Swiss Bitcoin reserve campaign fails to get enough signatures for national vote

A Swiss campaign to require the Swiss National Bank to hold Bitcoin as part of its official reserves failed to collect the 100,000 signatures needed for a national referendum, gathering only about 50,000. The initiative aimed to add Bitcoin alongside gold in the country's monetary reserves to enhance financial sovereignty and diversify away from traditional currencies. The Swiss National Bank has opposed adding Bitcoin due to concerns over its volatility and liquidity, which do not meet reserve asset standards. With the campaign unable to proceed to a vote, Switzerland's reserve policy remains unchanged, highlighting the gap between the country's crypto industry and national monetary policy.