Summary
TLDR: Bitcoin advocates in Switzerland are launching a campaign to convince the Swiss National Bank to add Bitcoin to its balance sheet by holding a national referendum to amend the constitution. If successful, Switzerland could become the first country in the West to hold Bitcoin reserves, signaling financial innovation and independence.
Key Points
1. A group of Bitcoin advocates in Switzerland, led by the nonprofit organization 2B4CH, are campaigning to convince the Swiss National Bank to add Bitcoin to its balance sheet through a national referendum to amend the constitution.
2. 2B4CH founder Yves Bennaïm believes that holding Bitcoin would help Switzerland maintain its political neutrality and sovereignty in a global environment of uncertainty. The advocates must collect 100,000 signatures from Swiss citizens within 18 months to initiate the referendum process.
3. Bitcoin Suisse President Luzius Meisser supports the campaign, suggesting that adopting Bitcoin could potentially make Switzerland billions. However, SNB Chair Thomas Jordan has resisted the idea, claiming Bitcoin does not meet the reserve criteria. If successful, Switzerland would become the first Western country to hold Bitcoin reserves, signaling a commitment to financial innovation.