President of the National Bank of Poland (NBP) and Chairman of the Monetary Policy Council Adam Hlapinski saidthat the central bank does not plan to include bitcoin in its foreign exchange reserves due to security concerns.
"The NBP is not considering storing reserves in bitcoins under any circumstances," he declared.
According to him, he also discussed the issue of creating bitcoin reserves with representatives of the Czech National Bank, but Hlapinsky himself does not support this idea.
Instead, the NBP focuses on storing gold, US dollars and euros, with a small share of other assets, the central bank governor emphasized.
The Czech National Bank previously said it was considering creating a Bitcoin reserve to diversify its assets, although the volatility of the first cryptocurrency requires careful analysis. The central bank could allocate 5% of its existing asset reserve for this purpose.
The head of the Polish Central Bank drew attention to the fact that Poland's strategic purchase of gold came at a timely moment, as its value has increased significantly in conditions of global uncertainty, unlike Bitcoin, which, in his opinion, is characterized by volatility and unpredictability.
It should be noted that while the National Bank of Poland criticizes the idea of creating a bitcoin reserve, the country's presidential candidate Slawomir Menzen aims to introduce a similar initiative if he wins the elections to be held in May 2025.
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