suspicion of illegal activities.
In general, Poland takes a rather conservative position regarding cryptocurrencies, considering them not safe and stable enough for state reserves.
