A campaign seeking to require the Swiss National Bank to hold Bitcoin as part of its official reserves is expected to fail after organizers were unable to gather enough signatures to trigger a referendum.
The initiative aimed to amend Switzerland’s constitution so the central bank would hold Bitcoin alongside gold and foreign currency reserves.
Under Swiss law, campaign organizers needed at least 100,000 verified signatures but reportedly managed to secure only about half that number.
The Swiss National Bank has consistently opposed including cryptocurrencies in its reserve assets, arguing that Bitcoin’s volatility and liquidity risks make it unsuitable for reserve management purposes.
Supporters of the proposal viewed Bitcoin as a strategic financial asset that could strengthen Switzerland’s reputation as a global crypto hub.
The failed campaign highlights the ongoing reluctance of major central banks to formally integrate cryptocurrencies into national reserve strategies despite growing institutional adoption worldwide.
Source: X.com
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