Positive signals for Bitcoin: The Swiss National Bank has begun to approach the crypto market
Recently, the Chairman of the Swiss National Bank (#SNB ), Mr. Martin Schlegel, stated that the organization has not yet directly added Bitcoin to the national reserves due to concerns about liquidity and price volatility. However, the SNB has chosen to have indirect exposure to Bitcoin through holding shares of MicroStrategy, Tesla, and Marathon Digital – large companies with significant accumulated amounts.
It is noteworthy that the SNB acknowledges that Bitcoin currently has very good liquidity and the market has proven its ability to absorb strong sell-offs during crises. In addition, the fact also shows that Bitcoin is currently less volatile than both stocks #Tesla and MicroStrategy – two of the assets that the SNB is holding. According to some analyses, if the SNB allocated just 1% of its portfolio to Bitcoin since 2015, their overall yield would have nearly doubled with negligible increase in volatility.
Conclusion: The fact that a reputable central bank like the SNB recognizes the value of Bitcoin and actively approaches the market, albeit indirectly, indicates that Bitcoin is increasingly being valued as a potential reserve asset for the long term. This is an optimistic signal for the future of the global cryptocurrency market.
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