Advocates push for Bitcoin to be part of the Swiss National Bank’s reserves, arguing it could enhance sovereignty and profitability. The SNB, however, remains cautious due to liquidity and environmental concerns.
The Swiss National Bank (SNB) remains cautious about investing in Bitcoin, as highlighted by Chairman Thomas Jordan during the bank’s annual general meeting. Despite a campaign pushing for Bitcoin to be included in the SNB's currency reserves, Jordan cited concerns over Bitcoin’s energy consumption and the need for liquidity and sustainability in currency reserves.
The campaign, led by groups including Bitcoin Suisse, argues that holding Bitcoin could bolster Swiss sovereignty and neutrality while diversifying the SNB’s investments. Luzius Meisser of Bitcoin Suisse criticized the SNB's current investments in government bonds, suggesting that Bitcoin would be a more profitable and secure alternative.
The push for Bitcoin inclusion in the SNB's reserves may be headed for a referendum, reflecting the growing debate over the role of cryptocurrencies in national financial strategies. However, the SNB maintains that its reserves must be easily tradable and environmentally sustainable, considerations that currently weigh against Bitcoin.
