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. 🪙
BTC-0.01%
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