Swiss Bitcoin Reserve Referendum Fails to Reach Signature Threshold

A Swiss campaign to force the Swiss National Bank (SNB) to hold bitcoin in its reserves has failed after collecting only about half of the 100,000 signatures needed to trigger a national referendum. The initiative sought to amend Switzerland's constitution so that the SNB would hold bitcoin alongside gold and foreign-currency reserves. The Federal Chancellery listed the proposal as an amendment requiring part of the SNB's monetary reserves to be held in gold and bitcoin, though no specific allocation was mentioned.

For cryptocurrency traders, this outcome removes a potential long-term bullish catalyst for bitcoin adoption at the sovereign level. Had the referendum succeeded, it would have signaled a major shift in central bank reserve management, potentially encouraging other nations to follow suit. The failure highlights the still-limited political appetite for integrating bitcoin into official reserves, despite growing interest from some institutional investors. Live crypto prices on NowPrice show how the market is reacting in real time, with bitcoin trading around $80,400.

Looking ahead, traders should monitor other sovereign-level bitcoin adoption efforts, such as those in El Salvador or the United States. The SNB's stance remains unchanged, but the campaign's near-success—gathering roughly 50,000 signatures—indicates a tangible grassroots push. Future data releases on central bank gold purchases or digital asset regulations could provide further clues on the trajectory of bitcoin as a reserve asset.