Thomas Jordan, president of the Swiss National Bank (SNB), expressed deep concerns about whether to include Bitcoin in the Swiss National Bank's currency reserves at the central bank's annual general meeting on Friday.
Jordan bluntly pointed out that if Bitcoin is added to the Swiss National Bank's reserve assets, which include but are not limited to gold, foreign currencies, bonds and stocks, it may trigger a series of potential negative effects, especially an increase in carbon emissions. He emphasized the huge amount of energy consumed by Bitcoin mining and trading processes and expressed his concerns about this.
Jordan further explained: "We have not decided to invest in Bitcoin at present, and in fact, there are good reasons for this. Currency reserves are mainly used for international payments. They must be highly liquid and sustainable. We must be able to sell and buy these reserve assets at any time."
Previously, some cryptocurrency advocates have actively called for amendments to Switzerland's relevant legislation so that cryptocurrencies can be included in the country's currency reserves. However, with the statement of Thomas Jordan, president of the Swiss National Bank, this proposal seems to face considerable challenges.
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