Swiss National Bank Shuns Bitcoin Amid Ongoing Debate

Latest market data shows that the Swiss National Bank (SNB) has decided once again not to include Bitcoin (BTC) in its reserves, despite rising pressure from supporters of digital assets. SNB Upholds its Cautions on Bitcoin (BTC) In a recent event, SNB President Martin Schlegel clarified that Bitcoin would not be added to the bank’s list of reserve assets. He pointed out that although sometimes liquid, Bitcoin can quickly lose that liquidity during financial crises. The president stressed that the bank’s reserves must always be reliable and ready for use, especially when buying and selling foreign currencies. Furthermore, the national bank president explained that Bitcoin’s well-known price swings made it unsuitable for the bank’s needs. Schlegel stated that stability is critical for any asset to be worthy of national reserve inclusion. However, Bitcoin’s extreme volatility could put the strength of the SNB’s reserve position at risk. He also highlighted the security concerns tied to cryptocurrencies, including risks from software bugs and data breaches. Despite growing public interest in Bitcoin (BTC), the SNB intends to keep its traditional, low-risk strategy for now. Unlike the Swiss National Bank, the United States recently established a national crypto reserve , placing Bitcoin, the largest cryptocurrency, at the center of this innovation. Bitcoin Initiative Argues for National Reserve Reacting to the update, the Bitcoin Initiative, a group pushing for the SNB’s adoption of Bitcoin, argued that Bitcoin could have greatly boosted the bank’s returns. According to the initiative’s rough estimate, adding 1% Bitcoin to the Swiss national bank reserve could have nearly doubled gains since 2015, with only a slight increase in risk. The group emphasized that BTC remained available for transactions even during public holidays and market stress. They also mentioned that Bitcoin’s behavior should be judged alongside other assets in the portfolio, not on its own. Still, the group opined that adding Bitcoin to the national reserve could help overcome the uncertainty caused by Trump’s tariffs. Referendum Push for Bitcoin Inclusion It is worth stating that despite the growing movement, Schlegel remains unmoved. He remains keen on the fact that Bitcoin’s volatile nature is the main reason it can not be included in the reserve. Facing opposition from the SNB leadership, the Bitcoin Initiative has moved to launch a referendum campaign. The aim is to change the Swiss Constitution to require the SNB to hold reserves in both Bitcoin and gold. However, Schlegel remains firm, insisting that the SNB’s priority must be liquidity, security, and stability. In related news, Arizona is on the brink of establishing one of the first state-backed crypto reserve funds in the U.S. The post Swiss National Bank Shuns Bitcoin Amid Ongoing Debate appeared first on TheCoinrise.com .

Source: The Coin Rise