Despite mounting pressure from supporters, Switzerland’s central bank (SNB) has once again rejected the inclusion of Bitcoin in its reserves. This decision follows a recent statement from President Martin Schlegel, who cited Bitcoin’s volatility and potential lack of liquidity during financial crises as key reasons for its exclusion. Schlegel emphasizes that the SNB’s reserve assets must be reliable and readily available for foreign currency transactions. He argues that Bitcoin’s price swings would undermine the stability of their reserves and pose a significant risk to the bank’s overall position. Meanwhile, the recent decision by the United States to establish a national crypto reserve has drawn comparisons. The group pushing for SNB Bitcoin inclusion believes incorporating even a small percentage could have significantly boosted returns over time, although acknowledging its volatility. Despite this, the initiative remains committed to its goal of integrating Bitcoin into the Swiss National Bank’s reserves. However, they are facing resistance from the SNB leadership, which insists on maintaining their traditional low-risk strategy, prioritizing liquidity and security above all else. The debate is likely to continue as a referendum campaign to mandate holding both Bitcoin and gold in national reserves has been launched. In related news, Arizona is poised to become one of the first states in the US to establish its own state-backed crypto reserve fund.