Bitcoin Rejection Sparks Debate in Switzerland

The Swiss National Bank, led by Chair Martin Schlegel, has dismissed calls to add Bitcoin to its reserves. Despite pushback from the local crypto industry, with advocates like @LuziusMeisser arguing Bitcoin could protect against currency devaluation, Schlegel cited stability and security concerns. In Switzerland, there's a grassroots campaign to mandate Bitcoin reserves, which needs 100,000 signatures to trigger a referendum. Proponents argue that a small percentage of reserves in Bitcoin could offer growth and security as traditional currencies like the USD and Euro waver.