Swiss central bank president rejects Bitcoin as reserve asset due to concerns

From Cointelegraph
March 1, 2025 6:28:54 PM:

Swiss National Bank President Martin Schlegel rejects proposal to make Bitcoin a reserve asset in Switzerland due to stability, liquidity, and security concerns. Schlegel cites volatility and software vulnerabilities as key factors. Despite $3 trillion market value, he views crypto as niche. Proposal requires 100,000 signatures for public referendum by June 2026.

Switzerland, a leading country for Bitcoin adoption, faces debate over Bitcoin reserve assets. Schlegel criticizes Bitcoin’s lack of stability, liquidity, and security, dismissing it as a niche market. Despite global interest in Bitcoin reserves, various countries like Czech Republic and Poland have ruled out Bitcoin as a reserve asset. El Salvador has added Bitcoin to its treasury.

Read more at Cointelegraph: Bitcoin isn’t a worthy reserve asset, Swiss central bank president says: Report