The Swiss National Bank (SNB) has rejected calls to incorporate Bitcoin into its reserves despite economic uncertainties. During a shareholder meeting in Bern, SNB Chairman Martin Schlegel stated that cryptocurrencies do not currently meet the bank’s criteria for currency reserve requirements. This decision follows pressure from the local cryptocurrency industry for the inclusion of Bitcoin (BTC). 2B4CH, a Swiss nonprofit think tank, supports the proposal to constitutionally mandate the SNB to hold Bitcoin on its balance sheet and aims to reduce reliance on foreign currency holdings by allocating 1-2% of reserves to crypto. This campaign seeks to create an alternative hedge against political influence as Bitcoin cannot be inflated like traditional currencies. Meanwhile, SNB remains hesitant about incorporating Bitcoin due to concerns regarding stability, liquidity, and security. The initiative needs 100,000 signatures for a referendum to amend Article 99 of the constitution, currently mandating gold in reserves.