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Switzerland May Accept Bitcoin as a Reserve Asset

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by Giorgi Kostiuk

a year ago

A Swiss constitutional amendment has been proposed to require the National Bank to hold Bitcoin as a reserve asset alongside gold.

Constitutional Amendment Initiative

The amendment 'For a Financially Strong, Sovereign, and Responsible Switzerland' aims to invest in Bitcoin. Currently, the initiative is supported by cryptocurrency enthusiasts and financial reformers, seeking to amend Article 99 of the Swiss Constitution. Organizers have 18 months to gather 100,000 signatures to bring the issue to a national referendum.

Global Trends and USA Example

The Swiss initiative aligns with the global trend of exploring cryptocurrencies as reserve assets. In the USA, states like Ohio and Texas are already considering including Bitcoin in their treasury reserves. Companies such as MicroStrategy and Metaplanet are also increasing their Bitcoin holdings.

Conclusion and Next Steps

If the initiative gathers the necessary signatures, Switzerland may hold a vote on the matter, potentially marking a significant step in the global movement towards sovereign cryptocurrency adoption.

The Swiss initiative to include Bitcoin in the National Bank's reserves may have significant implications for financial policy and the global movement towards cryptocurrency adoption.

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