{"id":40904,"date":"2025-04-26T19:00:18","date_gmt":"2025-04-26T16:00:18","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=40904"},"modified":"2025-04-26T16:55:43","modified_gmt":"2025-04-26T13:55:43","slug":"swiss-national-bank-president-bitcoin-is-not-fit-for-reserves","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/","title":{"rendered":"Swiss National Bank President: Bitcoin Is Not Fit for Reserves"},"content":{"rendered":"<p class=\"\" data-start=\"209\" data-end=\"541\">Despite Switzerland&#8217;s increasing openness to cryptocurrencies, <a href=\"https:\/\/coinengineer.net\/blog\/huge-move-from-defi-development-corp\/\"><strong data-start=\"272\" data-end=\"327\">Swiss National Bank (SNB) President Martin Schlegel<\/strong><\/a> has rejected the idea of including Bitcoin in the central bank&#8217;s reserves. According to local reports, Schlegel argued that Bitcoin fails to meet essential requirements like <strong data-start=\"502\" data-end=\"540\">stability, liquidity, and security<\/strong>.<\/p>\n<p class=\"\" data-start=\"543\" data-end=\"812\">In an interview with the Tamedia media group, Schlegel outlined three key reasons why cryptocurrencies should not be part of the SNB&#8217;s reserves. First, he highlighted the <strong data-start=\"714\" data-end=\"733\">high volatility<\/strong> of digital assets, which makes them unsuitable for preserving long-term value.<\/p>\n<p class=\"\" data-start=\"814\" data-end=\"1103\">\u201cOur reserves must also be <strong data-start=\"841\" data-end=\"858\">highly liquid<\/strong> so they can be deployed swiftly for monetary policy operations if necessary,\u201d Schlegel noted. He further emphasized the security risks inherent to digital assets, pointing out: &#8220;<strong data-start=\"1037\" data-end=\"1101\">Software-based systems are prone to bugs and vulnerabilities<\/strong>.&#8221;<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#Bitcoin_Reserve_Initiative_Sparks_Debate\" title=\"Bitcoin Reserve Initiative Sparks Debate\">Bitcoin Reserve Initiative Sparks Debate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#Switzerland_Embraces_Crypto_But_SNB_Stays_Cautious\" title=\"Switzerland Embraces Crypto, But SNB Stays Cautious\">Switzerland Embraces Crypto, But SNB Stays Cautious<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"\" data-start=\"1105\" data-end=\"1149\"><span class=\"ez-toc-section\" id=\"Bitcoin_Reserve_Initiative_Sparks_Debate\"><\/span>Bitcoin Reserve Initiative Sparks Debate<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"\" data-start=\"1151\" data-end=\"1412\">Schlegel\u2019s comments come as Switzerland faces an ongoing debate over a constitutional amendment aimed at reshaping the country&#8217;s financial strategy. Launched in December, the proposal suggests that the <strong data-start=\"1353\" data-end=\"1395\">SNB should hold Bitcoin alongside gold<\/strong> in its reserves.<\/p>\n<p class=\"\" data-start=\"1414\" data-end=\"1662\">Entrepreneur Yves Bennaim, who leads the initiative, proposes that Bitcoin holdings be gradually accumulated from the central bank\u2019s profits. The campaign now has <strong data-start=\"1577\" data-end=\"1590\">18 months<\/strong> to collect <strong data-start=\"1602\" data-end=\"1624\">100,000 signatures<\/strong> to qualify for a national referendum.<\/p>\n<h3 class=\"\" data-start=\"1664\" data-end=\"1719\"><span class=\"ez-toc-section\" id=\"Switzerland_Embraces_Crypto_But_SNB_Stays_Cautious\"><\/span>Switzerland Embraces Crypto, But SNB Stays Cautious<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"\" data-start=\"1721\" data-end=\"2148\">While many Swiss banks have begun offering customers <strong data-start=\"1774\" data-end=\"1809\">cryptocurrency-related services<\/strong>, Schlegel still describes the asset class as a &#8220;niche phenomenon.&#8221; Speaking to Tamedia, he stated that currencies have always competed with each other and that the Swiss National Bank is &#8220;<strong data-start=\"1998\" data-end=\"2055\">not concerned about competition from cryptocurrencies<\/strong>.&#8221;<br data-start=\"2057\" data-end=\"2060\" \/>Schlegel also reaffirmed the enduring strength of the <strong data-start=\"2114\" data-end=\"2129\">Swiss franc<\/strong> in global markets.