Swiss National Bank President Questions Bitcoin Inclusion in National Asset Reserves

Thomas Jordan, president of the Swiss National Bank (SNB), expressed doubts about the prospect of the central bank buying Bitcoin at the central bank's annual general meeting on Friday. The statement came under continued pressure from advocates to amend Swiss legislation to allow the inclusion of cryptocurrencies in the national asset reserve. Jordan pointed out that adding Bitcoin to the Swiss National Bank's reserve assets (including gold, foreign currencies, bonds and stocks) could have potential negative effects, such as increasing carbon emissions, and emphasized the energy consumption associated with Bitcoin mining and trading. He said that no decision has been made to invest in Bitcoin and emphasized the need for currency reserves to have liquidity, sustainability and easy trading characteristics in international payments. (Bitcoin.com) A few days ago, Swiss Bitcoin advocate, founder and chairman of non-profit think tank 2B4CH Yves Bennaïm launched a referendum urging the Swiss National Bank (SNB) to include Bitcoin in the national asset reserve. The launch of this referendum depends on whether 100,000 Swiss citizens can be obtained. If the required number is reached, Swiss citizens will vote on the proposed amendment.