TechFlow news — On March 3, according to FinanceFeeds, the Swiss National Bank (SNB) has clearly stated it will not adopt bitcoin as a reserve asset, citing concerns over the cryptocurrency's stability. This decision deals a significant blow to hopes of bitcoin becoming a recognized reserve asset.
The Swiss central bank is taking a cautious stance toward bitcoin, primarily due to its high price volatility and rapid fluctuations. For example, in 2022, bitcoin plunged 17.5% within a single day. In contrast, traditional reserve investments such as gold and foreign exchange have long demonstrated greater stability—explaining why central banks worldwide favor these assets.
This rejection highlights the challenges cryptocurrencies face in gaining acceptance within the global mainstream banking system. Although some countries and companies are incorporating digital assets into their reserves, bitcoin is still largely viewed as a speculative investment rather than a foundational financial instrument. Nevertheless, this decision may not hinder bitcoin’s long-term growth, as private adoption and alternative financial systems continue to evolve.
