Switzerland Explores Bitcoin Reserves for Financial Innovation
After long holding massive gold reserves worth $27 billion, Switzerland has begun discussions about establishing a national Bitcoin reserve.
A new proposal released by the Swiss Federal Chancellery calls on the Swiss National Bank (SNB) to include Bitcoin as part of its reserve assets along with gold.
Switzerland wants to join the Bitcoin reserve race
this proposalPushed by a group of cryptocurrency advocates, a legislative amendment is needed to enforce the change. In order to proceed with the plan, 100,000 valid signatures from Swiss citizens must be collected by June 30, 2025.
If successful, the Swiss Federal Parliament will evaluate the proposal, potentially boosting Switzerland’s position as a leader in cryptocurrency adoption.
Switzerland holds regular referendums to decide legislative mattersemphasizing the country’s commitment to direct democracy.
“If a country implements a Bitcoin strategic reserve, you can say goodbye to the 4-year cycle. I already raised this point in January and assumed an adoption cycle. Think big tech in 2002” explain Cryptocurrency entrepreneur Tyler Durden.
The Swiss National Bank has historically expressed reservations about cryptocurrencies. However, supporters of the initiative believe that Bitcoin can serve as a hedge against risk. inflation and support Switzerland’s reputation as a center for financial innovation.
Currently, the SNB’s reserves are diversified, covering fiat currencies and approximately 1,040 tons of gold.
More countries want to add Bitcoin to their national reserves
Switzerland’s exploration fits into a broader global trend of treating Bitcoin as a strategic reserve asset. In the United States, Discussion on establishing a federal Bitcoin reserve is gaining attention. VanEck’s forecast suggests such reserves could Reduce the U.S. National Debt It will increase by 36% by 2050.
Furthermore, major political figures like Senator Cynthia Lummis advocates Accumulate 1 million Bitcoins to enhance financial stability.
“2025 will be the year of Bitcoin and digital assets. With David Sacks as Crypto Czar, this will be the most pro-digital asset management ever! I look forward to working closely with David Sacks through a comprehensive Digital Asset Legislation and My Strategic Bitcoin Reserve,” Senator Lummis said recently. Wrote on X (formerly Twitter).
elsewhere, Japanese Member of Parliament Satoshi Yamada Call for the creation of a Bitcoin Strategic Reserve (SBR). Similarly, Russian parliamentarian proposed to Finance Minister Anton Siluanov on establishing a Bitcoin reserve, citing its potential to enhance financial resilience.
Meanwhile, some cities and states have implemented Bitcoin Reserve Strategy. Vancouver City Council recently Approval of a financial reserve diversification plan Solving fiat currency issues by incorporating BTC volatility.
The move marks another step in the conversation about Bitcoin’s role in the global financial system as Switzerland enters the signature-gathering phase.
If passed, the proposal could mark a major shift in how the nation’s reserves are managed in the digital age.
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