$BTC

Switzerland wants a national referendum to let the central bank hold Bitcoin?

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

What is the core of the proposal?

This proposal is led by Bitcoin advocates and the think tank 2B4CH, suggesting an amendment to Article 99 of the Swiss Federal Constitution to explicitly state that the national monetary 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 gather 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 like a small number, but the difficulty lies in the fact that there are only 18 months of time, and the task is not easy!

However, Switzerland's Bitcoin ecosystem is not to be underestimated—Lugano, a small city, already has 260 businesses supporting Bitcoin payments. With such a strong atmosphere, combined with the drive of Bitcoin enthusiasts, gathering 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: Increasing the diversity of asset reserves.

Opponents, such as Swiss central bank president Martin Schlegel, are concerned about:

The immaturity of Bitcoin payment methods.

Cybersecurity and energy consumption issues related to Bitcoin mining.

What do other countries think?

Switzerland is not fighting alone. The idea of Bitcoin reserves has spread to countries like the United States, Brazil, and Poland:

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

Brazil, Poland: Some politicians are also promoting similar plans.

What are the next steps?

This national referendum in Switzerland is undoubtedly a significant milestone in the history of cryptocurrencies. If successful, it could trigger a wave of imitation worldwide! Now it all depends on whether they can gather those 100,000 signatures.

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