Switzerland Explores Bitcoin Reserve, Inspired by $27 Billion Gold Holdings

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Crypto Writer
Crypto Writer
Arslan Butt
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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Switzerland is exploring an initiative to amend Article 99 of its Federal Constitution, allowing the Swiss National Bank (SNB) to hold Bitcoin as part of its national reserves.

The proposal, spearheaded by Giw Zanganeh, Vice President of Energy and Mining at Tether, aims to modernize the country’s reserve portfolio by including BTC alongside its $27 billion gold holdings.

Published in the Federal Gazette (Bundesblatt) today, the initiative begins its signature collection phase, requiring 100,000 handwritten endorsements from Swiss citizens by June 30, 2025. If successful, the Swiss Federal Assembly will review the amendment, potentially positioning Switzerland as a global leader in Bitcoin adoption.

The SNB’s current reserves are highly diversified, including fiat currencies and approximately 1,040 tons of gold. Advocates argue that adding BTC offers a robust hedge against inflation and aligns with Switzerland’s reputation for financial innovation.

Unlike a similar 2021 initiative that fell short, this proposal gains momentum amidst global interest in BTC as a strategic reserve asset.

Global Trends in Bitcoin Reserves

Switzerland’s move mirrors growing interest among nations to include Bitcoin in their financial strategies. In the U.S., discussions are underway to establish a strategic BTC reserve. Germany’s former finance minister, Christian Lindner, has also pushed for Bitcoin adoption within the European Central Bank (ECB) and Germany’s national reserves.

The proposed amendment would require minimal legislative changes, adding just two to three words to Clause 3 of Article 99, stating that reserves must include BTC alongside gold. Proponents highlight the low-risk, high-reward potential of this inclusion, which could significantly impact Bitcoin’s credibility on a global scale.

Switzerland, already recognized as a crypto pioneer, has laid the groundwork for such an initiative. Its canton of Zug—dubbed “Crypto Valley”—introduced Bitcoin payments for government services as early as 2016, showcasing the nation’s proactive stance on blockchain technology.

Bitcoin Price Outlook Amid National Reserve Talks

Bitcoin (BTC/USD) is trading at $93,840, down 0.19% in the past 24 hours. With a market capitalization of $1.86 trillion, supported by a 24-hour trading volume of $50.06 billion, Bitcoin remains a key player in global finance. Its circulating supply stands at 19.8 million BTC, nearing the maximum limit of 21 million coins.

Technically, Bitcoin faces immediate resistance at $95,190, with further levels at $96,000 and $98,360. On the downside, critical support lies at $92,100, with deeper protection at $89,610.

Trading below its 50 EMA at $94,850 indicates short-term bearish momentum, while the RSI at 48 reflects neutral market conditions. A breakout above $95,190 could signal bullish potential, while a breach below $92,100 risks accelerating declines.

Key Insights:

  • Bitcoin Reserves: Swiss proposal targets adding Bitcoin to $1.03 trillion SNB reserves, alongside $27 billion in gold.
  • Market Sentiment: Global Bitcoin interest rises; U.S. and Germany explore similar reserve strategies.
  • Technical Levels: Bitcoin faces resistance at $95,190, with support at $92,100 and RSI at 48.02 signaling consolidation.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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