
“Swiss Bank CEO Rejects Bitcoin as Reserve Currency, Deeming it High-Risk”
In a bold declaration, Martin Schlegel, the head honcho of the Swiss National Bank (SNB), raised serious doubts about the suitability of Bitcoin as a treasure trove for Switzerland. Drawing parallels to a turbulent sea, Schlegel’s apprehensions revolve around the stormy nature, limited liquidity, and security vulnerabilities that come hand in hand with cryptocurrencies. The…