Swiss Central Bank Governor Speaks About Bitcoin (BTC) – Responds To The Idea Of A BTC Reserve

Martin Schlegel, President of the Swiss National Bank (SNB), discussed the idea of the bank holding Bitcoin in his statement.

Martin Schlegel, President of the Swiss National Bank (SNB), has rejected the idea of keeping part of the central bank’s reserves in Bitcoin, arguing that cryptocurrencies do not meet the basic characteristics of a reliable currency.

His comments, made in an interview with newspaper group Tamedia, come amid a wider debate in Switzerland over Bitcoin’s potential role in the country’s monetary policy.

Schlegel said cryptocurrencies are extremely volatile and therefore not suitable for long-term reserve management. “Our reserves need to have high liquidity so that they can be used quickly for monetary policy purposes when necessary,” he said.

Source : bitcoin sistemi

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