The Swiss National Bank rejects the role of Bitcoin in the national reserves

The Swiss National Bank continues to reject Bitcoin's inclusion in its reserves despite growing pressure from supporters of cryptocurrency.

In his speech At the shareholder meeting of the Swiss National Bank on Friday, President Martin Schlegel confirmed his skepticism and named the extreme price volatility and limited liquidity of Bitcoin as the main reasons why Bitcoin does not meet the bank's requirements for reserve currency.

Schlegel's statements came at a time when Bitcoin supporter, including Luzius Meisser, board member of Bitcoin Suisse, took a different perspective. Meisser warned that Bitcoin may seem unnecessary in times of stability, but could prove to be extremely valuable in a world in which confidence in government debt disappears.

He referred to the possible erosion of trust in the euro and the dollar as reasons why Switzerland should consider diversifying its reserves.

Meisser, who supports a campaign to change the Swiss constitution in order to enable the central bank to own Bitcoin, emphasizes that BTC is attractive long -term protection due to its inflation resistance and deficiency expenditure. The campaign, which started in December last year, aims to officially contribute Bitcoin to the country's monetary policy debate.

However, Schlegel remains consistently in his rejection. He again emphasized that national reserves have to be highly liquid in order to effectively support monetary policy measures. In his view, the crypto market remains a niche market on a global level due to its relatively small size, which in his opinion is not suitable for securing Switzerland's economic stability.