Articles for tag: Bitcoin, Bitcoin adoption, Cryptocurrency Volatility, Martin Schlegel, monetary policy, reserve asset, Swiss National Bank

March 2, 2025

Swiss National Bank President Declares Bitcoin Unfit as a Reserve Asset, Says Recent Report on TradingView News

Swiss National Bank President Martin Schlegel has expressed reluctance to adopt Bitcoin as a reserve asset for Switzerland. He cites concerns about Bitcoin’s volatility, liquidity issues, and security risks associated with its software reliance. Schlegel’s stance contrasts with a proposal from the Swiss nonprofit group 2B4CH, aiming to constitutionally require the bank to hold Bitcoin. ...

March 2, 2025

Market News

Crypto

Swiss Central Bank President Declares Bitcoin Not a Worthy Reserve Asset: Key Insights from Recent Report

Swiss National Bank President Martin Schlegel has expressed strong opposition to the idea of making Bitcoin a reserve asset for Switzerland. He cites concerns over Bitcoin’s volatility, liquidity, and security risks, arguing that these factors make it unsuitable for maintaining the stability of the bank’s investments. This stance contrasts with proposals from the Swiss nonprofit ...

December 26, 2024

Market News

Crypto

Bitcoin vs. Gold: Why Bitcoin is Emerging as the Future of Reserve Assets

Bitcoin is increasingly seen as a contender to replace gold as the world’s leading reserve asset amidst rising inflation and economic uncertainty. Countries such as El Salvador and Brazil are looking to Bitcoin to enhance their financial security, with El Salvador holding nearly 6,000 Bitcoins, valued at over $560 million. Experts believe that Bitcoin offers ...

December 16, 2024

Market News

Crypto

Bitcoin’s Shift to Neutral Reserve Asset: Investor Luke Gromen Highlights BTC’s Rising Role in National Security Concerns

Macro expert Luke Gromen argues that the U.S. may need to elevate Bitcoin to a neutral reserve asset, especially in light of national security concerns stemming from Russia’s actions in Ukraine. He believes this shift might help revive U.S. industries weakened by reliance on the fiat currency system, which has hindered defense manufacturing. Gromen sees ...