Crypto Enthusiasts Push Swiss Central Bank to Buy Bitcoin

A group of ten Swiss Bitcoin enthusiasts has launched an ambitious, multi-year campaign to persuade the Swiss central bank to buy Bitcoin. Their goal? Amend Switzerland’s constitution to include the $1.8 trillion asset alongside gold in the central bank’s currency reserves.

Why Bitcoin?

“It’s simple,” said Yves Bennaïm, Swiss scholar and founding member of the non-profit group 2B4CH. “Gold is already in the constitution, and Bitcoin has been the best-performing asset of the last decade. Why not diversify?”

A Long Road Ahead

The group won a significant early victory when the Swiss Federal Chancellery approved their initiative, giving them 18 months to collect 100,000 signatures. If successful, the Swiss National Assembly will review the amendment, and eventually, citizens will vote on it. Bennaïm estimates it could take more than three years to reach that stage.

For now, the campaign is rallying support from Bitcoin enthusiasts and their networks. However, the Swiss National Bank (SNB) remains skeptical. Martin Schlegal, SNB chairman, has criticized Bitcoin for its energy consumption and potential links to illicit activity. Former president Thomas Jordan also cited illiquidity and price volatility as reasons to avoid investing.

A Shift in Sentiment?

The campaign comes at a pivotal time. President-elect Donald Trump has pledged to build a Bitcoin reserve, while Germany’s Free Democratic Party has signaled openness to central bank Bitcoin holdings. Analysts predict several nations will create Bitcoin reserves in the near future.

Other developments, including the launch of spot Bitcoin ETFs and the adoption of crypto services by Switzerland’s state-owned PostFinance, could influence the Swiss public’s perception of Bitcoin as a viable reserve asset.

Currently, the SNB holds approximately $927 billion in assets. Whether Bitcoin will become part of this reserve remains uncertain, but the campaign marks a bold step toward bridging traditional finance and cryptocurrency.

BitGalactic’s Perspective:
While the Swiss National Bank’s skepticism is understandable, this initiative reflects a growing acknowledgment of Bitcoin’s potential role in global finance. If successful, it could signal a paradigm shift for central banks worldwide. Whether this movement gains traction or stalls, one thing is certain: Bitcoin is no longer just a fringe asset—it’s a contender for institutional legitimacy.