瑞士国家银行（SNB）主席警告比特币的“非常高”波动性货币稳定性风险

瑞士对传统的猛烈辩护面临着地震加密挑战，因为在全球经济动荡和地缘政治变化的情况下呼吁在国家储备中增加比特币。

Switzerland’s fierce defense of tradition faced a seismic crypto challenge as calls to add bitcoin to national reserves grew amid global economic turmoil and geopolitical shifts.

瑞士对传统的猛烈辩护面临着一项地震加密挑战，随着全球经济动荡和地缘政治转变的呼吁，向国家储备中增加比特币的呼吁不断增长。

Swiss National Bank (SNB) Chairman Martin Schlegel remained opposed to integrating bitcoin into the institution’s currency reserves during the assembly of shareholders in Bern on April 25, according to a report by Reuters.

路透社的报告称，瑞士国家银行（SNB）主席马丁·施莱格尔（Martin Schlegel）在4月25日在伯尔尼（Bern）的股东大会期间，仍然反对将比特币纳入该机构的货币储备中。

As inflation fears and geopolitical shifts deepen economic uncertainty, cryptocurrency proponents have launched a referendum initiative aiming to urge the SNB to diversify its assets by holding bitcoin alongside traditional gold reserves. They argue that such a move would better protect Switzerland’s wealth against systemic risks, especially following market instability partly linked to former U.S. President Donald Trump’s tariff policies, setting the stage for broader economic turbulence.

随着通货膨胀的恐惧和地缘政治的转变加深了经济不确定性，加密货币支持者发起了一项全民投票倡议，旨在敦促SNB通过将比特币与传统的黄金储备一起持有比特币来使其资产多样化。他们认为，这样的举动将更好地保护瑞士的财富免受系统性风险，尤其是在市场不稳定之后，与前美国总统唐纳德·特朗普的关税政策有关，为更广泛的经济动荡奠定了基础。

However, Schlegel appeared unyielding in his stance against including bitcoin in the SNB’s reserves at the assembly.

然而，施莱格尔（Schlegel）在他的大会上的SNB储备中似乎对包括比特币在内的立场表现不佳。

“Cryptocurrency cannot currently fulfill the requirements for our currency reserves,” he said.

他说：“加密货币目前无法满足我们货币储备的要求。”

The SNB’s currency reserve policy focuses on assets with high liquidity, Schlegel said, adding that this allows for rapid buying and selling of foreign exchange when necessary.

Schlegel说，SNB的货币储备政策的重点是流动性高的资产，并补充说，这可以在必要时快速买卖外汇。

Nevertheless, he highlighted the substantial volatility inherent in cryptocurrencies, noting that they typically display “very, very high” fluctuations in value, which significantly hampers their effectiveness for maintaining the resilience and stability of the bank’s reserves. These concerns continue to drive the SNB’s conservative stance on digital currencies despite external pressure.

尽管如此，他强调了加密货币固有的实质性波动，并指出它们通常在价值上显示“非常非常高”的波动，这显着妨碍了它们在维持银行储备的韧性和稳定性方面的有效性。尽管外部压力，这些担忧仍在继续推动SNB对数字货币的保守立场。

While the SNB remains steadfast in its opposition, the referendum effort underscores the ongoing debate over the future structure of Switzerland’s monetary safeguards.

尽管SNB仍然坚定不移，但全民投票的努力强调了关于瑞士货币保障措施未来结构的持续辩论。

This was not the first time Schlegel had spoken against a strategic bitcoin reserve. Last month, he told Bloomberg Television that the SNB has no plans to buy crypto assets and its foreign-exchange reserves are used for implementing monetary policy.

这不是施莱格尔第一次反对战略比特币储备。上个月，他告诉彭博电视台，SNB没有购买加密货币资产的计划，其外国交换储量用于实施货币政策。

He said digital currencies fail to meet essential requirements, such as the preservation of value, due to their significant price fluctuations. Schlegel also mentioned technical concerns, stating that cryptocurrencies are software and can have bugs, further reducing their reliability.

他说，由于价格明显波动，数字货币无法满足基本要求，例如保留价值。 Schlegel还提到了技术问题，并指出加密货币是软件，并且可能有错误，从而进一步降低了其可靠性。

Governments around the world are increasingly discussing establishing strategic bitcoin reserves, marking a significant shift in the view of cryptocurrencies as national assets.

世界各地的政府越来越多地讨论建立战略比特币储备，这标志着加密货币作为国家资产的观点发生了重大转变。

The United States took a leading step in March by establishing a strategic bitcoin reserve using BTC seized in legal cases, and also setting up a broader digital asset stockpile for other cryptocurrencies. This move has inspired similar conversations in other nations.

美国三月份使用BTC在法律案件中抓住的BTC建立了战略性的比特币储备，并为其他加密货币建立了更广泛的数字资产库存。此举激发了其他国家的类似对话。

However, some countries have remained cautious, rejecting proposals to include bitcoin in their reserves due to concerns over volatility and liquidity. In April, the German government shot down a proposal by members of the Green Party to add bitcoin to the country’s foreign-exchange reserves.

但是，由于对波动性和流动性的担忧，一些国家仍然谨慎，拒绝将比特币纳入储量中的建议。 4月，德国政府驳回了绿党成员向该国外国交换储备中增加比特币的提议。