{"id":830649,"date":"2025-03-01T08:11:58","date_gmt":"2025-03-01T14:11:58","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/01\/swiss-national-bank-rejects-bitcoin-in-reserves-heres-why\/"},"modified":"2025-03-01T08:11:58","modified_gmt":"2025-03-01T14:11:58","slug":"swiss-national-bank-rejects-bitcoin-in-reserves-heres-why","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/01\/swiss-national-bank-rejects-bitcoin-in-reserves-heres-why\/","title":{"rendered":"Swiss National Bank Rejects Bitcoin In Reserves \u2013 Here\u2019s Why"},"content":{"rendered":"<div role=\"main\" id=\"main-content-row\">\n<article id=\"the-post\" data-post-url=\"https:\/\/coinpedia.org\/news\/swiss-national-bank-rejects-bitcoin-in-reserves-heres-why\/\" data-post-title=\"Bitcoin Not Fit for Swiss National Bank Reserves, Says President\" data-post-edit=\"https:\/\/coinpedia.org\/wp-admin\/post.php?post=426451&#038;action=edit\">\n<div>\n<figure><img width=\"1200\" height=\"628\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2025\/03\/01191258\/Bitcoin-Not-Fit-for-Swiss-National-Bank-Reserves-Says-PresidentBitcoin-Not-Fit-for-Swiss-National-Bank-Reserves-Says-President.webp\" alt=\"Bitcoin Not Fit for Swiss National Bank Reserves, Says PresidentBitcoin Not Fit for Swiss National Bank Reserves, Says President\" data-main-img=\"1\" decoding=\"async\" fetchpriority=\"high\"  ><\/figure>\n<\/div>\n<div>\n<p>The <a href=\"https:\/\/www.swissinfo.ch\/eng\/banking-fintech\/swiss-central-bank-chief-rejects-holding-bitcoin-in-reserves\/88947727\" target=\"_blank\" rel=\"noreferrer noopener\">Swiss National Bank (SNB)<\/a> has made its stance on Bitcoin crystal clear\u2014it\u2019s not interested. Despite growing global adoption and a push from Swiss crypto advocates, SNB President Martin Schlegel has firmly rejected the idea of adding Bitcoin to the bank\u2019s reserves. In a recent interview, he explained why digital assets don\u2019t make the cut, pointing to volatility, liquidity concerns, and security risks.<\/p>\n<p>What\u2019s next?<\/p>\n<h2 id=\"h-why-the-snb-won-t-hold-bitcoin\">Why the SNB Won\u2019t Hold Bitcoin<\/h2>\n<p>Schlegel gave three main reasons why cryptocurrencies don\u2019t meet the standards of a reliable reserve asset:<\/p>\n<ul>\n<li><strong>High Volatility<\/strong> \u2013 Cryptocurrencies are extremely unpredictable, making them unreliable for storing long-term value.<\/li>\n<li><strong>Liquidity Concerns<\/strong> \u2013 The SNB\u2019s reserves must be easy to access and use quickly when needed for monetary policy. Cryptocurrencies don\u2019t offer that level of liquidity.<\/li>\n<li><strong>Security Risks<\/strong> \u2013 Since digital assets rely on software, they are vulnerable to bugs and cyber threats, making them riskier than traditional reserves.<\/li>\n<\/ul>\n<h2 id=\"h-schlegel-disses-crypto-s-role\">Schlegel Disses Crypto\u2019s Role<\/h2>\n<p>Schlegel also said that managing cryptocurrencies is not part of the SNB\u2019s role, noting that the total market value of all digital assets\u2014around CHF 2,000 billion\u2014is still small compared to the global financial system. He called crypto a \u201cniche phenomenon\u201d, suggesting it is not a major financial force.<\/p>\n<p>When asked whether cryptocurrencies could compete with traditional currencies, Schlegel acknowledged that currencies have always competed. However, he emphasized that the Swiss franc remains in high demand, and the SNB is not concerned about competition from digital assets.<\/p>\n<h2 id=\"h-a-push-to-bring-bitcoin-to-the-snb\">A Push to Bring Bitcoin to the SNB<\/h2>\n<p>Despite Schlegel\u2019s rejection, a proposal launched last December aims to make the SNB invest in Bitcoin. The <strong>\u201cBitcoin Initiative\u201d<\/strong> has 18 months to collect 100,000 signatures to qualify for a public vote.<\/p>\n<p>The initiative proposes that the SNB should invest some of its earnings in assets like gold and Bitcoin, though it does not specify how much Bitcoin should be held. The movement is supported by internet pioneer Yves Benna\u00efm and other Swiss crypto advocates, who hope to spark public debate on Switzerland\u2019s approach to digital assets.<\/p>\n<p><strong>While the SNB sees Bitcoin as too volatile and risky, its supporters believe it\u2019s the future of finance. Who will win? <\/strong><\/p>\n<\/div>\n<div>\n<h2>We&#8217;d Love to Hear Your Thoughts on This Article!<\/h2>\n<div>\n<h4>Was this writing helpful?<\/h4>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/coinpedia.org\/news\/swiss-national-bank-rejects-bitcoin-in-reserves-heres-why\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Nidhi Kolhapur<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Swiss National Bank (SNB) has made its stance on Bitcoin crystal clear\u2014it\u2019s not interested. Despite growing global adoption and a push from Swiss crypto advocates, SNB President Martin Schlegel has firmly rejected the idea of adding Bitcoin to the bank\u2019s reserves. In a recent interview, he explained why digital assets don\u2019t make the cut<\/p>\n","protected":false},"author":1,"featured_media":830650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3574,26485],"tags":[],"class_list":{"0":"post-830649","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national","8":"category-swiss"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/830649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=830649"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/830649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/830650"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=830649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=830649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=830649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}