Switzerland’s central bank has rejected a proposal for Bitcoin to become a reserve asset, indicating continued skepticism towards the cryptocurrency’s potential role in financial reserves. Martin Schlegel, chairman of the Swiss National Bank (SNB), cited the lack of stability, liquidity issues, and security risks as reasons for his stance. However, many local cryptocurrency companies anticipate recognition from officials. The SNB has consistently expressed doubt about Bitcoin becoming a reserve asset, dating back to March when they stated their refusal, citing concerns regarding instability, liquidity, and security. 2B4CH, a non-profit project supporting the initiative, aims to enshrine the SNB’s obligation to hold Bitcoin in its constitution by the end of 2024. To achieve this, the group needs to gather 100,000 signatures for a referendum. While some industry figures see potential in Bitcoin’s rise and believe incorporating it into reserves makes sense, others remain cautious. They argue that diversifying away from traditional currencies is necessary as they face weakening influence. Swiss politicians and financial leaders are carefully navigating the integration of cryptocurrencies within the national financial system. The future of Bitcoin’s role remains uncertain, but its significance in the global cryptocurrency landscape continues to grow.