Deutsche Bank: Bitcoin will appear on central bank balance sheets by 2030

Jinse Finance reported that Deutsche Bank stated in a report on Monday that bitcoin is expected to become a recognized reserve asset like gold within the next decade, although gold's leading position in official reserves may continue for now. The report shows that the US dollar still accounts for 57% of global reserves, but a trend toward asset diversification is emerging. In 2024, China's holdings of US Treasury bonds decreased by $5.7 billion, and major markets are tightening regulations on cryptocurrencies. Deutsche Bank believes that bitcoin and gold, due to their scarcity and low correlation with other assets, will coexist as complementary tools to hedge against inflation and geopolitical risks. On Monday, the price of gold hit a new high of $3,763 per ounce, with an increase of over 40% this year. The bank's analysts pointed out that bitcoin's volatility has long hindered its status as a reserve asset, but in August, its 30-day volatility hit a historic low while the price broke through $123,500, indicating it may be shedding its speculative nature. The bank believes that neither bitcoin nor gold is likely to replace the US dollar's reserve status, and their acceptance process will be similar to that of gold, with regulation, macroeconomic trends, and time paving the way.