Thomas Jordan, chairman of the Swiss National Bank (SNB), said in response to questions at the SNB annual meeting that there is currently no interest in holding Bitcoin (BTC), but may move quickly at some point, buying Bitcoin is for us Not a problem, we can do this directly, or buy Bitcoin-based investment products, and we can arrange technical and operational conditions relatively quickly when we are convinced that we must have Bitcoin on our balance sheet.
However, he added that we do not believe that Bitcoin qualifies as a monetary reserve. The SNB had just over 1 trillion Swiss francs ($1.03 trillion) in reserves as of December 31, 2021, according to its annual report published in March.
The dollar accounts for 39% of foreign exchange reserves, the euro 37%, the yen 8%, and the pound 6%. Gold holdings stood at nearly 56 billion Swiss francs, or less than 6% of reserves.