Swiss National Bank's Martin Schlegel rejects Bitcoin as a reserve asset, calling it too volatile and lacking liquidity. Switzerland debates a new financial direction!
Ah, Switzerland, land of neutrality, cheese, and now financial caution. The president of the Swiss National Bank, Martin Schlegel, has spoken: Bitcoin might be the digital darling, but it won't be joining the Swiss reserves anytime soon. For Schlegel, Bitcoin's wild price swings and thin liquidity just don't cut it for the serenity-loving Swiss franc. It's a classic tale of old money having a cautious side-eye at the crypto revolution!