The Swiss Central Bank Refuses to Hold Bitcoin as a Reserve Asset

According to ChainCatcher, as reported by Coindesk, the Swiss National Bank has refused to hold Bitcoin as a reserve due to concerns about the liquidity and volatility of the cryptocurrency market. Swiss Central Bank President Martin Schlegel stated at the central bank conference on Friday: "For cryptocurrencies, market liquidity, even if sometimes it seems fine, naturally becomes a concern during crises. Cryptocurrencies are also known for their high volatility, which poses a risk to preserving long-term value. In short, one could say that cryptocurrencies currently do not meet the high requirements for our currency reserves."