Swiss Initiative Seeks Bitcoin Reserves for Economic Autonomy

April 23, 2024
Swiss Initiative Seeks Bitcoin Reserves for Economic Autonomy
  • Yves Bennaim and 2B4CH are spearheading an initiative to amend the Swiss constitution, aiming to mandate the Swiss National Bank to add Bitcoin to its reserves.

  • The proposal is endorsed by experts like Luzius Meisser and is designed to bolster Switzerland's economic independence and neutrality.

  • Incorporating Bitcoin into national reserves is seen as a way to reduce reliance on traditional assets and diversify economic risk.

  • A crucial meeting with the Swiss National Bank is scheduled for April 26th, which could mark a significant shift towards financial self-reliance.

  • The initiative reflects a growing recognition of cryptocurrencies in global finance, signaling a potential shift in Switzerland's monetary strategy.

  • The move follows a 2022 recommendation for the Swiss National Bank to invest in Bitcoin rather than German government bonds.

Summary based on 7 sources


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