- Switzerland proposes adding Bitcoin to national reserves through a constitutional amendment.
- The initiative requires 100,000 handwritten signatures by June 30 for review.
- Bitcoin’s inclusion aims to strengthen reserves alongside gold and diversify financial strategy.
A new initiative seeks to add Bitcoin to the reserves of the Swiss National Bank. This proposal, now published in the Federal Gazette, marks the start of the signature collection phase. Supporters aim to amend the federal constitution to include Bitcoin alongside gold, bringing modern innovation to national monetary policy.
Switzerland’s Push for Bitcoin Reserves
The initiative requires 100,000 handwritten signatures from Swiss citizens by June 30. Once collected, the Swiss Federal Assembly will review the proposal. Advocates aim to revise Article 99, which currently mandates gold reserves, to also include Bitcoin—BTC. A minor wording change in the constitution could bring a major financial shift.
The Swiss National Bank already holds a diversified reserve portfolio. This includes various fiat currencies and approximately 1,040 tons of gold. Bitcoin supporters argue that digital gold offers similar benefits. Bitcoin’s fixed supply and decentralized design could strengthen financial resilience during economic uncertainty.
This proposal is not Switzerland’s first attempt to link cryptocurrency to national policy. A similar initiative in 2021, led by the think tank 2B4CH, failed to gain traction. However, as the United States considers creating a strategic Bitcoin reserve, Switzerland may find renewed motivation to lead in this space.
Bitcoin’s Growing Role in Global Reserves
The idea of Bitcoin as a national reserve asset is gaining support worldwide. Christian Lindner, Germany’s former finance minister, recently suggested adding Bitcoin to German and European Central Bank reserves. Such proposals highlight a growing belief in Bitcoin’s potential to reshape financial systems.
Switzerland has long embraced cryptocurrency innovation. Zug, known as Crypto Valley, began accepting Bitcoin payments in 2016. By including Bitcoin in the Swiss National Bank’s reserves, Switzerland could cement its role as a global leader in crypto adoption.
The Swiss National Bank may embrace Bitcoin, signaling a historic moment for financial evolution. This decision could inspire other nations to follow suit, setting a new standard for reserve strategies.
Crypto News Land, also abbreviated as “CNL”, is an independent media entity – we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
