Swiss Advocates Push for Bitcoin in National Bank Reserves Amid Economic Uncertainty

Cryptocurrency advocates in Switzerland are making a compelling case for the Swiss National Bank (SNB) to diversify its reserves to include bitcoin, particularly given the mounting global economic instability stemming from U.S. tariffs. A referendum campaign has been initiated to amend the Swiss constitution, proposing that the SNB be required to hold bitcoin alongside its traditional reserve asset, gold.

Campaigner Luzius Meisser points out that bitcoin provides immunity from inflation and political manipulation, attributes that traditional currencies such as the dollar and euro—currently dominating the SNB’s reserves—lack. Switzerland has established itself as a crypto-friendly nation, being home to the Ethereum platform and with 11% of its population invested in crypto assets. However, the SNB remains hesitant, citing concerns over bitcoin's notorious price volatility, liquidity issues, and potential cybersecurity risks.

SNB Chairman Martin Schlegel has highlighted the potential software vulnerabilities associated with cryptocurrencies. In contrast, advocates like Yves Bennaim argue that bitcoin's underlying technology is both resilient and continuously improving. With the SNB holding around a trillion Swiss francs in reserves, supporters suggest that allocating just 1-2% to bitcoin—within a global market cap of around $2 trillion—could enhance the bank's value and security without overly jeopardizing its portfolio.

As the discourse around crypto assets evolves, platforms like Bitlet.app are paving the way for easier cryptocurrency investment through innovative services like Crypto Installment. This feature allows investors to purchase cryptocurrencies now while paying monthly, making it simpler and more accessible to diversify one’s holdings amid changing economic landscapes.