Bitcoin’s Path Toward Reserve Status Echoes Gold’s Rise, Deutsche Bank Says
Deutsche Bank (DBK) believes bitcoin is moving from a speculative trade to a legitimate pillar of the financial system, projecting it could be held by central banks alongside gold by 2030.
The lender highlighted parallels to gold, arguing the two assets will coexist as complementary hedges against inflation and global instability. Gold surged to $3,763 Monday, extending its 40% year-to-date rally.
Crucially, bitcoin’s volatility has begun to decline. Its 30-day volatility fell to historic lows in August even as the cryptocurrency hit fresh records above $123,500, signaling a potential shift away from its speculative reputation.
Despite this, Deutsche Bank stressed that neither bitcoin nor gold will unseat the U.S. dollar, which still comprises 57% of global reserves. Instead, it expects bitcoin’s adoption to follow gold’s trajectory — from skepticism to gradual acceptance as regulation and macroeconomic trends evolve.
