Thomas Jordan, chairman of the Swiss National Bank, which acts as Switzerland’s central bank, Bitcoin He said they are not interested in holding it as an investment but may be ready quickly to make such a move.
Swiss National Bank Governor Says They Can Quickly Buy Bitcoin If Necessary
Jordan answered the question posed to him at the annual meeting of the Swiss National Bank:
“Buying bitcoin is not a problem for us. We can make this investment by purchasing BTC directly or by purchasing BTC-based investment products. When we give until we have BTC in our balance sheet, we can quickly arrange the necessary technical and operational conditions.”
Swiss National Bank: “BTC Does Not Meet The Requirements To Be A Reserve Currency”
In addition, the Chairman of the Swiss Central Bank made the following statement, which can be considered unpleasant for BTC:
“We do not believe that Bitcoin meets the necessary conditions to become a reserve currency.”
According to the annual report published in March, the Swiss National Bank’s reserves exceeded $1 trillion as of December 31, 2021.
The US dollar made up 39% of the reserves, the Japanese yen 37% and the British pound 6%. The bank’s gold reserves, on the other hand, amounted to 56 billion Swiss Francs, less than 6% of the total reserves.
Recently, the Swiss city of Lugano recognized both BTC and Tether (USDT) as legitimate currency.
No country in the European continent yet BTC or other from cryptocurrencies did not recognize one as legitimate currency.
*Not investment advice.