Swiss Bitcoiners are renewing their efforts to convince the Swiss National Bank (SNB) to hold Bitcoin (BTC) in its reserves by organizing a referendum to amend the Swiss Constitution.
Objective: add Bitcoin to SNB reserves
Swiss Bitcoiners have launched a call for the SNB to add Bitcoin to its reserves by amending the Swiss Constitution. However, for this referendum to take place, they need to gather over 100,000 signatures from Swiss citizens. This move reflects the importance attached to Bitcoin as a means of protecting financial value and national sovereignty in a changing global economic context.
The benefits and consequences of adding Bitcoin to SNB reserves
Adding Bitcoin to the SNB’s reserves would protect Switzerland’s sovereignty and neutrality in an increasingly uncertain world. It would set Switzerland apart from the European Central Bank and reinforce its neutrality.
If the SNB had followed Meisser’s suggestion in 2022, Switzerland would have been 30 billion Swiss francs richer. However, if the SNB doesn’t make this decision in time, other central banks could seize the opportunity.
The efforts of 2B4CH and Bitcoin Switzerland
2B4CH, a non-profit think tank, is leading the campaign to add Bitcoin to SNB reserves. They are currently preparing the necessary documents to submit the request to the Swiss Chancellery Ministry. Luzius Meisser, president of Bitcoin Suisse, is assisting Bennaïm in this initiative and will have three minutes to make the case for adding Bitcoin to SNB reserves at a meeting on April 26.
Conclusion
Bitcoin supporters in Switzerland are stepping up their efforts to persuade the Swiss National Bank to hold Bitcoin in its reserves. They are considering organizing a referendum to amend the Swiss Constitution to this effect. The initiative aims to protect Switzerland’s sovereignty and neutrality in an increasingly uncertain global context.
