Bitcoin is not worthy of reserve funds, President of the National Bank of Switzerland, says: Report

Switzerland National Bank (SNB) President Martin Schlegel reportedly does not want Bitcoin to be spare property in Switzerland – stating a lack of stability, liquidity concerns and safety risks.

The position of Schlegel oppose the Private BitCoin Non-Profit Tank 2B4CH and other BitCoin Proponents Constitutional mandate SNB to hold Bitcoin (Btc) On your balance sheet.

Schlegel first told Swiss Local Media Outlet Tamedia The Bitcoin and other cryptocurri hotels are too volatile, which does not suit for maintaining the value of SNB investments.

“Second, our reserves must be very fluent, so that they can be used quickly for the needs of monetary policy,” Schlegel said Schlegel 1. March.

Schlegel also pointed out that this is because Bitcoin and Cryptocorries managed software, they are subject to errors and technical vulnerabilities:

“We all know that software can have errors and other weak points.”

While Schlegel admitted that the Cripto Market has secured the value of three trillion dollars, said the industry remains a “niche phenomenon” compared to a wider financial system.

The President of the Swiss Central Bank added that he does not see Bitcoin or Crypto potentially not to Detronize the Swiss Franc:

“We are not afraid of competition from cryptocurrency.”

The 2B4CH proposal was set up in the Swiss Federal Office movement 31. December, where 100,000 signatures will be given to be placed on a public referendum.

They have until 30. June 2026. years, to get 100,000 signatures – about 16 months from now.

Switzerland has a large population of 8.97 million inhabitants, which means that about 1.11% of the locals must sign a petition.

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Despite Schlesel’s criticism, Switzerland is one of Leading countries for Bitcoin Adometion – especially in Lugano City, Where the annual conference “Plan ₿” is held.

Bitcoin Reserve is currently considered in the US, Czech Republic and Hong Kong, while El Salvador He still agrees at least one Bitcoin in his cash register, which was launched in September 2021. years.

Poland Recently, the possibility was to make spares significantly.

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