Switzerland To Vote For Bitcoin Reserve, Stressing Donald Trump's Role in Growing Cryptocurrency Acceptance

Cryptocurrency advocates nationwide propose considering BTC as a reserve asset along with the dollar, euro, and gold.

Switzerland is preparing to add Bitcoin to its reserve currency as part of a broader effort to increase cryptocurrency adoption, which has been fueled by Donald Trump's progressive policies.

Cryptocurrency advocates across the country are proposing that BTC be designated as a reserve asset alongside the dollar, euro, and gold. This measure would effectively legalize Bitcoin in the European nation.

According to a recent report, campaigners have begun collecting 100,000 signatures to trigger a national vote on Bitcoin adoption. This move could put pressure on the Swiss National Bank (SNB) to reconsider its negative stance on the flagship cryptocurrency.

Switzerland to Vote on Bitcoin Reserve

The Bitcoin reserve proposal was initiated by the Swiss Federal Chancellery on December 31, 2024, after a previous attempt failed in October 2021. The initiative gained momentum when Donald Trump, who has positioned himself as the "crypto President," won the 2024 US election.

The country launched the BTC proposal as an amendment to the Swiss Federal Constitution, which would allow for the addition of Bitcoin to the SNB portfolio. The deadline to gather the required signatures is June 30, 2026. Once the signatures are collected, the proposal will be submitted to the Federal Assembly and then to a public vote.

Commenting on the positive sentiment among the Swiss public towards a BTC reserve, crypto enthusiast Rino Borini said,

People here definitely show more interest and openness for Bitcoin as a store of value than in neighboring countries. It’s like with cash. The Swiss like it for its security and privacy.

BTC outperforming centralized assets