Article reprinted from: Veronika Rinecker - Cryptonews

Niklas Nikolajsen, founder of Bitcoin Suisse, criticized Switzerland's cryptocurrency regulation, stating that it is no longer a leading location for the industry.

Nikolajsen is one of the founders of Bitcoin Suisse, one of the earliest cryptocurrency companies focused on asset storage. He predicts that the price of Bitcoin will continue to rise and may reach "seven figures" in the future.

In an interview with the Neue Zürcher Zeitung, Nikolajsen discussed not only cryptocurrency regulation and Switzerland's policies but also praised the spirit of innovation in the United States under the upcoming leadership of President Trump.

U.S. Elections and Bitcoin Halving Drive Bull Market
Nikolajsen's wealth is estimated to be between 200 million and 300 million Swiss francs. He believes that the price of Bitcoin will continue to rise.

"The highest price of Bitcoin is still in the future," Nikolajsen said, adding:
"I am one of the few who bought a large amount of Bitcoin for less than a dollar. When it reached one dollar, my friends urged me to sell. But I didn't. I still firmly believe: we are in a bull market that will last until spring. There will certainly be pullbacks, but the price of Bitcoin will one day reach seven figures."

Nikolajsen explained that the U.S. elections accelerated the current bull market, but he noted that in "halving" years, the reduction in the number of newly issued Bitcoins creates market scarcity, leading to typical price surges by the end of the year.

He also mentioned the increasing acceptance of institutional investors and Trump's announcement that if re-elected, he would purchase Bitcoin as a currency reserve.

"If the U.S. really manages to buy a million Bitcoins, all participants will feel the pressure," Nikolajsen said. He predicts that not only small investors but also businesses and governments will join this gold rush. "China will be forced to take action, and other countries that have not established Bitcoin reserves will do the same."

"Switzerland is No Longer Suitable for Creating Cryptocurrency Companies"
Nikolajsen believes that Switzerland should also hold Bitcoin as a currency reserve.

"The Swiss National Bank (SNB) buying various EU debt instruments and suffering long-term losses does not serve Switzerland's interests," he said regarding the Swiss central bank. Instead, the SNB should hold "quality assets," such as Bitcoin.

Nikolajsen stated that Switzerland has lost its leading position in cryptocurrency regulation. He added, "Switzerland is still better than many EU countries in terms of regulation, but it is certainly not a global leader." The vision of making Switzerland a global leader in the cryptocurrency industry "has faded with the personnel changes in the Federal Council."

According to Nikolajsen, the Swiss Financial Market Supervisory Authority (FINMA) has lost confidence and no longer issues banking licenses to cryptocurrency companies.

"The agency does not want crypto banks but rather 'banks that do crypto business.' Unfortunately, Switzerland is no longer suitable for creating cryptocurrency companies," he added.

Switzerland Still Attracts Crypto Investors
Despite no longer being active in the industry since the end of 2021, Nikolajsen remains one of Switzerland's most well-known cryptocurrency entrepreneurs.

Last November, he became the chairman of the Bitcoin Association Switzerland, an industry organization dedicated to strengthening Switzerland's position as a Bitcoin innovation center.

However, not all Bitcoin investors share Nikolajsen's pessimistic view. In September of this year, billionaire investor Christian Angermayer reportedly left the UK to move to Lugano, Switzerland's Bitcoin hub.

In Lugano, a small town in the Italian-speaking part of Switzerland, about 1,000 stores accept Bitcoin, making the everyday use of cryptocurrency a reality. This is partly due to a partnership with Tether, which has made cryptocurrency easier to use in daily consumption.

Since 2022, Lugano has also hosted an annual Bitcoin-themed conference called "Plan ₿ Forum."

According to a recent report by Social Capital Markets, Switzerland ranks second with a score of 74.5. Switzerland has 900 registered cryptocurrency companies and exempts long-term investors from capital gains tax.

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