Back to main

Swiss Central Bank’s Chairman Says He’s Dubious About Holding Bitcoin as a Reserve Currency: Report

The chairman of the Swiss National Bank (SNB) reportedly isn’t convinced it’s in his institution’s best interest to hold Bitcoin (BTC) as a reserve currency.

While speaking at the central bank’s annual general meeting on Friday, Thomas Jordan argued that there are downsides to holding the top crypto asset, according to a report from Reuters.

“We have not yet decided that we want to invest in Bitcoin. Actually for good reasons. Currency reserves are international payments. They have to be liquid. They have to be sustainable. And we have to be able to sell and buy them.”

Cypto stakeholders have been campaigning for the SNB to hold a portion of its currency reserves in BTC.

Luzius Meisser, chairman at the crypto financial services provider Bitcoin Suisse, laid out his case for BTC investing at the SNB’s annual general meeting.

“One of the interests of Switzerland and the Swiss people is to have a safe and stable currency. I firmly believe that it would strengthen the Swiss franc and the independence of the Swiss National Bank if we spent less on loss-making government bonds and started HODLing Bitcoin.”

Bitcoin is trading at $63,002 at time of writing. The top-ranked crypto asset by market cap is down over 2% in the past 24 hours.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Empirephotostock/REDPIXEL.PL

The post Swiss Central Bank’s Chairman Says He’s Dubious About Holding Bitcoin as a Reserve Currency: Report appeared first on The Daily Hodl.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Read on The Daily Hodl Investment Disclaimer