Swiss Central Bank President Rejects Bitcoin as a Reserve Currency, Cites Volatility and Liquidity Concerns

Swiss National Bank (SNB) President, Martin Schlegel, rejected Bitcoin as a nation’s currency, claiming that the asset is too volatile. Schlegel, president of SNB since October 2024, prefers assets like gold or bonds because they can bring stability to a volatile market. Bitcoin, conversely, can be highly volatile in a short period, adding volatility to […] source: https://zycrypto.com/swiss-central-bank-president-rejects-bitcoin-as-a-reserve-currency-cites-volatility-and-liquidity-concerns/