Now comes the popular initiative that wants to oblige the National Bank to buy Bitcoin

Hi everybody, just saw this news article and I thought it will be interesting to know what you think about it? Here is the news: Volksinitiative: Die Nationalbank soll in Bitcoin investieren

I don’t know anything about this group, who they are and what is their chance? However, the idea that a central bank (any central bank) can have its reserves in BTC is something that never seem so real.


Chances of it winning a popular vote in Switzerland are about 0%. Folks are excited by the idea of a central bank sending Bitcoin prices on the moon but crypto holders are a minority of the population and the Swiss Frank is one of the strongest currencies there is.

The initiative is good publicity, though, and may generate some enthusiasm around Bitcoin, pumping its price a bit higher for those who push it to profit.