Campaign founder Yves Bennaim isn&#8217;t giving up. Even after his group failed to 
gather enough signatures to force a Swiss national referendum on Bitcoin 
reserves, Bennaim said another push could follow. Related Reading: Bitcoin 
Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days The Swiss 
direct democracy system requires campaigns to hit a signature threshold within 
18 months — his team didn&#8217;t make it. A Bold Proposal That Didn&#8217;t Get Off The 
Ground The initiative would have required the Swiss National Bank to hold 
Bitcoin alongside gold and foreign currencies. Supporters argued that adding 
Bitcoin to the SNB&#8217;s reserves would reduce dependence on the US dollar and the 
euro. Bennaim drew a parallel to Switzerland&#8217;s long-standing tradition of 
neutrality, framing Bitcoin as an independent alternative to the dominant 
global currencies. He also pushed back against claims that Bitcoin lacks 
liquidity, pointing to the billions of dollars moving through international 
crypto exchanges every day. LATEST: 🇨🇭 Swiss crypto advocates are abandoning 
their bid to force the Swiss National Bank to hold Bitcoin, falling short of 
the 100,000 signatures needed for a constitutional referendum. 
pic.twitter.com/q95Eio5uCq — CoinMarketCap (@CoinMarketCap) May 8, 2026 But 
the SNB wasn&#8217;t persuaded. The bank has remained cautious, and European Central 
Bank policymakers have made their position clear — reserve assets must be 
liquid, secure, and stable. Bitcoin&#8217;s price record hasn&#8217;t helped its case. The 
cryptocurrency has dropped roughly 7% so far this year, following a record 
$126k ATH in October 2025. Europe Still Divided On Crypto In Central Bank 
Reserves Based on reports from Reuters, the failed Swiss campaign reflects a 
wider disagreement across Europe. Policymakers have not reached any consensus 
on whether digital assets belong in central bank reserve strategies. That 
debate has sharpened as crypto has become harder to ignore in global finance. 
Some institutions have been testing blockchain-based systems. Others remain 
focused on concerns about price swings, safety, and the ability to sell large 
holdings quickly without moving markets. Bennaim&#8217;s team framed the campaign as 
more than just a Bitcoin bid. They wanted Swiss officials to seriously assess 
the technologies reshaping the financial sector. A future initiative, they 
said, remains possible. AMINA is now the first regulated bank to support 
custody and trading for Canton Coin. For institutional, corporate, and 
professional investors, digital assets are increasingly about infrastructure, 
scale, and execution discipline, not experimentation. @CantonNetwork… 
pic.twitter.com/04b9Urx1Er — AMINA Bank (@AMINABankGlobal) May 6, 2026 Swiss 
Financial Firms Push Ahead With Blockchain The campaign&#8217;s collapse hasn&#8217;t 
slowed the broader Swiss financial industry. AMINA Bank recently became the 
first institution registered with Swiss financial regulator FINMA to offer 
custody and trading services for Canton Coin. Related Reading: XRP Market Now 
Controlled By Whales? Dominance Reaches 91% On Binance Through the move, 
institutional clients gain access to the Canton Network, a platform built for 
tokenization, collateral management, and settlement. Goldman Sachs, Visa, 
Citadel, and the Depository Trust &amp; Clearing Corporation are among the 
organizations backing the network. Featured image from Unsplash, chart from 
TradingView

Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank

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US-Iran standoff disrupts Persian Gulf shipping, impacts Asian supply chains

Bitcoin is presently trading above $80,000, as market bulls sustain the 
rebound from early April. However, the flagship cryptocurrency remains firmly 
in bear-market territory, down roughly 37.5% from its all-time high. Amid the 
ongoing rally, crypto analyst Aralez has outlined a potential price trajectory 
for the remainder of 2026, highlighting the key macroeconomic and market 
catalysts likely to shape Bitcoin’s next major move. Related Reading: 14,600 
Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Broke It 
Below $80K Bitcoin To Fall Again, Cycle Bottom Likely In Q3 In an X post on 
May 8, Aralez shares an interesting Bitcoin price prediction for the last 
eight months of 2026. While prices have gained by 13% in the last month, the 
market pundit predicts that Bitcoin should eventually move towards the $60,000 
before the present quarter expires. The projected price retrace is expected to 
coincide with a decline in the S&amp;P 500 below $6000, suggesting a worsening or 
unfavorable macroeconomic environment. At this point, panic is expected to 
ravage the market, leading to a sharp deterioration in investor sentiment. 
Moving into Q3, Aralez foresees a much-anticipated cycle bottom, where sell- 
off should have slowed down as long-term investors begin to boost their 
holdings. Nevertheless, there would still be general distrust of Bitcoin, with 
sentiment mostly negative. At the same time, incoming US Federal Reserve 
Chairman Kevin Warsh is expected to signal an early rate cut, which should 
boost macro confidence. Meanwhile, Aralez also projects a decline in the S&amp;P 
500 below $5,900, reinforcing the idea that broader financial markets may 
still be under pressure even as smart money quietly positions itself Related 
Reading: Ethereum Sees Sharp Decline In High-Leverage Long Positions — See 
What Happens Next Q4: New Cycle Begins Moving into Q4, Aralez anticipates a 
decisive shift into recovery territory, with Bitcoin breaking above $85,000 as 
market momentum strengthens and accumulation from earlier phases begins to be 
reflected in price action. This stage is expected to coincide with the formal 
start of Federal Reserve rate cuts, signaling a clear easing of monetary 
conditions and an improvement in overall liquidity across financial markets. 
As confidence gradually returns, the analysis suggests the beginning of a new 
market cycle, driven by renewed institutional participation and sustained 
accumulation in risk assets. At the same time, the S&amp;P 500 is projected to 
stabilize around the 6,000 level, indicating that while equities may recover 
some ground, the broader macro environment remains in a cautious rebuilding 
phase rather. At press time, Bitcoin trades at $80,416 reflecting a minor 
1.46% gain in the last hour. Featured image from Freepik, chart from 
Tradingview

8 Months To Go: Here’s How Bitcoin Could Trend In 2026 – Analyst

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potential increased reliance on gold amid economic uncertainties.
The post Global gold ETFs see $6.6B in April inflows, reversing March outflows 
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Global gold ETFs see $6.6B in April inflows, reversing March outflows

Strategy&#8217;s aggressive Bitcoin acquisition could bolster market confidence, 
potentially influencing Bitcoin&#8217;s price trajectory and corporate strategies.
The post Strategy plans aggressive Bitcoin purchases, eyes 10-20x more than 
sales appeared first on Crypto Briefing.

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American consumers now owe a record $1.33 trillion in credit card debt, a new 
all-time high that arrives as the personal savings rate collapses and interest 
rates on revolving balances hover above 21%. Hard Money Advocates Take Note 
Total U.S. credit card debt has climbed to a new all-time high of $1.33 
trillion on May […]

Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank

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