Swiss National Bank President opposes Bitcoin reserve proposal, what's the outcome of referendum initiative?

2025/04/28 06:37 (Updated 2025/05/12 16:03)
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Written by A.Yamada
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Swiss National Bank President opposes Bitcoin reserve proposal, what's the outcome of referendum initiative?

Will a BTC Reserve Referendum happen?

On the 25th, the president of the Swiss National Bank (central bank) expressed a negative view of the proposal to hold the cryptocurrency Bitcoin (BTC) as a reserve. Reuters and other news agencies reported.

This was said at the Swiss National Bank's shareholders' meeting. Mr. Schlegel said that it was inappropriate from the perspective of foreign exchange reserves.

Central banks must always be able to buy and sell foreign currencies, but virtual currencies generally have very large fluctuations in value on the market, and he said he doubts whether they can maintain their value as a foreign exchange reserve.

This comment was made at the same general meeting, when the Swiss government proposed to create a Bitcoin reserve...

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MAGAZINE

Iolite Vol.16

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