Swiss Bitcoin reserve bid fails after only half the required signatures collected

Switzerland's initiative to require the Swiss National Bank to hold Bitcoin alongside gold and foreign currency reserves has ended after campaigners gathered only about half of the needed 100,000 signatures for a national referendum. The proposal aimed to integrate Bitcoin into the country's official reserves but faced challenges due to concerns over Bitcoin's volatility, liquidity, and reserve management. Although the campaign did not succeed, it sparked formal debate on Bitcoin's role in monetary policy. The Swiss National Bank remains cautious, prioritizing stability and liquidity, reflecting a broader global hesitance among central banks to adopt cryptocurrencies as reserve assets.