Swiss National Bank chairman rebuffs Crypto as Reserve Asset

The Swiss National Bank (SNB) has rebuffed calls to hold bitcoin as a reserve asset, citing concerns over market liquidity and high value fluctuations.

"I have to admit it might not be worth much in scenarios that most of you consider normal," he said. "However, bitcoin will be worth a lot in the specific scenario of a multipolar world order with fading trust in government debt." – SNB Chairman Martin Schlegel,