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Sounds So Untrue That The Swiss National Bank Owns No Bitcoin, Although The SNB Chairman Acknowledged That They Could Buy in the Future.

<!-- SC_OFF --><div class="md"><p>Coindesk reported on Friday that the Swiss National Bank (SNB) isn't currently enthusiastic about holding bitcoin (BTC), but could move quickly to do so at some point, said Chairman Thomas Jordan.</p> <p>"Buying bitcoin is not a problem for us, we can do that either directly or can buy investment products which are based on bitcoin," Jordan said in response to a question at the SNB's annual meeting. "We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet."</p> <p>He also added that, "We do not believe bitcoin meets the requirements of currency reserves."</p> <p>According to an annual report published in March, the SNB's reserves as of Dec. 31, 2021, came to just over CHF1 trillion (US$1.03 trillion). The U.S. dollar accounts for 39% of reserves, the euro 37%, Japan's yen 8% and the U.K.'s pound 6%. Gold holdings were just shy of CHF56 billion, or less than 6% of reserves.</p> <p>I still have the doubts that they don't recently hold bitcoin but if they're looking to invest in crypto, shouldn't they look at projects with huge potential like GMT related to that as it provides security in the bitcoin mining for example, SeeSaw Protocol or Bobcoin which is really helping address pollution.</p> </div><!-- SC_ON -->   submitted by   <a href="https://www.reddit.com/user/SamanthaPiper437"> /u/SamanthaPiper437 </a> <br/> <span><a href="https://www.reddit.com/r/btc/comments/ugoc4y/sounds_so_untrue_that_the_swiss_national_bank/">[link]</a></span>   <span><a href="https://www.reddit.com/r/btc/comments/ugoc4y/sounds_so_untrue_that_the_swiss_national_bank/">[comments]</a></span>