PANews reported on April 25 that according to Reuters, cryptocurrency advocates are increasing their calls for the Swiss National Bank to buy Bitcoin, saying that the global turmoil caused by Trump's tariff policy highlights the urgency of diversifying the central bank's foreign exchange reserves. In December last year, supporters launched a referendum initiative to amend the constitution to require the Swiss National Bank (SNB) to include Bitcoin in its reserve assets, alongside gold. Bitcoin Suisse board member Luzius Meisser pointed out that Bitcoin can be used as a hedging tool as the influence of the US dollar and the euro has declined under the trend of global multipolarization. He will emphasize at the SNB shareholders' meeting on Friday that 75% of the central bank's foreign exchange reserves are concentrated in the US dollar and the euro, which are vulnerable to political intervention (such as printing money financing), while Bitcoin "cannot be artificially inflated through fiscal deficits" and has decentralized risk-resistant value. The organizer of the initiative, Yves Bennaim, added that he does not advocate full positions in Bitcoin, but if the Swiss National Bank has trillions of Swiss francs in reserves, allocating 1%-2% to this inflation-resistant, highly secure and in-demand asset can both diversify risks and enhance the long-term value of reserves.
Crypto Advocates Call on Swiss National Bank to Add Bitcoin to Reserve Assets
- 2025-05-10
Bitcoin's biggest promoter, financial empire BlackRock's crypto ambitions
- 2025-05-10
Professional MMA Athlete Conor McGregor Advocates for Bitcoin Reserve Strategy in Ireland
- 2025-05-10
Mining company TeraWulf reported a net loss of $61.4 million in the first quarter, with operating costs accounting for 71.4% of revenue
- 2025-05-10
US Vice President JD Vance will attend Bitcoin 2025 Summit and deliver a speech
- 2025-05-10
Luxurious investment group, strong support from SUI, everything you need to know about IKA
- 2025-05-10
Coinbase CEO: I considered adopting Michael Saylor’s Bitcoin buying strategy, but the risk was too great so I gave up