Swiss central bank bitcoin reserve push fails over signature shortfall

60-second summary
The Swiss central bank's push to amend the constitution and hold Bitcoin alongside gold and foreign-currency reserves is failing due to a signature shortfall. The initiative requires 100,000 voter signatures within three months, but as of now, it has collected only a fraction of that number, approximately 10,000 signatures, leaving its future uncertain amidst market fluctuations and regulatory concerns.
The initiative sought to amend Switzerland's constitution, requiring the Swiss National Bank (SNB) to hold BTC alongside gold and foreign-currency reserves.