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The President of the Swiss National Bank (SNB), Martin Schlegel, has rejected calls to add Bitcoin to the national reserves at this time, citing concerns about liquidity and price volatility.
He said that Bitcoin's liquidity is very good now, but could become questionable during a crisis, so they choose to hold Bitcoin indirectly through MicroStrategy, Tesla, and Marathon Digital (Mara) stocks.
It is worth noting that they have raised concerns about liquidity and price volatility, while in fact, Bitcoin is often sold off in large volumes during crises but is always absorbed by the market, and Bitcoin is currently less volatile than Tesla and MicroStrategy stocks.
If the SNB had allocated 1% of its portfolio to Bitcoin since 2015, its portfolio yield would have nearly doubled with a very small increase in volatility. 0 reply
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