The "Bitcoin Initiative" aimed at persuading the Swiss National Bank (SNB) to include Bitcoin in its reserves is expected to be abandoned due to insufficient signatures. Under Swiss law, the initiative required 100,000 signatures within 18 months but has only gathered about half. The SNB has consistently opposed holding cryptocurrencies, citing their high volatility and insufficient liquidity as incompatible with foreign exchange reserve requirements. Proponents argue that Bitcoin could help Switzerland diversify away from reliance on dollar and euro assets, highlighting its "international neutrality."