<\/p>\n<hr \/>\n<p class=\"\" data-start=\"1721\" data-end=\"2148\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite Switzerland&#8217;s increasing openness to cryptocurrencies, Swiss National Bank (SNB) President Martin Schlegel has rejected the idea of including Bitcoin in the central bank&#8217;s reserves. According to local reports, Schlegel argued that Bitcoin fails to meet essential requirements like stability, liquidity, and security. In an interview with the Tamedia media group, Schlegel outlined three key<\/p>\n","protected":false},"author":29,"featured_media":40906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[14898,1836,14896,14897],"class_list":["post-40904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-martin-schlegel","tag-swiss-national-bank","tag-swiss-national-bank-bitcoin","tag-swiss-national-bank-bitcoin-reserve"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Swiss National Bank President: Bitcoin Is Not Fit for Reserves - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swiss National Bank President: Bitcoin Is Not Fit for Reserves - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Despite Switzerland&#8217;s increasing openness to cryptocurrencies, Swiss National Bank (SNB) President Martin Schlegel has rejected the idea of including Bitcoin in the central bank&#8217;s reserves. According to local reports, Schlegel argued that Bitcoin fails to meet essential requirements like stability, liquidity, and security. In an interview with the Tamedia media group, Schlegel outlined three key\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-26T16:00:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-26T13:55:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/isvicre_ce.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emre Yumlu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emre Yumlu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/\",\"name\":\"Swiss National Bank President: Bitcoin Is Not Fit for Reserves - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/isvicre_ce.jpg\",\"datePublished\":\"2025-04-26T16:00:18+00:00\",\"dateModified\":\"2025-04-26T13:55:43+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/isvicre_ce.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/isvicre_ce.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Swiss National Bank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Swiss National Bank President: Bitcoin Is Not Fit for Reserves\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\",\"name\":\"Emre Yumlu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"caption\":\"Emre Yumlu\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/ceemre\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Swiss National Bank President: Bitcoin Is Not Fit for Reserves - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/","og_locale":"en_US","og_type":"article","og_title":"Swiss National Bank President: Bitcoin Is Not Fit for Reserves - Coin Engineer","og_description":"Despite Switzerland&#8217;s increasing openness to cryptocurrencies, Swiss National Bank (SNB) President Martin Schlegel has rejected the idea of including Bitcoin in the central bank&#8217;s reserves. According to local reports, Schlegel argued that Bitcoin fails to meet essential requirements like stability, liquidity, and security. In an interview with the Tamedia media group, Schlegel outlined three key","og_url":"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/","og_site_name":"Coin Engineer","article_published_time":"2025-04-26T16:00:18+00:00","article_modified_time":"2025-04-26T13:55:43+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/isvicre_ce.jpg","type":"image\/jpeg"}],"author":"Emre Yumlu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emre Yumlu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/","url":"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/","name":"Swiss National Bank President: Bitcoin Is Not Fit for Reserves - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/isvicre_ce.jpg","datePublished":"2025-04-26T16:00:18+00:00","dateModified":"2025-04-26T13:55:43+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/isvicre_ce.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/04\/isvicre_ce.jpg","width":1920,"height":1080,"caption":"Swiss National Bank"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/swiss-national-bank-president-bitcoin-is-not-fit-for-reserves\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Swiss National Bank President: Bitcoin Is Not Fit for Reserves"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c","name":"Emre Yumlu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","caption":"Emre Yumlu"},"url":"https:\/\/coinengineer.net\/blog\/author\/ceemre\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/40904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=40904"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/40904\/revisions"}],"predecessor-version":[{"id":40907,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/40904\/revisions\/40907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/40906"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=40904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=40904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=40904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}