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Bitcoin Reverse Signal 💄💄💄
Swiss Central Bank rejects Bitcoin for reserves, citing volatility: report
Swiss National Bank Governor Martin Schlegel reaffirmed the central bank’s position against incorporating Bitcoin or other digital assets into its foreign exchange reserves.
Schlegel expressed concerns to Bloomberg regarding Bitcoin’s btc-1.53%Bitcoin high volatility, instability, and the regulatory challenges associated with cryptocurrencies. These factors were cited as the main reasons for his position.
He highlighted that the Swiss National Bank’s reserves are meant to support monetary policy, and he noted that digital assets do not align with this goal.
This position is consistent with Schlegel’s earlier remarks. In a November 2024 event, he expressed caution regarding cryptocurrencies like Bitcoin and Ethereum eth-2.03%Ethereum, labeling them as niche phenomena unsuitable for payment purposes due to significant value fluctuations.
Bitcoin Reverse Signal 💄💄💄
Swiss Central Bank rejects Bitcoin for reserves, citing volatility: report
Swiss National Bank Governor Martin Schlegel reaffirmed the central bank’s position against incorporating Bitcoin or other digital assets into its foreign exchange reserves.
Schlegel expressed concerns to Bloomberg regarding Bitcoin’s btc-1.53%Bitcoin high volatility, instability, and the regulatory challenges associated with cryptocurrencies. These factors were cited as the main reasons for his position.
He highlighted that the Swiss National Bank’s reserves are meant to support monetary policy, and he noted that digital assets do not align with this goal.
This position is consistent with Schlegel’s earlier remarks. In a November 2024 event, he expressed caution regarding cryptocurrencies like Bitcoin and Ethereum eth-2.03%Ethereum, labeling them as niche phenomena unsuitable for payment purposes due to significant value fluctuations.
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