Swiss National Bank Rejects Bitcoin as Reserve Asset Over Stability Concerns

The Swiss National Bank (SNB) has dismissed the idea of holding Bitcoin (BTC) as a reserve asset, citing stability, liquidity, and security risks.

SNB President Martin Schlegel reiterated that Bitcoin’s high volatility makes it unsuitable for the central bank’s monetary policy.

“Our reserves need to be highly liquid for quick use when needed. Bitcoin’s price swings and market fluctuations don’t align with our financial strategy,” Schlegel stated in a March 1 interview with Swiss media outlet Tamedia.

Additionally, he raised concerns over technical vulnerabilities, arguing that since Bitcoin is software-based, it remains susceptible to bugs and security flaws.

Crypto Advocates Push for Swiss Bitcoin Reserves

Schlegel’s stance opposes a proposal from Swiss Bitcoin think tank 2B4CH, which seeks to constitutionally mandate the SNB to hold Bitcoin.

The initiative, officially launched by the Swiss Federal Chancellery on December 31, 2024, requires 100,000 signatures by June 30, 2026, to qualify for a public referendum.

Despite this resistance, Switzerland remains a global Bitcoin hub, particularly in Lugano, which hosts the annual “Plan ₿” conference.

Global Bitcoin Reserve Trends

While Switzerland remains cautious, other nations have actively explored Bitcoin reserves:

✅ El Salvador has been accumulating Bitcoin since September 2021.
✅ The U.S., Czech Republic, and Hong Kong are considering Bitcoin-related policies.
✅ Poland recently ruled out adding Bitcoin to its reserves.
✅ Several U.S. states, including Ohio, Texas, and Kentucky, have introduced bills enabling crypto as a reserve asset.

Meanwhile, Bitcoin is trading at $86,000. Analysts suggest that if BTC breaks above $86,500, it could rally toward $88,000, while increased selling pressure might push it back to $84,000.