Swiss National Bank Rejects Bitcoin as Reserve Asset—Traditional Finance Doubles Down on Legacy Systems

In a move that surprises exactly no one, Switzerland’s central bank has officially dismissed Bitcoin as a reserve currency. Citing ’volatility risks’—because, of course, fiat currencies are bastions of stability—the SNB joins the chorus of institutional skeptics.

Gold bugs and crypto maximalists alike are rolling their eyes. Meanwhile, the Swiss franc continues its quiet dominance as the world’s most boring safe-haven asset.

Fun fact: The SNB’s $1 trillion balance sheet still holds 1,040 tonnes of gold. Because nothing says ’21st century monetary policy’ like hoarding prehistoric metal in underground vaults.

Swiss National Bank (SNB) President Martin Schlegel announced at the 2025 General Assembly that the bank has rejected adding Bitcoin to its reserves. He pointed to concerns over liquidity and volatility risks as the main reasons for the decision. However, the SNB still has indirect Bitcoin exposure through its investments in companies like Tesla, MARA Holdings, and CleanSpark, as of the end of 2024. The bank remains cautious about direct Bitcoin holdings. Contine Read