The question of whether the Swiss National Bank (SNB) is allowed to invest in Bitcoin is the subject of current debates and initiatives. While proponents emphasize the potential benefits such as diversification and hedging against inflation, critics express concerns about the volatility and risks of cryptocurrencies.
Legally, there is currently no explicit regulation prohibiting the SNB from investing in Bitcoin. The National Bank has the mandate to ensure price stability and manage currency reserves. Whether Bitcoin is suitable as part of this strategy is controversial.
Proponents argue that Bitcoin can be seen as „digital gold“ and is a useful addition to existing gold reserves. They point to the limited amount of Bitcoins and the growing acceptance as a store of value.
Critics, on the other hand, emphasize the high volatility of Bitcoin and the associated risks to the stability of currency reserves. They fear that an SNB engagement in Bitcoin could undermine confidence in the Swiss currency.
The discussion is further fueled by a popular initiative that calls for an obligation for the SNB to buy Bitcoin. This initiative shows the growing interest in Bitcoin in Switzerland and the desire for a broader public debate about the role of cryptocurrencies in the financial system.
The decision of whether the SNB should invest in Bitcoin is ultimately a political and strategic one. It requires careful consideration of the potential benefits and risks, as well as consideration of the long-term goals of the National Bank. It remains to be seen how the legal framework and public opinion will develop on this issue.
Legally, there is currently no explicit regulation prohibiting the SNB from investing in Bitcoin. The National Bank has the mandate to ensure price stability and manage currency reserves. Whether Bitcoin is suitable as part of this strategy is controversial.
