The President of the Swiss Central Bank made a statement about Bitcoin (BTC) on high demand!

Martin Schlegel, President of the Swiss National Bank (SNB), Your crypto coins Stating that the institution does not meet the reserve asset standards, the central bank’s reserves Bitcoin He rejected the suggestions in the direction of holding it in a definite language.

Speaking at the SNB’s annual shareholders’ meeting in Bern, Schlegel touched upon the increasing pressure of crypto money defenders, arguing that the central bank should diversify the reserves of the Central Bank in the light of increasing global economic uncertainty. The movement has gained strength since the application of new customs duties, which US President Donald Trump said that critics could destabilize international markets.

The movement aims to make a referendum attempt aiming to change the Swiss constitution and make it compulsory to hold Bitcoin as part of the official reserves of the SNB. The initiative is carried out by Bitcoin Initiative Group, founded by Luzius Meisser, one of the leading names of the Swiss crypto community.

Despite this momentum, Schlegel continued his determination. “Crypto currencies are currently not able to meet the requirements for our foreign exchange reserves,” he said. Emphasizing the reliable need to buy and sell the Central Bank, expressed concerns about market liquidity. Schlegel also pointed out the excessive volatility of crypto currencies, defined value fluctuations as “very high, very high ve and said that he doubted his role as stable reserve assets.

Meisser, who appealed to shareholders at the beginning of the meeting, argued that Bitcoin offered a strategic value in a changing geopolitical environment. Im I must admit that most of you may not be very valuable in the scenarios that most of you accept, ”he said:“ However, Bitcoin will be very valuable in the special scenario of a very polar world order in which the confidence in the state debts is reduced. ”

*It is not an investment advice.