Copy
Share

[Polish Central Bank: Will Not Purchase Bitcoin "Under Any Circumstances"] February 11Th, Adam Glapiński, President Of The National Bank Of Poland (Nbp), Stated That The Central Bank "In Any Case" Would Not Consider Including Bitcoin In Its Reserves. During A Press Conference, Glapiński Said That The Nbp Would Only Consider Including It In Reserves If The Asset Is "Absolutely Safe."He Compared Bitcoin To Gold, Believing That Gold Is More Stable In Value, Helping The Bank'S Reserves Grow By 22% Last Year. However, Glapiński Did Not Completely Dismiss The Value Of Cryptocurrency, Noting, "There Are Many Aspects Of Bitcoin Worth Discussing." But He Emphasized That The Nbp Believes Bitcoin Cannot Become A "Long-Term, Secure Component" Of Its Reserves."You Can Buy A Lot, You Can Also Earn A Lot, But You Can Also Lose A Lot," He Added. "However, We Are More Inclined To Choose Assets With Certainty." This Cautious Attitude Is Not Surprising, Especially For Advocacy Organizations Supporting Central Banks Holding Btc Reserves.Matthew Pines, National Security Researcher At The Bitcoin Policy Institute, Stated That Central Banks Are Fundamentally Conservative Institutions. "The Legal Functions Of Central Banks Are Usually Very Limited, Mainly Focusing On Maintaining Price Stability, Full Employment, And Financial Stability," He Said. "In Addition, Central Banks Generally View Currency As The Core Of National Sovereignty And Strictly Control The Monopoly On The Issuance Of Legal Tender Granted By The State."

View More