- Luzius Meisser advocates for Swiss National Bank’s Bitcoin reserve.
- Reserve volatility concerns persist among officials.
- Potential referendum requires 100,000 signatures.
Luzius Meisser, a leading economist, suggests that the Swiss National Bank should consider holding 1-2% of its reserves in Bitcoin. This proposal is part of a larger campaign urging the bank to diversify its assets. Martin Schlegel, Chairman of the SNB, has expressed reservations, stating that cryptocurrencies are too volatile for the bank’s reserve strategy. These differing perspectives underscore the ongoing debate about the feasibility of such an addition.
“Bitcoin will be worth a lot in the specific scenario of a multipolar world order with fading trust in government debt.” — Luzius Meisser, Board Member, Bitcoin Suisse
The implications of this potential move are profound. While the campaign argues for the hedge value of Bitcoin, others caution that adding it to the SNB’s reserves might introduce significant market uncertainty. Yves Bennaïm, another advocate, suggests even a small allocation could benefit the bank’s portfolio.
Industry experts observe that if successful, this move could set a precedent for other central banks. With no visible price impact on Bitcoin, stakeholders continue to debate the potential benefits and risks involved. The Swiss public must decide through a national referendum by securing 100,000 signatures to move forward.
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