Swiss National Bank Talk Again Say No To Bitcoin Reserve As Industry Push
Di Swiss National Bank (SNB), dem don dey refuse proposal dem to add bitcoin (BTC) to dia official money wey dem save, dem say na because of how e dey rise and fall (volatility), how easy e be to sell (liquidity), and security palava. Dem tok dis tin again for dia annual meeting for April 2025, and Chairman Martin Schlegel come talk say na only money wey stable and wey easy to sell fit qualify for dia reserve. Even though Switzerland get big crypto business and Bitcoin fans dey do campaign to do national vote to change dia law – with help from important people for the business – SNB still dey careful. Di campaign need 100,000 signatures within 18 months. People wey support am say if Switzerland get bitcoin, e go help dem protect demsef from problem with politics and money, especially as US and other countries dey look into getting bitcoin reserve. If dem succeed, di vote go still face plenty wahala with law and technical things. SNB wey just dey careful show say di fight between old central bank rules and new digital money dey continue, even as crypto dey join everything fast fast for all over the world and for inside the country.
Neutral
Di Swiss National Bank decision say dem no want bitcoin for inside dem reserve just make things remain as dem be before, e no get any quick effect on top BTC price for market. Even as dem campaign for referendum show say di industry still dey move, di way SNB stand gidigba and di big wahala for law and technology mean say if dem go later accept am, e still far and nobody sure. Di way dem call am neutral show say no quick sign say bitcoin price go go up or down. But di matter important for people wey dey look am for long time, because if government later change dia mind or di referendum work, e fit change how Switzerland important for crypto worldwide.