Deutsche Bank: Bitcoin will appear on central bank balance sheets by 2030

ChainCatcher news, according to CoinDesk, Deutsche Bank reported on Monday that Bitcoin is expected to become a recognized reserve asset like gold within the next decade, although gold's leading position in official reserves may continue for now.

The report shows that the dollar still accounts for 57% of global reserves, but a trend towards asset diversification is emerging, with China's holdings of U.S. Treasury bonds decreasing by $57 billion in 2024, and major markets tightening regulations on cryptocurrencies. Deutsche Bank believes that Bitcoin and gold, due to their scarcity and low correlation with other assets, will coexist as complementary tools for hedging against inflation and geopolitical risks.

On Monday, the price of gold reached a new high of $3,763 per ounce, with an increase of over 40% this year. Analysts at the bank pointed out that Bitcoin's volatility has long hindered its status as a reserve asset, but in August, its 30-day volatility hit a historic low while the price broke through $123,500, indicating it may be shedding its speculative nature.

The bank believes that both Bitcoin and gold will struggle to replace the dollar's reserve status, and their acceptance process will be similar to that of gold, with regulation, macroeconomic trends, and time paving the way for them.