Swiss Central Bank's BTC Reserve Plan Blocked Due to Fewer Than 100,000 Signatures In December 2024, Switzerland's Bitcoin Initiative organization submitted a proposal aimed at encouraging the Swiss National Bank (SNB) to allocate 1–2% of its reserves to Bitcoin, alongside gold and foreign exchange. By early 2025, the proposal officially entered the public signature phase. Supporters needed to collect 100,000 individual signatures within 18 months to trigger a nationwide referendum. With Switzerland's population exceeding 9 million, if more than 1% of people supported the initiative, it could have gained traction. However, with the 18-month deadline approaching, only half the required signatures—50,000—have been collected, meaning the proposal cannot proceed to the referendum stage. BTC already has ETFs, institutional adoption, and global trading depth. To reach the next level, many believe national central bank reserves are the key. This case with the Swiss National Bank shows that the topic of "central banks holding Bitcoin" has entered public policy discussions, but it's still far from being included on official balance sheets. Especially when it comes to gaining support from ordinary voters, the threshold is very high. Central bank reserve asset standards remain conservative, focusing on volatility, liquidity, asset security, and value preservation.