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Switzerland this time tried to include $BTC into the national reserves.
The attempt failed.
The movement to "include Bitcoin in the Swiss central bank reserves" ultimately gathered only about 50k signatures.
And holding a national referendum requires at least 100k signatures.
In other words:
Not even half of the threshold. 👀
The Swiss National Bank has always opposed this.
The core reason is quite straightforward:
• Too volatile
• Liquidity risk
• Not suitable for the national reserve system
But even so,
this matter itself is already very interesting.
Because in the past, market discussions were about:
"Should individuals buy BTC"
Now many countries are starting to discuss:
"Should the country hold BTC"
This in itself indicates:
Bitcoin is slowly moving from "risky asset"
toward "strategic asset."
Currently, not many countries openly hold BTC long-term.
The most typical are:
• El Salvador
• Bhutan
And although Switzerland didn't succeed this time,
at least it has officially brought the topic of "national reserve allocation of BTC" onto the table. 🪙