Switzerland has officially begun discussions on establishing a national Bitcoin reserve, continuing its long-standing tradition of holding a large volume of gold worth $27 billion.

A new proposal published by the Federal Office of Switzerland has called for the Swiss National Bank (SNB) to add Bitcoin to the national reserve asset portfolio, alongside gold.

Ambition to lead in the Bitcoin reserve race

Initiated by a group of crypto advocates, this proposal requires amending the law to formalize the initiative. To be considered, the campaign needs to gather 100,000 valid signatures from Swiss citizens before the deadline of June 30, 2025.

If successful in overcoming the initial phase, the Federal Assembly of Switzerland will discuss and evaluate the proposal, opening up opportunities to bolster Switzerland's position as a leading country in crypto adoption.

Switzerland is famous for its direct democratic system, frequently holding referendums to make decisions on important legislative issues, emphasizing the direct involvement of the people in the political process.

"If a country decides to establish a strategic reserve fund using Bitcoin, the 4-year cycles will no longer make sense. I've predicted this since January, considering the acceptance cycle. Think of the boom of Big Tech in 2002," entrepreneur Tyler Durden remarked.

Although the SNB has long been cautious with crypto, advocates assert that Bitcoin can become an effective tool for inflation hedging while strengthening Switzerland's role as a leading global financial innovation hub. Currently, the SNB's reserve portfolio includes fiat currencies and about 1,040 tons of gold.

Global trend: Bitcoin in national reserves

Switzerland's efforts align with the increasing international wave of considering Bitcoin as a strategic reserve asset. In the US, discussions on establishing a federal Bitcoin reserve fund are attracting attention. According to a report from Bitcoin Magazine, the adoption of this fund could help reduce the US public debt by up to 36% by 2050.

Senator Cynthia Lummis, a strong advocate for Bitcoin, has proposed a plan to accumulate 1 million Bitcoins to bolster national financial stability.

"2025 will be the breakthrough year for Bitcoin and digital assets. With David Sacks leading as 'Crypto Czar,' this will be the most pro-digital asset administration in history! I look forward to closely collaborating to pass comprehensive legislation on digital assets and a strategic Bitcoin reserve fund."

Not only the US, but other countries are also actively considering this idea. In Japan, legislator Satoshi Yamada has called for the establishment of a Strategic Bitcoin Reserve (SBR). Meanwhile, in Russia, legislators have proposed to Finance Minister Anton Siluanov the establishment of a Bitcoin reserve fund to enhance financial resilience.

Several cities and states around the world have gone further in implementing Bitcoin reserve strategies. Recently, the Vancouver City Council approved a plan to diversify its reserve fund by adding Bitcoin in order to mitigate risks from fiat currency volatility.

Switzerland's initiation of the signature collection phase is an important step in exploring Bitcoin's role in the global financial system. If approved, this proposal could usher in a new era, marking a fundamental shift in how national reserves are managed, in line with the ongoing strong digitization trends.



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