Re: Just In: Swiss law maker says "Switzerland needs a Strategic Bitcoin Reserve!"
And so the Trump effect is still in the air,
nothing to do with the trump effect.. but funny how trump fangirls try to make everything about him..
actual fact the BIS (bank of international settlements) has for a few years now been drafting how all central banks of all nations can have upto 5% of their reserves held as instable crypto like bitcoin. where the regulation goes into effect january 2025
https://www.bis.org/bcbs/publ/d545.pdf (original draft 2022)
so nothing to do with trump and everything to do with international banking standards being modernised
the latest draft says they can only purchase upto 2% of fiat reserves in the form of crypto and if later the hoards total price encroaches a 5% of reserve fiat value, they will have to sell some. whereby they can only buy more if total fiat value of crypto held is below 2% again
The man mentions Bitcoin a couple of times and it becomes almost more important than Satoshi Nakamoto himself - I wonder how it is so easy to manipulate the masses to achieve any goal. Besides, how many people in the world even know that BIS exists and what it actually does?
That is too much. I don't think the commission thing is true. At least I haven't heard that from any reliable source. So, I am not sure if I should believe that.
That was obviously just my joke - did you believe for a moment that there was any truth to that?
