The Swiss Bitcoin Initiative, which sought to compel the Swiss National Bank to include Bitcoin in its reserves, has failed to gather the necessary 100,000 signatures to trigger a national referendum. As the 18-month signature collection period concludes, the initiative managed to collect only about half of the required signatures. The Swiss National Bank has maintained its stance that Bitcoin's price volatility and lack of market liquidity render it unsuitable for inclusion in its foreign exchange reserves. Despite the setback, Yves Bennaim, founder of the initiative, noted that the effort has sparked important discussions on the topic.