Martin Schlegel, President of Swiss National Bank, says he doesn't like Bitcoin.

Shocking, I know.

That's like travel agencies saying they don't like it when customers book their flights online.

The problem, for Schlegel, is that Switzerland is currently considering joining the BTC reserve bandwagon, and Schlegel believes adding Bitcoin as a constitutionally mandated asset on its balance sheet is a bad idea.

He cited lack of stability, liquidity and security risks.

"Our reserves need to be highly liquid so that they can be used quickly for monetary policy purposes if needed," Schlegel told Tamedia, a Swiss outlet.

I'm not entirely sure what he means by that, Bitcoin is highly liquid.

But anyway, he also said he doesn't see BTC potentially dethroning the Swiss franc either.

Well, he's actually correct on that front.

BTC will not dethrone the EUR, USD, CHF or GBP in the foreseeable future.

But, and this is where Mr Shlegel and everyone who thinks what he thinks is wrong, Bitcoin is here to stay.