Advocates Push for Bitcoin in Swiss National Reserves
Legislative Proposal Gains Momentum
A group of cryptocurrency advocates in Switzerland has proposed a groundbreaking initiative: obligating the Swiss National Bank (SNB) to hold a Bitcoin reserve in Swiss National Reserves. The Swiss Federal Chancellery has approved the proposal, giving proponents 18 months—until June 30, 2026—to gather 100,000 signatures needed to trigger a national referendum. It follow Europeean recent says concerning Cryptos as a strategic reserve
Potential Impact on Swiss Policy
If successful, the initiative would require the SNB to allocate portions of its reserves to both gold and Bitcoin, with constitutional amendments ensuring the mandate’s enforcement. With Switzerland’s population under 9 million, just over 1% of citizens must back the proposal to move it forward.
Switzerland’s Crypto-Friendly Landscape
Lugano: The Bitcoin Capital of Europe
The city of Lugano has embraced Bitcoin as a payment method, with over 250 vendors accepting cryptocurrency since 2023. Lugano’s success highlights Switzerland’s broader openness to crypto adoption and innovation.
Swiss Banks Leading the Charge
Major Swiss financial institutions are delving into cryptocurrencies:
- Zürcher Kantonalbank (ZKB): Offers investment opportunities in Bitcoin and Ether.
- SIX Group: Exploring the launch of a cryptocurrency exchange, which could reshape Europe’s crypto ecosystem.
Swiss National Reserves : Risks and Rewards of Cryptocurrency Investment
While the potential returns of cryptocurrencies like Bitcoin are substantial, their volatility requires caution. Investors must align their financial goals with their risk tolerance, avoiding overexposure to this unpredictable market.
The Path Forward
Switzerland’s initiative reflects its proactive stance on cryptocurrency innovation. If the Bitcoin reserve proposal succeeds, it could solidify Switzerland’s position as a leader in the global crypto space, inspiring similar moves in other nations.
