- Switzerland crypto advocates propose Bitcoin reserve to SNB portfolio, alongside gold, dollar, and euro.
- The crypto campaigners started collecting 100,000 signatures to push SNB to adopt Bitcoin reserve.
Switzerland has always been on the frontline in terms of crypto and blockchain adoption. The advancement of blockchain technology combined with favorable regulatory frameworks have contributed to the crypto adoption in the country.
However, the country didn’t yet give a serious thought to Bitcoin strategic reserve, which has been a major trend of the crypto industry in 2025, after Trump’s re-election.
As per a recent report from Bloomberg, crypto advocates in Switzerland are proposing BTC reserves to its national bank SNB. The crypto campaigners started collecting 100,000 signatures to trigger a national vote on Bitcoin adoption. Once this is approved, Switzerland could become a global leader in terms of Bitcoin and crypto adoption.
Switzerland to Adopt Bitcoin Reserve in Addition to Gold, Dollar, and Euro Reserves
Switzerland’s Swizz National Bank currently holds gold, dollar, and euro reserves in its portfolio. To add Bitcoin in addition to its existing reserves, the Swiss Federal Chancellery started the Bitcoin reserve proposal on December 31, 2024.
Despite accepting cryptocurrencies and blockchain widely, the Swiss government was skeptical of Bitcoin reserves previously. After Trump was elected as the president of the US, the Bitcoin reserve proposals are gaining more traction across the globe.
Since most of the SNB’s reserves are foreign assets, the country’s economy is dependent on other governments. However, if the current proposal gains national vote after gathering 100,000 signatures on the campaign, the country’s financial ecosystem could become independent. The initiative has over 18 months to collect the required signatures, which is more than enough for pushing the proposal.
With Trump’s pro-crypto stance and upcoming regulatory frameworks in the US, several states in the US are also planning to adopt Bitcoin strategic reserves. Earlier today, Massachusetts Senator Peter Durant is also planning to push for a Bitcoin reserve in the state.
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