Deutsche Bank says central banks could begin holding Bitcoin alongside gold as part of their reserves by 2030, marking a potential shift in global financial strategy.
In its latest research, the bank noted that Bitcoin’s scarcity and role as a hedge against inflation may drive governments to treat it like gold. Out of 21 million total coins, nearly 95% are already in circulation, leaving a limited supply for future demand.
The report emphasised that Bitcoin would not replace gold but stand beside it as a complementary safe-haven asset. It compared Bitcoin’s trajectory to gold’s early years, pointing out that despite periods of volatility, gold grew into a $20 trillion market. Similarly, Bitcoin’s growing regulation, liquidity, and adoption could stabilise it over time.
Deutsche Bank highlighted that both assets are at record highs in 2025, with gold hitting $3,703 per ounce and Bitcoin reaching $123,500 per coin. While the U.S. dollar will remain the dominant reserve currency, the bank believes central banks could gradually integrate Bitcoin into their reserves as an additional safeguard.
