Swiss National Bank Bitcoin Rejection
The Swiss National Bank's rejection of holding bitcoin in its reserves is due to its volatility and lack of liquidity.
Too little corroboration in the last 3 days to call a trend (5 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Central to the bill is a mandatory 20-year holding period on all BTC deposited into the Strategic Bitcoin Reserve, during which no holdings may be 'sold, swapped, auctioned, encumbered, or otherwise disposed of for any purpose'."
"Binance Research noted that periods of concentrated equity leadership have often coincided with weakness in Bitcoin as investors direct funds toward a smaller group of high-performing themes."
"Bitcoin and other digital assets are deemed unsuitable for reserve management because of extreme volatility, security risks and legal uncertainties."
""Central banks have studied holding cryptocurrencies in their reserves, but the SNB has rejected the idea, saying their prices are too volatile and the market not liquid enough.""
""Central banks have studied holding cryptocurrencies in their reserves, but the SNB has rejected the idea, saying their prices are too volatile and the market not liquid enough.""