Advertisement
AD

Main navigation

Swiss National Bank Will Not Offer Exposure to Cryptocurrencies: Chairman Explains Why

Advertisement
Fri, 30/04/2021 - 10:26
A
A
A
Swiss National Bank Will Not Offer Exposure to Cryptocurrencies: Chairman Explains Why
Cover image via stock.adobe.com
Read U.TODAY on
Google News

According to the Bloomberg Terminal, SNB Chairman Thomas J. Jordan has stated that the Swiss National Bank will not be offering cryptocurrency investments to its clients.

Advertisement

The reason is that cryptocurrencies are not liquid enough. Back in 2017, however, Jordan did consider crypto an investment asset and not a currency.

Article image
Image via Twitter

Some commentators have issued a public reminder that Tesla sold 10 percent of its Bitcoin holdings in Q1 this year in order to test Bitcoin liquidity, according to a recent tweet by Elon Musk.

Related

The CEO assured his opponent in that debate, Dave Portnoy, that he had not sold any of his BTC, though.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailboxSubscribe
TopCryptoNewsinYourMailboxSubscribe
Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD