Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 103708
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.74%
Bitcoin Share
BitcoinSistemi 2025-04-26 06:14:08

Swiss National Bank President Makes Statement on Bitcoin (BTC) Following Heavy Demand

Swiss National Bank President Makes Statement on Bitcoin (BTC) Following Heavy Demand

Martin Schlegel, President of the Swiss National Bank (SNB), has categorically rejected suggestions that the central bank should hold Bitcoin in its reserves, stating that cryptocurrencies do not meet the institution’s reserve asset standards. Speaking at the SNB’s annual shareholders’ meeting in Bern, Schlegel cited growing pressure from crypto advocates who argue the central bank needs to diversify its reserves in light of growing global economic uncertainty. The move has gained momentum since U.S. President Donald Trump imposed new tariffs that critics say could destabilize international markets. The movement is launching a referendum initiative aimed at amending the Swiss constitution to make it mandatory for the SNB to hold Bitcoin alongside gold as part of its official reserves. The initiative is being led by the Bitcoin Initiative, a group founded by Luzius Meisser, a prominent figure in the Swiss crypto community. Related News: Critical Number Revealed for Bitcoin: Miners Start Losing Money If BTC Falls Below This Number Despite this momentum, Schlegel remained steadfast. “Cryptocurrencies are not currently fulfilling the requirements for our foreign exchange reserves,” he said. He emphasized the need for the central bank to reliably buy and sell assets, raising concerns about market liquidity. Schlegel also pointed to the extreme volatility of cryptocurrencies, describing their value swings as “very, very high,” casting doubt on their role as stable reserve assets. Addressing shareholders earlier in the meeting, Meisser argued that Bitcoin offers strategic value in a changing geopolitical environment. “I must admit that it may not be very valuable in the scenarios that most of you consider normal,” he said, adding, “But Bitcoin will be very valuable in the specific scenario of a multipolar world order where reliance on sovereign debt is decreasing.” *This is not investment advice. Continue Reading: Swiss National Bank President Makes Statement on Bitcoin (BTC) Following Heavy Demand

Most Read News

Moralis Money
Market Cap
24h Vol
63.74%
Bitcoin Share
99
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.