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At the Swiss National Bank’s (SNB) 117th General Assembly, Bitcoin advocate Luzius Meisser pushed for the SNB to invest in Bitcoin as part of its reserves. The proposal, part of a broader ‘Bitcoin Initiative,’ seeks to amend Switzerland’s constitution to include Bitcoin alongside gold reserves. SNB President Martin Schlegel dismissed the idea, citing volatility and liquidity concerns.
- Luzius Meisser argues Bitcoin's resilience and hedge against dollar crises make it a strategic reserve asset for the SNB.
- The 'Bitcoin Initiative' proposes constitutional changes to mandate Bitcoin holdings, with a signature collection deadline set for June 2026.
- SNB's rejection of Bitcoin over volatility and liquidity concerns is challenged by data showing comparable liquidity to German bonds and minimal impact on portfolio risk.
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