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Switzerland to hold a nationwide referendum to allow the central bank to hold Bitcoin?

Bitcoin enthusiasts in Switzerland are brewing a major move: they plan to collect 100,000 signatures by June 30, 2026, to push for a nationwide referendum demanding the Swiss National Bank (SNB) include Bitcoin on its balance sheet.

What is the core of the proposal?

This proposal is initiated by Bitcoin advocates and the think tank 2B4CH, suggesting an amendment to Article 99 of the Swiss Federal Constitution, explicitly stating that the national currency reserves must include Bitcoin in addition to gold! One of the initiators, Giw Zanganeh, said this action is the "perfect timing we've been waiting for," and the long-prepared team is finally taking action.

How to collect 100,000 signatures?

Switzerland has a population of 8.92 million, and about 1.12% of the population's support needs to be collected. It seems manageable, but the challenge lies in the fact that there is only 18 months of time, and the task is not easy!

However, the Bitcoin ecosystem in Switzerland is not to be underestimated—Lugano, this small city, already has 260 businesses supporting Bitcoin payments. With such a rich atmosphere, combined with the drive from Bitcoin enthusiasts, collecting 100,000 signatures is still possible!

Support vs Opposition, the divide is clear!

Supporters believe:

Strategic significance: Making Bitcoin a national reserve strengthens financial sovereignty and responsibility.

Hedging tool: Increases the diversity of asset reserves.

Opponents, such as Swiss National Bank President Martin Schlegel, express concerns:

The Bitcoin payment method is still immature.

Cybersecurity and the energy consumption issues of Bitcoin mining.

What do other countries think?

Switzerland is not alone in this fight. The idea of Bitcoin reserves has spread to countries like the USA, Brazil, and Poland:

USA: Senator Cynthia Lummis's proposal could allow the Treasury to hold Bitcoin.

Brazil, Poland: Some politicians are also pushing for similar plans.

What's the next step?

This nationwide referendum in Switzerland is undoubtedly a significant milestone in the history of cryptocurrency. If successful, it could spark a wave of global imitation! Now it all depends on whether the 100,000 signatures can be collected.

In summary: Bitcoin entering central bank reserves would be an important step for cryptocurrency to become "mainstream!"