Swiss campaigners drop Bitcoin reserve bid over
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Swiss campaigners dropped their bid to force the SNB to hold bitcoin after gathering only about half of the 100,000 signatures required for a referendum.
- The initiative aimed to amend Switzerland’s constitution to require the SNB to hold bitcoin alongside gold and foreign‑currency reserves.
- Swiss National Bank had previously rejected the proposal, citing concerns over bitcoin’s liquidity and price volatility as a reserve asset.
- Federal Chancellery listed the amendment as part of the constitution, but the text did not specify how much of the SNB’s reserves would be allocated to bitcoin.
Why it matters: With only ~50,000 of the required 100,000 signatures collected, the amendment failed, leaving the SNB’s reserve mix unchanged and denying crypto advocates a formal foothold in Switzerland’s sovereign assets.
