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Report: Chairman of the Swiss Central Bank Expresses Doubt on Bitcoin as a Reserve Currency
The chairman of the Swiss National Bank (SNB) reportedly remains unconvinced about the benefits of holding Bitcoin (BTC) as a reserve currency, according to a report from Reuters. During the central bank’s annual general meeting, Thomas Jordan expressed concerns about the liquidity and sustainability of cryptocurrency as a reserve asset. Despite calls from crypto stakeholders for the SNB to invest in BTC, Jordan emphasized the importance of maintaining a safe and stable currency. Bitcoin is currently trading at $63,002, experiencing a 2% decline in the past 24 hours. As always, it is essential for investors to conduct thorough research before making high-risk investments in digital assets.