The Swiss National Bank (SNB)'s campaign for a Bitcoin (BTC) reserve plan is expected to end without meeting the requirements for a public referendum. According to Reuters, only about half of the 100,000 signatures required to initiate a referendum for the amendment were secured. The proposal aimed to include BTC alongside gold and foreign currencies in the SNB's foreign exchange reserves. However, the SNB has consistently maintained that 'cryptocurrencies are highly volatile and lack sufficient liquidity,' thus not meeting the requirements for reserve assets. Yves Bennaim, who initiated the campaign, argued that 'BTC can be an alternative asset to the dollar and euro, and is an internationally neutral asset.'
