{"id":11523,"date":"2025-09-23T13:38:40","date_gmt":"2025-09-23T13:38:40","guid":{"rendered":"https:\/\/bitunikey.com\/news\/central-bank-could-embrace-bitcoin-in-just-five-years-deutsche-bank-says\/"},"modified":"2025-09-23T13:38:44","modified_gmt":"2025-09-23T13:38:44","slug":"central-bank-could-embrace-bitcoin-in-just-five-years-deutsche-bank-says","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/central-bank-could-embrace-bitcoin-in-just-five-years-deutsche-bank-says\/","title":{"rendered":"Central bank could embrace Bitcoin in just five years, Deutsche Bank says"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Central banks have long relied on gold as a safe haven, but Bitcoin is starting to make its mark with prices near record highs. Analysts Marion Laboure and Camilla Siazon say the two could co-exist on balance sheets, each playing a role in diversifying reserves.<\/p>\n<div id=\"cn-block-summary-block_4ecf132dd903eb74326590ac07300a8c\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Gold is hitting new highs, reaching $3,703 an ounce, while Bitcoin keeps climbing, trading close to its all-time high after surpassing $123,500 in August.<\/li>\n<li>Deutsche Bank analysts say the two could still \u201ccomplement\u201d each other on central bank balance sheets as alternative reserves.<\/li>\n<li>The analysts note that Bitcoin\u2019s volatility is starting to cool, suggesting it could grow alongside gold without replacing it.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>By 2025, both gold and Bitcoin (BTC) are showing remarkable strength, and according to Deutsche Bank research analysts Marion Laboure and Camilla Siazon, the two could even co-exist on central bank balance sheets by 2030. <\/p>\n<p>In their Sept. 22 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.dbresearch.com\/PROD\/RI-PROD\/PDFVIEWER.calias?pdfViewerPdfUrl=PROD0000000000603643\" target=\"_blank\" rel=\"nofollow\">report<\/a> titled \u201cBitcoin vs. Gold: The Future of Central Bank Reserves,\u201d they examined how these very different assets are gaining attention as reserves amid global economic uncertainty.<\/p>\n<p>Laboure and Siazon note that gold demand \u201cremains strong in 2025, with prices reaching a new all-time high of $3,703 per ounce in September.\u201d The analysts point to geopolitical uncertainty, ongoing central bank purchases, expectations of further Federal Reserve rate cuts, and questions over Fed independence as driving forces behind this surge. Gold\u2019s long-standing reputation as a core reserve asset is also reinforced by these factors, they added.<\/p>\n<p>At the same time, Bitcoin is making a case for itself as a potential reserve asset. The analysts highlight that the cryptocurrency has also demonstrated \u201cremarkable resilience, trading close to its all-time high after surpassing $123,500 in August.\u201d<\/p>\n<h2 class=\"wp-block-heading\">More room to run<\/h2>\n<p>Bitcoin\u2019s price strength reflects growing institutional adoption and signals its emergence as a potential hedge against macroeconomic risks, with Laboure and Siazon suggesting that the market still has \u201cmore room to run and will rise back up to $120,000 levels by the end of this year.\u201d<\/p>\n<p>This rise in Bitcoin coincides with a gradual shift in central bank reserves. The report notes that the dollar\u2019s share of global reserves has been falling: from 60% in 2000 to 43% in 2024. Gold has long been the go-to alternative, but new developments in the U.S. are fueling debate over whether Bitcoin should also play a role.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWhile gold has long been the standard alternative, the Trump Administration\u2019s landmark decision to establish a U.S. Strategic Reserve this past March reignites the argument for central banks to hold Bitcoin as a reserve asset.\u201d<\/p>\n<p>Deutsche Bank<\/p>\n<\/blockquote>\n<p>The analysts see a complementary relationship between the two assets as they note that Bitcoin and gold are deemed \u201ccomplementary alternatives to traditional safe-haven reserves\u201d due to their:<\/p>\n<ul class=\"wp-block-list\">\n<li>low correlation with other asset classes;<\/li>\n<li>relatively scarce supply;<\/li>\n<li>use as a hedge against inflation and geopolitical volatility.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Gold may still maintain its lead in official reserves for now. However, Bitcoin is likely to grow in private and alternative reserve allocations, with the analysts also anticipating that the cryptocurrency\u2019s notorious volatility could decline over time.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cCrucially, Bitcoin still lacks key components of a reserve asset: trust and transparency. However, as history has shown, during the early stages of its adoption gold was also prone to price sensitivity, and gold\u2019s volatility has declined over time.\u201d<\/p>\n<p>Deutsche Bank<\/p>\n<\/blockquote>\n<p>As Laboure and Siazon put it,  Bitcoin\u2019s volatility dropped to historic lows in August, with its 30-day volatility declining to 23% at a time that BTC\u2019s price surpassed a record high above $123,500 on Aug. 15, suggesting a gradual decoupling between price and volatility.<\/p>\n<p>Still, neither gold nor Bitcoin is likely to replace the dollar as the dominant reserve asset, the analysts note, adding that countries today \u201cwill also ensure that Bitcoin and other digital assets do not threaten the sovereignty of their currencies,\u201d reflecting lessons learned from historical attempts to reduce reliance on gold.<\/p>\n<p>Laboure and Siazon also draw a historical parallel. Like Bitcoin, gold was once \u201csubject to skepticism, suspicion and demand speculation,\u201d suggesting that Bitcoin\u2019s journey will mirror gold\u2019s path.<\/p>\n<h2 class=\"wp-block-heading\">Key catalyst<\/h2>\n<p>The report emphasizes a broader, human-driven trend, noting that Bitcoin and other alternative assets will \u201clikely continue to compete for our attention.\u201d The analysts see the U.S.-led adoption of Bitcoin as a potential catalyst for transforming the cryptocurrency from a speculative investment into a recognized component of global finance.<\/p>\n<p>In short, Deutsche Bank\u2019s analysis suggests that gold and Bitcoin are likely to co-exist in central bank reserves by 2030, each playing its own role, though the report doesn\u2019t specify what countries will be first to adopt this approach.<\/p>\n<p>Gold remains the trusted benchmark, while Bitcoin\u2019s surge reflects the growing appetite for digital alternatives. For central banks, the challenge will likely be balancing the old and the new, blending centuries-old traditions with emerging technologies.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Central banks have long relied on gold as a safe haven, but Bitcoin is starting to make its mark with prices near record highs. Analysts Marion Laboure and Camilla Siazon&hellip;<\/p>\n","protected":false},"author":1,"featured_media":121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11523"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11523\/revisions"}],"predecessor-version":[{"id":11524,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11523\/revisions\/11524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/121"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}