Bitcoin Enthusiasts Advocate for Constitutional Changes Enabling the Swiss National Bank to Buy Bitcoin
Yves Bennaïm, founder and chair of 2B4CH, a Swiss pro-Bitcoin think tank, has initiated a public campaign to amend the country’s constitution to permit the central bank to purchase and hold Bitcoin.
Luzius Meisser, President of Bitcoin Suisse, who believes that the bank should include Bitcoin in its reserves, also supports the initiative.
A Reform for Bitcoin:
Swiss Bitcoin Advocates Propose Enabling the National Bank to Purchase Bitcoin The idea of Bitcoin as a reserve asset and a hedge against global conflicts is gaining traction.
Yves Bennaïm, founder and chair of 2B4CH, a Swiss pro-Bitcoin think tank, suggests conducting a popular survey to amend the constitution to permit the Swiss National Bank (SNB) to include Bitcoin among its holdings.
This proposal seeks to preserve Switzerland’s sovereignty and neutrality while also protecting the nation from economic issues. Bennaïm has announced that preparations for this campaign are already in progress.
In an interview with NZZ, he mentioned that they are in the process of preparing documents to submit to the State Chancellery to kickstart the amendment process.
The suggested modification would alter a clause stating that the central bank “creates sufficient currency reserves from its earnings; part of these reserves is held in gold,” to instead include “part of these reserves are held in gold and bitcoin.”
Bennaïm is not alone in this endeavor; he has rallied support from fellow Bitcoin enthusiasts in the country. Luzius Meisser, President of Asset Management at Bitcoin Suisse, will also champion this initiative at the bank’s next general assembly.
He stated:
“My message also has a marketing aspect to it. However, I am firm in my belief that Swiss currency reserves should include Bitcoin.”
In 2022, the Swiss National Bank (SNB) rejected a similar proposal by Meisser and others to purchase Bitcoin instead of German bonds. At that time, Thomas Jordan, chairman of the SNB’s governing board, asserted that Bitcoin did not satisfy the criteria for currency reserves.
Nevertheless, supporters of this initiative believe that the recent approval of Bitcoin ETF instruments in the United States and Hong Kong might sway the bank’s opinion.
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