Catenaa, Tuesday, April 29, 2025-The Swiss National Bank (SNB) has dismissed Bitcoin as a potential reserve asset, citing concerns over the cryptocurrency’s volatility.
In an official statement released on April 27, 2025, the SNB clarified that while Bitcoin holds significant interest in the global financial landscape, it does not meet the stability criteria required for reserve assets.
Despite the growing adoption of cryptocurrencies in various sectors, the SNB emphasized that Bitcoin’s price fluctuations pose risks that make it unsuitable for central bank reserves.
The decision comes amid an increasing number of financial institutions and nations evaluating cryptocurrencies as a store of value. The SNB’s stance is likely to influence other central banks considering similar moves.
“While Bitcoin’s decentralized nature and growing market capitalization are noteworthy, the asset remains too volatile to be included in reserves,” said Thomas Jordan, SNB’s Chairman. The statement further noted that the SNB will continue monitoring the evolution of digital assets but will focus on more stable alternatives for its reserve management.
Bitcoin, which has seen substantial price increases in recent years, remains under scrutiny for its price volatility and regulatory uncertainty. The cryptocurrency recently hit a price of $2.23, continuing its market fluctuation trend.
The Swiss National Bank’s decision underscores the ongoing tension between the promise of digital assets and their practical utility in traditional financial systems.
