CHF

The Swiss National Bank (SNB) has officially rejected the proposal to hold Bitcoin in the national reserve portfolio. This decision has sparked much debate in the investment community and the crypto community.
Three reasons why the SNB refuses Bitcoin
Martin Schlegel, Chairman #SNB , in an interview with Tamedia, provided three main reasons why the SNB does not consider Bitcoin a suitable asset:
High volatility: Bitcoin and other cryptocurrencies frequently experience significant price fluctuations, making them unsuitable as national reserve assets.