Deutsche Bank: Bitcoin Poised to Join Gold as Central Bank Reserve by 2030 – 22/9/2025

Bitcoin (BTC $112,562.94) is on track to become a recognized reserve asset within the next decade, joining gold as a pillar of the global financial system, Deutsche Bank (DBK) said in a report Monday. While gold is expected to maintain its dominance in official holdings, the German lender argues bitcoin is moving from speculation toward legitimacy.

The report noted the U.S. dollar still accounts for 57% of global reserves, but signs of diversification are emerging. China, for example, cut its U.S. Treasury holdings by $57 billion in 2024, while momentum for crypto regulation builds across major economies.

Deutsche Bank said bitcoin and gold will likely coexist as complementary hedges against inflation and geopolitical risks, citing their scarcity and low correlation with other assets. Gold prices hit a record $3,763 on Monday, climbing more than 40% year-to-date.

One key shift is bitcoin’s declining volatility. Its 30-day volatility hit historic lows in August, even as prices surged above $123,500, suggesting the asset may be breaking from its speculative past.

Still, the bank stressed neither bitcoin nor gold is poised to dethrone the dollar, as governments are likely to defend monetary sovereignty. Instead, bitcoin’s trajectory may mirror gold’s — evolving from skepticism to broader acceptance as regulation, macroeconomic shifts, and time pave the way.

“Bitcoin could evolve from a speculative bet into a legitimate pillar of the global financial system,” the report concluded.