#Switzerland Could Allow Central Bank to Hold Bitcoin#
Hot Topic Overview
Overview
Switzerland is currently working on a proposal that would require the Swiss National Bank to hold Bitcoin. Supporters of the proposal need to collect 100,000 signatures from Switzerland's 8.92 million residents by June 30, 2026, to trigger a nationwide referendum. If successful, Switzerland would become the first country in the world to allow its central bank to hold Bitcoin, which would have a significant impact on the global cryptocurrency market.
Ace Hot Topic Analysis
Analysis
A proposal demanding the Swiss National Bank hold Bitcoin, initiated by Bitcoin users, is underway in Switzerland. The proposal aims to push the Swiss central bank to include Bitcoin in its asset portfolio. To trigger a nationwide referendum, the proposal needs to gather 100,000 signatures from Switzerland's 8.92 million residents by June 30, 2026. Currently, the proposal is in the signature collection phase, with supporters having 18 months to achieve this goal. If the proposal ultimately passes, it would make Switzerland the first country in the world to allow its central bank to hold Bitcoin, potentially having a significant impact on the global cryptocurrency market. However, the proposal faces resistance from traditional financial institutions and government agencies concerned about Bitcoin's volatility and security. The final outcome remains to be seen, but the proposal will undoubtedly spark discussions about the future direction of central bank digital currencies and cryptocurrencies.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Swiss National Bank's proposal to hold Bitcoin is underway, requiring 100,000 signatures to be collected by June 30, 2026, to trigger a referendum.
If the proposal is successful, the Swiss National Bank will be allowed to hold Bitcoin, making Switzerland the first country in the world to allow its central bank to hold Bitcoin.
Proponents of the proposal argue that Bitcoin can serve as part of the Swiss National Bank's reserve assets, helping Switzerland maintain its leading position in the financial sector.
The proposal has also sparked controversy, with some concerned that Bitcoin's volatility could pose a risk to the Swiss economy.