{"id":48507,"date":"2025-03-04T06:59:02","date_gmt":"2025-03-04T06:59:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/swiss-national-bank-president-rejects-bitcoin-as-a-reserve-asset\/"},"modified":"2025-03-04T06:59:02","modified_gmt":"2025-03-04T06:59:02","slug":"swiss-national-bank-president-rejects-bitcoin-as-a-reserve-asset","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/swiss-national-bank-president-rejects-bitcoin-as-a-reserve-asset\/","title":{"rendered":"Swiss National Bank President Rejects Bitcoin as a Reserve Asset"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

The inclusion of Bitcoin (BTC)<\/a> in the country\u2019s reserve assets has raised grave worries, according to Martin Schlegel, head of the Swiss National Bank (SNB). In a recent SwissInfo report, Schlegel noted concerns over volatility, liquidity, and security as reasons why Bitcoin does not meet the bank\u2019s standards for a sound reserve currency.<\/p>\n

Schlegel asserts that cryptocurrencies like Bitcoin are unsuitable for long-term investment plans due to their high volatility. He also said that digital assets lack the liquidity required for reserve holdings and voiced concerns about potential flaws in blockchain networks. He issued a warning that software flaws or \u201cweak points\u201d could expose crypto-based assets to security lapses.<\/p>\n

Bitcoin Initiative Faces Opposition<\/h2>\n

The idea of incorporating Bitcoin into Switzerland\u2019s reserve assets first surfaced in December 2023. A proposal titled \u201cFor a financially strong, sovereign and responsible Switzerland (Bitcoin Initiative)\u201d<\/em> suggested that the SNB should allocate a portion of its earnings toward BTC and gold reserves. The initiative aimed to strengthen the country\u2019s financial sovereignty and economic resilience.<\/p>\n

Despite the proposal, Schlegel remains unconvinced. He emphasized that the overall market capitalization of digital assets, estimated at $3.08 trillion, remains relatively small in the global financial landscape. He also reassured that the Swiss franc remains strong compared to other currencies, stating that the SNB is \u201cnot afraid of competition from cryptocurrencies.\u201d<\/p>\n

While Switzerland has been a hub for blockchain innovation, the SNB\u2019s stance reflects a cautious approach to crypto adoption at the national level.<\/p>\n

\n
\n
\n
\n
\n
Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) The inclusion of Bitcoin (BTC) in the country\u2019s reserve assets has raised grave worries, according to Martin Schlegel, head of the Swiss National Bank (SNB). In a recent SwissInfo report, Schlegel noted concerns over volatility, liquidity, and security as reasons why Bitcoin does not meet the […]<\/p>\n","protected":false},"author":34,"featured_media":48508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48507"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=48507"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/48508"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=48507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=48507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=48507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}