Mars Finance News: Swiss National Bank (SNB) President Martin Schlegel stated that SNB will not include Bit in its reserve assets due to the market liquidity and high volatility risks of Bit. At the shareholders' meeting on Friday, he pointed out that the liquidity of cryptocurrencies is often questioned during crises, and volatility is not conducive to long-term value preservation. The Bitcoin Initiative research shows that if SNB had allocated 1% of Bit in 2015, its investment portfolio returns would have nearly doubled, with only a slight increase in volatility. Despite SNB's indirect exposure to Bit through holdings of Strategy, Tesla, and MARA Holdings stocks, Schlegel still rejected the proposal to include Bit in citizens' reserves. (CoinDesk)
Swiss National Bank Refuses to Include Bitcoin in its Reserve Assets
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