Swiss National Bank’s Bitcoin Rejection Sparks Debate Amid Crypto Advocacy
The Swiss National Bank (SNB) has reaffirmed its opposition to including Bitcoin in its reserves, citing concerns over volatility, liquidity, and cybersecurity. Despite growing pressure from Switzerland’s crypto sector, SNB Chairman Martin Schlegel dismissed the idea during the bank’s annual meeting. Meanwhile, Bitcoin’s price stands at 103,318.29 USDT, highlighting the ongoing tension between traditional finance and digital asset advocates.
Swiss National Bank Rejects Bitcoin Reserve Inclusion Amid Crypto Advocacy Push
The Swiss National Bank (SNB) has firmly opposed the integration of bitcoin into its currency reserves, citing volatility, liquidity constraints, and cybersecurity risks. Chairman Martin Schlegel reiterated the institution’s stance during its annual shareholder meeting in Bern, dismissing calls from domestic crypto advocates.
Switzerland’s cryptocurrency sector has escalated pressure through a referendum campaign aiming to mandate Bitcoin holdings in national reserves. The move reflects a broader global debate as some governments explore digital asset reserves amid evolving financial landscapes.
Market observers note the SNB’s conservative position contrasts with growing institutional interest in crypto assets. Bitcoin’s proponents argue its scarcity and decentralization offer hedge value against traditional monetary systems, while critics maintain its speculative nature undermines reserve currency suitability.
Bitcoiner Jack Mallers Reaffirms Commitment to Strike While Taking CEO Role at Twenty-One Capital
Jack Mallers, the Bitcoin advocate behind Strike, has pledged continued dedication to the payment platform after assuming the CEO position at investment firm Twenty-One Capital. Under his leadership, Strike processed over $6 billion in transaction volume by 2024.
In a letter to investors, Mallers framed the dual role as an expansion of his commitment rather than a departure. The executive projected audacious growth for Strike, forecasting "8-9 figures in net profit in 2025" despite operating with just 75 employees.
The strategic MOVE aligns with Mallers’ publicly stated Bitcoin maximalist philosophy. His business decisions reportedly pass through a singular filter: "Is this good for Bitcoin?" This ethos now extends to his leadership at Twenty-One Capital, where he continues advocating for Bitcoin’s supremacy in the digital asset space.
Bitcoin Surges Past $94K as Dormant Capital Reenters Market
Bitcoin’s price rally accelerated this week, climbing from $84,000 to breach $94,000 as on-chain data reveals renewed institutional interest. The cryptocurrency has now held above the $90,000 support level for four consecutive days—a technical milestone that’s reinforcing bullish sentiment.
CryptoQuant’s latest metrics show a dramatic reversal in capital flows. What began as net selling pressure earlier this month has transformed into substantial buying activity, with the platform’s "apparent demand" indicator swinging from -200,000 BTC to positive territory. This shift coincides with the reactivation of long-dormant wallets, suggesting seasoned investors are accumulating positions.
The sustained higher lows throughout the week point to organic demand rather than speculative trading. Market participants now watch whether this momentum can overcome resistance at the psychological $100,000 threshold—a level that WOULD likely trigger fresh institutional allocations.
Semler Scientific Expands Bitcoin Holdings with $10M Purchase
Healthcare technology firm Semler Scientific has deepened its commitment to Bitcoin, acquiring an additional $10 million worth of BTC since mid-February. The company now holds over 3,300 BTC—a $300 million treasury position at current prices—after purchasing 111 coins at an average $90,000 each.
This strategic accumulation has delivered a 23.5% Bitcoin yield year-to-date, a metric the company uses to gauge shareholder value creation through BTC exposure. Semler’s growing digital asset reserves signal institutional confidence in cryptocurrency as a treasury asset, mirroring moves by MicroStrategy and other public companies.
Bitcoin Rebounds from Key Support Level Amid Market Uncertainty
Bitcoin has surged past $93,000, demonstrating resilience as bullish momentum builds. The recovery follows weeks of volatility, with traders now eyeing the psychologically critical $100,000 threshold. A breach of this level could signal the start of a sustained rally into uncharted territory.
Geopolitical tensions between the US and China loom over the market, creating a fragile backdrop for risk assets. Analysts caution that any escalation in trade conflicts could trigger sharp pullbacks across cryptocurrencies.
Technical analyst Daan notes Bitcoin’s strong bounce from Fibonacci support levels, suggesting underlying structural strength. The move comes as traders reassess market positioning after recent liquidations.
Bitcoin Price Confirms Breakout To $106,000 As Technicals Align
Crypto analyst Daniel has identified a confirmed breakout pattern for Bitcoin, targeting $106,000. Technical analysis reveals a bullish impulse breaching intermediate resistance, with the ascending channel structure remaining intact.
The $106,000 target aligns with a major historical resistance zone. Market momentum suggests aggressive buyer participation could propel BTC to this level without significant retracements.
