Swiss National Bank Rejects Bitcoin as Reserve Asset
Swiss National Bank (SNB) President Thomas Jordan stated that the bank will not hold Bitcoin in its reserves. Key points include:
- Bitcoin is considered too volatile for reserve asset criteria.
- The SNB does not see security and liquidity standards met by Bitcoin.
- While technically possible, the SNB finds no current need or benefit in purchasing Bitcoin.
- This reflects a cautious stance towards cryptocurrencies despite Switzerland's innovative financial reputation.