Swiss Campaign Urges SNB to Include Bitcoin in Reserves
The post Swiss Campaign Urges SNB to Include Bitcoin in Reserves appeared on BitcoinEthereumNews.com. Swiss campaigners push for Bitcoin in SNB reserves to hedge against inflation risks. SNB holds 75% reserves in USD and EUR as crypto campaign seeks 1–2% allocation to Bitcoin. 11% of Swiss citizens invest in crypto, highlighting growing blockchain adoption. Cryptocurrency advocates in Switzerland have stepped up to persuade the Swiss National Bank (SNB) to hold Bitcoin in its foreign reserves. The campaign introduced in December 2024 seeks a constitutional amendment that would require the SNB to hold Bitcoin alongside gold. Luzius Meisser, a board member of Bitcoin Suisse, a cryptocurrency broker and a leading voice in the campaign, stresses that Bitcoin protects against inflation from government debt spending. He pointed out that Switzerland maintains its foreign reserves portfolio mainly in U.S. dollars and euros, exposing it to geopolitical risks and monetary policy changes. Supporters of the initiative highlight Switzerland’s emerging role as a center for blockchain innovation, citing developments such as Ethereum’s origins in Zug, now widely known as “Crypto Valley.” According to a study by Lucerne University of Applied Sciences and Arts, approximately 11% of Switzerland’s population holds cryptocurrency assets. SNB Skepticism and Growing Environmental Protests While the campaign progresses, the Swiss National Bank cautiously approaches cryptocurrency adoption. During his address, Chairman Martin Schlegel expressed the institution’s concerns about Bitcoin, including price volatility, software vulnerabilities, and unstable liquidity. Schlegel stated during his interview with Tages-Anzeiger in March that the software of cryptocurrencies exposes them to possible system weaknesses and cyber threats. Related: Japan Urged to Adopt National Bitcoin Strategy to Stay Ahead in Global Finance Meanwhile, environmental issues imposed additional pressure on the SNB during its meeting. Members of Climate Alliance Switzerland protested outside the meeting to demand that the central bank withdraw from financing businesses that contribute to environmental damage. The protest focused on firms that University…
The post Swiss Campaign Urges SNB to Include Bitcoin in Reserves appeared on BitcoinEthereumNews.com.
Swiss campaigners push for Bitcoin in SNB reserves to hedge against inflation risks. SNB holds 75% reserves in USD and EUR as crypto campaign seeks 1–2% allocation to Bitcoin. 11% of Swiss citizens invest in crypto, highlighting growing blockchain adoption. Cryptocurrency advocates in Switzerland have stepped up to persuade the Swiss National Bank (SNB) to hold Bitcoin in its foreign reserves. The campaign introduced in December 2024 seeks a constitutional amendment that would require the SNB to hold Bitcoin alongside gold. Luzius Meisser, a board member of Bitcoin Suisse, a cryptocurrency broker and a leading voice in the campaign, stresses that Bitcoin protects against inflation from government debt spending. He pointed out that Switzerland maintains its foreign reserves portfolio mainly in U.S. dollars and euros, exposing it to geopolitical risks and monetary policy changes. Supporters of the initiative highlight Switzerland’s emerging role as a center for blockchain innovation, citing developments such as Ethereum’s origins in Zug, now widely known as “Crypto Valley.” According to a study by Lucerne University of Applied Sciences and Arts, approximately 11% of Switzerland’s population holds cryptocurrency assets. SNB Skepticism and Growing Environmental Protests While the campaign progresses, the Swiss National Bank cautiously approaches cryptocurrency adoption. During his address, Chairman Martin Schlegel expressed the institution’s concerns about Bitcoin, including price volatility, software vulnerabilities, and unstable liquidity. Schlegel stated during his interview with Tages-Anzeiger in March that the software of cryptocurrencies exposes them to possible system weaknesses and cyber threats. Related: Japan Urged to Adopt National Bitcoin Strategy to Stay Ahead in Global Finance Meanwhile, environmental issues imposed additional pressure on the SNB during its meeting. Members of Climate Alliance Switzerland protested outside the meeting to demand that the central bank withdraw from financing businesses that contribute to environmental damage. The protest focused on firms that University…
What's Your Reaction?
