Deutsche Bank forecasts that both Bitcoin and gold could become part of central bank reserves by 2030, reflecting a shift in global finance driven by a weaker U.S. dollar and heightened geopolitical uncertainty.
In its report “Gold’s Reign, Bitcoin’s Rise,” the bank highlighted Bitcoin’s standout year, surpassing $125,000 in 2025 so far, and gold’s near 50% gain, with prices reaching $4,000.
Deutsche Bank said central banks may begin to treat Bitcoin as a complementary reserve asset to gold, citing its growing liquidity, strategic relevance, and rising credibility. Both assets, it said, are likely to assume a more structural role in global reserves as governments seek to hedge against inflation, currency risk, and geopolitical instability.
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Potential impacts:
Crypto: Institutional and sovereign adoption expectations may reinforce long-term demand for Bitcoin.
Commodities: Gold’s climb above $4,000 signals enduring appeal as an inflation and geopol hedge.
FX: Highlights ongoing erosion of dollar dominance amid diversification of reserve holdings.
