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

Deutsche Bank of Germany reported on Monday that Bitcoin is expected to become a recognized reserve asset in the next ten years, just like gold, although gold's leading position in official reserves may continue. The report shows that the US dollar still accounts for 57% of global reserves, but the trend of asset diversification is emerging. By 2024, China's holdings of US Treasury bonds will decrease by $57 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 for hedging against inflation and geopolitical risks. On Monday, the price of gold reached a new high of $3763 per ounce, with a year-to-date increase of over 40%. The bank's analysts pointed out that Bitcoin's long-term volatility has hindered its status as a reserve asset, but in August its 30-day volatility reached a historic low while the price surpassed $123,500, indicating that it may be breaking away from speculation. The bank believes that both Bitcoin and gold are difficult 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 for them.