The National Bank of Poland (NBP) asserts that it will never buy Bitcoin as a reserve asset, under any circumstances. This decision was announced by NBP Chairman Adam Glapiński at a recent press conference, emphasizing that they prioritize safety and stability over investing in volatile assets like Bitcoin.

Why Did Poland Reject Bitcoin?

Mr. Adam Glapiński explains:

  • To be included in the reserve portfolio, an asset must be completely safe.

  • He compares Bitcoin to gold, stating that gold has helped Poland's reserves increase by 22% in value over the past year, while $BTC is highly volatile and unreliable.

  • Glapiński acknowledges that Bitcoin has significant potential but asserts that it cannot be a long-term safe asset in the bank's reserve portfolio.

Comparison With Other Countries

The decision of #BaLan contrasts with the move of the Czech Central Bank, which has just approved a proposal to explore the possibility of investing in Bitcoin. However, this move also faced mixed reactions in the Czech Republic, as Finance Minister Zbyněk Stanjura advised against including Bitcoin in the national reserves.

While Europe is still debating, the US is actively researching the possibility of reserves #bitcoin :

  • President Donald Trump established a task force on Bitcoin reserves immediately after taking office.

  • Nearly 1/3 of the states in the US are considering legislation allowing Bitcoin reserves, including Utah, which is getting closer to a bill on Blockchain and digital innovation.

Conclusion: Bitcoin Remains a Controversial Topic

Poland's decision reflects the heightened caution of central banks in Europe. However, the increasing number of countries beginning to consider Bitcoin in national reserves is a sign of a shift in the global perception of crypto.

Can Bitcoin conquer the most conservative central banks? The answer remains uncertain, but this journey is sure to be full of drama and surprises! 🚀 #anhbacong