Bitcoin faces a defining second. After a ten.4% weekly drop, BTC is testing key resistance at $85,900, a essential stage that might decide its subsequent transfer. In the meantime, the Swiss Nationwide Financial institution (SNB) has rejected Bitcoin as a reserve asset, citing volatility, liquidity considerations, and safety dangers—a choice that might affect central banks worldwide.
Swiss Nationwide Financial institution Dismisses Bitcoin as a Reserve Asset
Bitcoin has lengthy been championed as a hedge towards inflation and a digital reserve foreign money, however Switzerland’s central financial institution stays unconvinced.
SNB President Martin Schlegel lately spoke out towards including Bitcoin to the nation’s reserves, arguing that it lacks the soundness and liquidity required for a central financial institution asset.
This stance clashes with a rising motion in Switzerland, the place Bitcoin advocates are pushing for a constitutional mandate requiring the SNB to carry BTC. As crypto adoption accelerates globally, the rejection raises broader questions on central banks’ willingness to combine digital property into their monetary techniques.
SNB chief speaks out towards Bitcoin as a foreign money reserve

The pinnacle of the Swiss Nationwide Financial institution, Martin Schlegel, has spoken out towards the acquisition of Bitcoin demanded by an initiative. For the Nationwide Financial institution, cryptocurrencies have a number of issues as an asset class. pic.twitter.com/eNjT8HW09w— Bitcoin Initiative
(@initiativeBTC) March 1, 2025
Why the SNB Rejects Bitcoin as a Reserve Asset
Regardless of Bitcoin’s $3 trillion market capitalization, Schlegel maintains that crypto stays a “area of interest phenomenon” inside the world monetary ecosystem. The SNB’s rejection is predicated on three key elements:
- Volatility Dangers – Bitcoin’s worth fluctuations make it unsuitable for financial reserves, as stability is essential for central financial institution property.
- Liquidity Challenges – The SNB requires prompt entry to reserves, and BTC lacks the liquidity wanted for fast financial coverage actions.
- Safety Issues – Software program vulnerabilities in blockchain networks introduce dangers that don’t exist in conventional property.
Whereas Switzerland is extensively thought to be a crypto-friendly nation, Schlegel made it clear: Bitcoin gained’t be changing the Swiss franc anytime quickly.
What’s Subsequent for Bitcoin in Switzerland?
Regardless of the SNB’s resistance, a Swiss Bitcoin referendum is already in movement. The initiative, led by nonprofit suppose tank 2B4CH, seeks to gather 100,000 signatures by June 2026 to drive a nationwide vote on whether or not Bitcoin ought to be a part of Switzerland’s central financial institution reserves.
- Switzerland’s inhabitants: 8.97 million
- Required signatures for referendum: 100,000 (~1.11% of inhabitants)
- Deadline: June 30, 2026
Whereas Switzerland debates Bitcoin’s future, different nations are actively exploring BTC as a reserve asset. El Salvador has already built-in Bitcoin into its nationwide treasury, whereas the U.S., Czech Republic, and Hong Kong are assessing related proposals.
Each day Technical Outlook: Bitcoin (BTC) – March 2, 2025
Bitcoin is presently buying and selling at $85,800, with a 24-hour buying and selling quantity of $21.1 billion. It has gained 1.53% previously day, securing its place because the top-ranked digital asset with a $1.70 trillion market cap.
Bitcoin’s latest bounce from the $79,100 help zone has introduced it again to essential resistance at $85,900, the place it faces robust promoting strain from each the descending trendline and the 50 EMA.
The present worth motion suggests a possible rejection at this stage, as Bitcoin struggles to interrupt above resistance. A failure to carry above $85,800 might set off a retracement towards $83,100, with additional draw back danger towards $79,100.
- 50 EMA Resistance ($85,900) – Worth struggling to interrupt above, capping upside momentum.
- Downward Trendline Strain – BTC is approaching a breakout determination level.
- Doji Candle Formations – Market indecision indicators attainable reversal.
Conclusion
BTC/USD should shut above $86,500 with robust quantity to verify a bullish breakout, focusing on $89,400 subsequent. Nevertheless, failure to carry $85,800 might result in a drop towards $83,100, with additional draw back to $79,100 if sellers acquire management.
Last Ideas
Switzerland’s rejection of Bitcoin as a reserve asset highlights the continuing divide between conventional finance and digital property. Whereas the SNB stays skeptical, a rising push for a BTC referendum might problem the central financial institution’s stance.
On the identical time, Bitcoin’s worth stays at a technical crossroads, with merchants eyeing key ranges for the following massive transfer.
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