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🌟 After El Salvador, Switzerland could become the second country to make Bitcoin a legal tender?

Recently, the Swiss federal government proposed to include Bitcoin in the national bank reserves, alongside gold. If the proposal is approved, Bitcoin will officially become part of Switzerland's fiscal soundness and sovereignty. This idea originated from a group of Bitcoin supporters, which aims to amend the Swiss Constitution to recognize Bitcoin's sovereign status.

The proposal aims to amend the Swiss Constitution to allow the central bank to use profits to build a multi-currency reserve, including Bitcoin, to strengthen fiscal stability and national sovereignty. However, in order to pass this proposal, a referendum is required, and supporters need to collect 100,000 signatures from Swiss citizens by June 2026. This is a big challenge, because Switzerland's total population is only 8.92 million, which means that 1.12% of the population needs to support it.

Remember El Salvador, the first country in the world to make Bitcoin a legal tender? In October 2022, the country worked with Lugano, Switzerland, to promote the widespread adoption of Bitcoin in Europe. To this end, El Salvador has set up a special "Bitcoin Office" in Switzerland to promote this initiative.

Despite the broad support for the proposal, it faces many challenges as the Swiss National Bank remains skeptical of cryptocurrencies. Central Bank President Martin Schlegel is wary of crypto assets including Bitcoin and Ethereum, saying that the volatility of these assets limits their viability as a means of payment and mentions that they may involve illegal behavior and face regulatory challenges.

Despite these concerns, the proposal itself is a sign of a key turning point, reflecting the focus of more and more countries and central banks on integrating digital currencies into the traditional financial framework. This move is also consistent with Switzerland's pioneering image in cryptocurrency innovation and adoption.

In the future, we will see whether this proposal can push Switzerland to become the first country in the world to include Bitcoin in its reserve assets.

In summary, Bitcoin supporters living in Switzerland, if you want to see this proposal become a reality, then act quickly and join the signatures supporting Bitcoin reserves! Because this may be another important moment in Bitcoin history!

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Swiss National Bank Rejects Bitcoin🚨

Swiss National Bank President Thomas Jordan stated that $BTC 's volatility is too high and lacks the characteristics of a good currency.

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At four thirty, the Swiss National Bank will announce interest rates, likely cutting by twenty-five basis points. The Swiss franc may be affected. In the medium term, the signals from the Swiss National Bank in the coming months will be crucial. The extent of the Swiss franc's decline will depend on whether the Swiss National Bank lowers inflation expectations and hints at further rate cuts.
Let me summarize: rate cuts are bullish.
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