The Swiss National Bank has rejected a proposal to include Bitcoin in its reserve holdings, citing the cryptocurrency’s high volatility as a key factor. The decision is seen as impacting the narrative surrounding Bitcoin’s potential as a stable reserve asset. While concerns about Bitcoin’s volatility and liquidity played a role in this rejection, the SNB emphasized that it prioritizes financial stability over high-return potential of cryptocurrencies. Martin Schlegel, President of the Swiss National Bank, stated that market volatility poses a risk to long-term value preservation. This move comes as similar central banks around the world maintain cautious approaches toward digital currencies for reserves. The impact on the global financial markets is minimal; however, it further fuels skepticism regarding Bitcoin’s future role in reserve strategies.