A group of proponents of Bitcoin have started a campaign in Switzerland To persuade the Swiss National Bank (SNB) to include Bitcoin in its balance sheet.
According to the Swiss daily Neue Zürcher Zeitung, an advocacy organization is bringing back an effort to persuade members of the Swiss National Bank (SNB) to include Bitcoin in its funds, claiming that doing so will safeguard Switzerland’s economic independence. At a meeting on April 26, pro-bitcoin campaigners will pitch the concept to an SNB committee.
Yves Bennaïm, a board member of the Bitcoin Association Switzerland spearheading the campaign, informed local media that the group is getting ready to submit documentation on its proposal to Switzerland’s State Chancellery, a crucial step to propose the SNB.
According to NZZ, the purpose of the suggestion is to initiate a discussion on how the country’s monetary policy may be used to “protect [Swiss] sovereignty and neutrality.”
Luzius Meisser, the group’s collaborator on the idea, claims that the addition of Bitcoin to the SNB’s reserves will strengthen Switzerland’s decoupling from the European Central Bank (ECB).
The president of asset management Bitcoin Suisse, Luzius Meisser, told local media that Switzerland would demonstrate its independence from the European Central Bank by putting Bitcoin in its reserves. Further, saying, “such a step would strengthen our neutrality.”
Supporters of Bitcoin have already argued in favor of including it in the SNB’s reserves. An advocacy group suggested in 2022 that the SNB buy Bitcoin every month for one billion Swiss francs instead of German government bonds, according to NZZ.
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