Switzerland’s SNB Refuses Bitcoin as Reserve Asset, Despite Referendum Push

The Swiss National Bank (SNB) has rejected plans to incorporate Bitcoin into its currency reserves despite pressure from advocates who are pushing for a constitutional amendment. The SNB maintains that Bitcoin does not meet their standards for reserve assets due to limited market liquidity and significant price volatility, highlighting the need for readily traded assets. This decision comes in response to growing global economic uncertainty fueled by escalating U.S. tariffs under President Trump, prompting crypto supporters to push for a referendum on incorporating Bitcoin into Switzerland’s national reserves.