Bitcoin as a reserve currency alongside gold? Deutsche Bank sees potential until 2030
Deutsche Bank has taken another look at Bitcoin. Its analysts recognize parallels to classic stores of value and see the cryptocurrency as a growing promise of stability.
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• Deutsche Bank considers Bitcoin to be a possible reserve asset alongside gold by 2030
• Bitcoin has parallels with gold: limited supply and protection against dollar weakness
• Uncertainty remains due to high volatility and cybersecurity concerns
Bitcoin as an alternative in uncertain times
Bitcoin could therefore play a similar role to gold in the long term. In a report from the Deutsche Bank Research Institute, Marion Labore and Camilla Siazon write that the cryptocurrency will have become a “mature market with growing institutional acceptance” in 2025. The price has reached new records of over $120,000, while at the same time volatility has fallen to historic lows.
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The analysts interpret the latest market developments as signs of a fundamental change. Like gold, Bitcoin has also developed into an asset that represents an alternative for investors in times of geopolitical uncertainty and a devaluation of the dollar.
Why Bitcoin could be a complement to gold
According to reports from Deutsche Bank, Bitcoin and gold share key characteristics such as scarcity, liquidity and independence from government institutions. “We conclude that both gold and Bitcoin can coexist on central bank balance sheets,” Labore and Siazon write. Both values could become permanent components of official reserves by 2030.
CryptoNews highlights that Deutsche Bank calls Bitcoin a “modern cornerstone of financial security.” The cryptocurrency is not only cheaper to store than gold, but is now also used as a strategic reserve asset by several countries – for example El Salvador, Ukraine and the United States of America.
Between advancement and risk
Despite all the positive developments, Bitcoin remains a risky investment for Deutsche Bank. Less than a third of all activity on the network is of a genuine transactional nature, the report says. Cyberattacks and technical security risks also continue to pose serious challenges, according to Labore and Siazon.
Investing.com also points out that many central banks such as the Fed and the ECB currently have no plans to include Bitcoin as a reserve asset. Fed Chairman Jerome Powell emphasized that the legal framework does not currently allow this.
How Bitcoin becomes a reserve currency
In their analysis, Marion Labore and Camilla Siazon list five requirements for Bitcoin to establish itself as a reserve currency: The cryptocurrency must complement gold instead of replacing it, become more stable, not pose a threat to the US dollar, establish itself step by step and arouse sustained investor interest.
Deutsche Bank sees Bitcoin “on the path from a speculative investment to a recognized store of value”. If this change succeeds, the cryptocurrency could actually appear alongside gold in the reserves of some central banks by 2030.
Editorial team finanzen.net