Bitcoin faces a defining second. After a ten.4% weekly drop, BTC is testing key resistance at $85,900, a essential degree that would decide its subsequent transfer. In the meantime, the Swiss Nationwide Financial institution (SNB) has rejected Bitcoin as a reserve asset, citing volatility, liquidity issues, and safety dangers—a choice that would affect central banks worldwide.
Swiss Nationwide Financial institution Dismisses Bitcoin as a Reserve Asset
Bitcoin has lengthy been championed as a hedge in opposition to inflation and a digital reserve forex, however Switzerland’s central financial institution stays unconvinced.
SNB President Martin Schlegel just lately spoke out in opposition to including Bitcoin to the nation’s reserves, arguing that it lacks the steadiness and liquidity required for a central financial institution asset.
This stance clashes with a rising motion in Switzerland, the place Bitcoin advocates are pushing for a constitutional mandate requiring the SNB to carry BTC. As crypto adoption accelerates globally, the rejection raises broader questions on central banks’ willingness to combine digital belongings into their monetary techniques.
SNB chief speaks out in opposition to Bitcoin as a forex reserve

The pinnacle of the Swiss Nationwide Financial institution, Martin Schlegel, has spoken out in opposition to the acquisition of Bitcoin demanded by an initiative. For the Nationwide Financial institution, cryptocurrencies have a number of issues as an asset class. pic.twitter.com/eNjT8HW09w— Bitcoin Initiative
(@initiativeBTC) March 1, 2025
Why the SNB Rejects Bitcoin as a Reserve Asset
Regardless of Bitcoin’s $3 trillion market capitalization, Schlegel maintains that crypto stays a “area of interest phenomenon” inside the world monetary ecosystem. The SNB’s rejection is predicated on three key elements:
- Volatility Dangers – Bitcoin’s worth fluctuations make it unsuitable for financial reserves, as stability is essential for central financial institution belongings.
- Liquidity Challenges – The SNB requires instantaneous entry to reserves, and BTC lacks the liquidity wanted for fast financial coverage actions.
- Safety Issues – Software program vulnerabilities in blockchain networks introduce dangers that don’t exist in conventional belongings.
Whereas Switzerland is broadly considered a crypto-friendly nation, Schlegel made it clear: Bitcoin received’t be changing the Swiss franc anytime quickly.
What’s Subsequent for Bitcoin in Switzerland?
Regardless of the SNB’s resistance, a Swiss Bitcoin referendum is already in movement. The initiative, led by nonprofit assume tank 2B4CH, seeks to gather 100,000 signatures by June 2026 to drive a nationwide vote on whether or not Bitcoin ought to be a part of Switzerland’s central financial institution reserves.
- Switzerland’s inhabitants: 8.97 million
- Required signatures for referendum: 100,000 (~1.11% of inhabitants)
- Deadline: June 30, 2026
Whereas Switzerland debates Bitcoin’s future, different nations are actively exploring BTC as a reserve asset. El Salvador has already built-in Bitcoin into its nationwide treasury, whereas the U.S., Czech Republic, and Hong Kong are assessing related proposals.
Each day Technical Outlook: Bitcoin (BTC) – March 2, 2025
Bitcoin is at the moment buying and selling at $85,800, with a 24-hour buying and selling quantity of $21.1 billion. It has gained 1.53% prior to now day, securing its place because the top-ranked digital asset with a $1.70 trillion market cap.
Bitcoin’s latest bounce from the $79,100 help zone has introduced it again to essential resistance at $85,900, the place it faces robust promoting stress from each the descending trendline and the 50 EMA.
The present worth motion suggests a possible rejection at this degree, as Bitcoin struggles to interrupt above resistance. A failure to carry above $85,800 might set off a retracement towards $83,100, with additional draw back danger towards $79,100.
- 50 EMA Resistance ($85,900) – Value struggling to interrupt above, capping upside momentum.
- Downward Trendline Stress – BTC is approaching a breakout resolution level.
- Doji Candle Formations – Market indecision alerts potential reversal.
Conclusion
BTC/USD should shut above $86,500 with robust quantity to verify a bullish breakout, focusing on $89,400 subsequent. Nevertheless, failure to carry $85,800 could result in a drop towards $83,100, with additional draw back to $79,100 if sellers acquire management.
Last Ideas
Switzerland’s rejection of Bitcoin as a reserve asset highlights the continuing divide between conventional finance and digital belongings. Whereas the SNB stays skeptical, a rising push for a BTC referendum might problem the central financial institution’s stance.
On the similar time, Bitcoin’s worth stays at a technical crossroads, with merchants eyeing key ranges for the subsequent large transfer.
BTC Bull: Earn Bitcoin Rewards with the Hottest Crypto Presale
BTC Bull ($BTCBULL) is gaining traction as a community-driven token that rewards holders with actual Bitcoin. In contrast to standard meme tokens, BTCBULL airdrops BTC routinely when Bitcoin reaches key worth milestones, providing a powerful incentive for long-term traders.
Staking & Passive Revenue Alternatives
BTC Bull options high-yield staking, permitting customers to earn passive earnings with a formidable 154% APY. This staking system has already seen robust group participation, with hundreds of thousands of BTCBULL tokens staked.
- Present Presale Value: $0.00239 per BTCBULL
- Whole Raised: $3.07M / $3.66M goal
With investor curiosity surging, this presale gives a possibility to safe BTCBULL at early-stage costs earlier than the subsequent worth bounce.
The submit Bitcoin Key Ranges to Watch: Is a Surge Coming After Dropping 10.4% This Week? appeared first on Cryptonews.