瑞士国家银行拒绝了持有比特币储备，理由是对加密货币市场流动性和波动性的担忧。

“对于加密货币而言，市场流动性有时似乎还可以，尤其是在自然受到质疑的危机期间”

The Swiss National Bank (SNB) has no plans to hold bitcoin (BTC) reserves despite an initiative urging the institution to consider the cryptocurrency, the bank’s president said Friday.

该银行总统周五表示，瑞士国家银行（SNB）没有计划持有比特币（BTC）储备金，尽管一项倡议敦促该机构考虑加密货币。

At the bank’s General Assembly meeting, President Martin Schlegel said that while bitcoin is recognized for its market illiquidity, especially during crises, and high volatility, the crypto does not fulfill the high requirements for currency reserves.

在银行大会会议上，马丁·施莱格尔（Martin Schlegel）总统说，尽管比特币因其市场不足而受到认可，尤其是在危机和高波动性期间，但加密货币并不能满足对货币储备的高要求。

His comments come after the Bitcoin Initiative, a bitcoin advocacy group, urged the SNB to add bitcoin to Switzerland’s treasury. The initiative’s research demonstrates that adding bitcoin would complement the Swiss National Bank's overall portfolio and yield substantial return with minimal volatility.

他的评论是在比特币倡导组织的比特币倡议之后敦促SNB向瑞士财政部增加比特币的。该计划的研究表明，添加比特币将补充瑞士国家银行的整体投资组合，并以最小的波动性获得可观的回报。

Without bitcoin, the Swiss National Bank's investments grew by about 10% since 2015. A 1% bitcoin allocation to the central bank's portfolio would have nearly doubled returns over the same period, according to a Bitcoin Initiative portfolio simulation. Annualized volatility would have increased only slightly.

自2015年以来，没有比特币，瑞士国家银行的投资增长了约10％。根据比特币倡议投资组合模拟，对中央银行投资组合的比特币分配了1％的投资将几乎翻了一番。年度波动只会略有增加。

The Bitcoin Initiative emphasized that bitcoin's volatility should not be evaluated in isolation, but in terms of its influence on the overall dynamics and performance of the investment portfolio.

比特币倡议强调，比特币的波动性不应孤立地评估，而应根据其对投资组合的整体动态和性能的影响。

“[Bitcoin] price reached new highs, it showed resilience under market stress, and it continues to be highly liquid with trading volumes in the double digit billions, every day and night, even on bank holidays,” said Luzius Meisser, a member of the Bitcoin Initiative and board member of Bitcoin Suisse.

“比特币的价格达到了新高，它在市场压力下表现出弹性，并且在每天和黑夜，即使在银行假日期间，它仍然具有高度流动性，并在数十亿美元的两位数中进行交易，”比特币Suisse的比特币董事会成员卢祖斯·米瑟（Luzius Meisser）说。

“The Bitcoin network remains one of the most reliable and secure IT systems ever created. And most remarkably, the United States has started a strategic bitcoin stockpile.”

“比特币网络仍然是有史以来最可靠，最安全的IT系统之一。最引人注目的是，美国已经开始了战略性的比特币库存。”

In an emailed statement to CoinDesk, the Bitcoin Initiative suggested that the Swiss National Bank's aversion to bitcoin might be political, as it could be perceived as "an expression of distrust towards other currencies" and harm delicate relations between Switzerland and the European Union.

在给科德斯克的一封电子邮件声明中，比特币倡议表明，瑞士国家银行对比特币的厌恶可能是政治性的，因为它可能被认为是“对其他货币不信任的表达”，并损害了瑞士与欧盟之间的微妙关系。

European Central Bank President Christine LaGarde has consistently criticized bitcoin, calling it "worth nothing" and a "highly speculative asset" linked to money laundering. In January, Lagarde said "I'm confident" that "bitcoins will not enter the reserves of any of the central banks of the General Council" of the ECB.

欧洲中央银行总裁克里斯汀·拉加德（Christine Lagarde）一直批评比特币，称其为“无价”，而“高度投机资产”与洗钱有关。 1月，拉加德说，“我有信心”“比特币将不会进入欧洲央行总理事会任何中央银行的储备”。

That was in response to comments made by Czech National Bank Governor Ales Michl that his institution was evaluating adding bitcoin to its reserves. LaGarde argued that bitcoin fails to meet the ECB's criteria for liquidity, security, and safety from criminal associations.

这是对捷克国家银行州长艾尔斯·米歇尔（Ales Michl）的评论的回应，他的机构正在评估在其储备中增加比特币。拉加德（Lagarde）辩称，比特币无法满足欧洲央行的流动性，安全性和刑事协会安全标准。

In February, Poland's central bank ruled out "keeping reserves in bitcoins under any circumstances" and the Romanian central bank warned banks not to issue loans to crypto companies.

2月，波兰中央银行排除了“在任何情况下保留比特币的储备”，罗马尼亚中央银行警告银行不要向加密货币公司贷款。

Federal Reserve chair Jerome Powell said in December 2024 that the U.S. central bank was "not allowed to own bitcoin" per the Federal Reserve Act and it's not looking to change the law.

美联储主席杰罗姆·鲍威尔（Jerome Powell）在2024年12月说，根据《美联储法》，美国中央银行“不允许拥有比特币”，这并不是要改变法律。

The Swiss National Bank has indirect bitcoin exposure through stocks that own corporate bitcoin treasuries, including 520,000 shares of Strategy, 8.12 million shares of Tesla, 580,000 shares of MARA Holdings, and 500,000 shares of CleanSpark, as of the end of 2024 according to Fintel data.

瑞士国家银行通过拥有企业比特币国库的股票间接敞口，包括520,000股战略，812万股特斯拉股，580,000股Mara Holdings和500,000股CleanSpark股票，截至2024年底，CleanSpark的500,000股。

Schlegel rejected citizen calls to add bitcoin reserves to the Swiss central bank's coffers as recently as last month. When it comes to technological advancements, Schlegel noted Thursday that the SNB is running a pilot project using central bank digital currencies to facilitate payments between financial institutions.

施莱格尔（Schlegel）拒绝了公民呼吁在上个月的瑞士中央银行的库存中增加比特币储备金。在技​​术进步方面，Schlegel周四指出，SNB正在使用中央银行数字货币进行试点项目，以促进金融机构之间的付款。

By contrast, U.S. President Donald Trump signed an executive order this year that establishes a strategic bitcoin reserve and crypto stockpile, along with a Crypto Council that will evaluate budget neutral ways to supplement U.S. digital reserves. The order further prohibits government agencies from creating or promoting a central bank digital currency in the United States out of privacy concerns for citizens.

相比之下，美国总统唐纳德·特朗普（Donald Trump）今年签署了一项行政命令，该命令建立了战略性的比特币储备和加密货币库存，以及一个加密委员会，该委员会将评估预算中立的方式来补充美国数字储备。该命令进一步禁止政府机构出于对公民的隐私问题而在美国创建或促进中央银行数字货币。