The head of the Swiss National Bank (SNB) said that the bank may purchase Bitcoin (BTC) in the future.
President of the Swiss National Bank, Thomas Jordan, stated that the institution is not interested in holding Bitcoin at the moment, but may make such a move at some point.
Jordan, in response to a question at the SNB’s annual meeting, said:
“Buying bitcoin is not a problem for us. We can do this directly or buy a product based on Bitcoin.
Once we are convinced that we should have Bitcoin on our balance sheet, we can quickly adjust the technical and operational conditions.”
Despite this statement, Jordan also used the phrase “We do not believe that Bircoin meets the requirements for foreign exchange reserves.”
SNB’s reserves as of December 31, 2021 stand at just over CHF 1 trillion (US$1.03 trillion), according to an annual report released in March. 39% of the bank’s reserves are in US dollars, 37% in euros, 8% in yen and 6% in pounds sterling.
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