Deutsche Bank "Central banks worldwide will adopt Bitcoin as a major reserve asset"

An analysis suggests that central banks around the world are likely to hold Bitcoin (BTC) alongside gold as a major reserve asset by 2030. With a weaker US dollar and the spread of institutional investors coinciding, there is a view that Bitcoin could solidify its position as a 21st-century form of gold.

On the 9th (local time), Bloomberg reported that Deutsche Bank said in a report, "Bitcoin could emerge as a new 'cornerstone of financial security' in central banks' asset allocations."

Gold surpassed $4,000 per ounce this year to reach an all-time high, and Bitcoin is also trading near recent highs. Demand for both assets surged as the preference for safe-haven assets strengthened amid geopolitical risks and U.S.-China trade uncertainty.

In particular, the share of the dollar in global foreign exchange reserves fell from 60% in 2000 to 41% in 2025. The report said, "The de-dollarization trend has promoted inflows into spot gold and Bitcoin exchange-traded funds (ETFs)," adding, "In June, the net inflows into ETFs for the two assets were record highs at US$5 billion and US$4.7 billion, respectively."

Marion Laboure, Deutsche Bank's lead economist, said, "If gold was the symbol of financial stability in the 20th century, Bitcoin will partially replace that role in the 21st century," adding, "The decline in the dollar's share and demand for inflation hedges support this movement."

Laboure said, "Just as central banks began net buying gold from 2010, discussions among policymakers about considering Bitcoin as a reserve asset are increasing," but added, "However, Bitcoin and gold cannot completely replace the dollar. Forming a complementary relationship with national currencies is the realistic scenario."