The Swiss National Bank (SNB) has no plans to hold Bitcoin as a reserve asset, according to its president, Martin Schlegel. Speaking on March 1, 2025, Schlegel dismissed the idea of incorporating the world’s largest cryptocurrency into Switzerland’s official reserves, citing concerns over volatility and its lack of suitability (stability, liquidity, and security) as a monetary asset.
Schlegel’s remarks come as central banks worldwide assess Bitcoin’s role in national financial strategies. While countries like El Salvador and Bhutan have already integrated Bitcoin into their reserves, the SNB remains unconvinced.
Switzerland is widely recognized as a crypto-friendly financial hub, with its “Crypto Valley” in Zug fostering blockchain innovation and attracting global firms. However, the SNB’s reluctance to adopt Bitcoin at the institutional level highlights the ongoing divide between central banking policies and the evolving digital asset industry.
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