Deutsche Bank: Central banks can contain large amounts of gold and bitcoin at this time

Central banks can own large amounts of bitcoin and gold by 2030, powered by growing institutional interest and a falling US dollar strength, according to Deutsche Bank AG. Marion Laboré, chief economist of the London German multinational investment bank, and analyst Camilla Ciazon, wrote in a recent report that Bitcoin’s inclusion in the central banking reserves could form a ‘modern pillar of financial security’, similar to the role played during the 20th century. This research comes in light of an unprecedented increase in the demand for bitcoin and gold, with increasing uncertainty due to US rates and geopolitical risks, which investors ask to hedge and prepare for a future in which the influence of traditional fiat currencies decreases. Gold’s return to the forefront Gold has long been considered a safe haven, and is now on its way to hitting a record level of $ 4,000 an ounce. Although the path to one of the pillars of the central banking reserves was not smooth, researchers point out that the demand for gold was firmly established on the balance sheets of the central banks to the global financial crisis in 2008. This ‘rush to safety’, of which Institutional Investors noted, led to central banks to become net buyers of gold in 2010. Today, with increasing trade uncertainty and market fluctuations, Laboré wrote that ‘gold is back’, and among other things, the golden reserves in central banks around the world exceeded 36 thousand tonnes. Why do investors flock to gold and bitcoin? Deutsche Bank analysts explained that the increase in gold prices was largely driven by the fall in dollarization or the reduction in the dependence on US currency, which also supported Bitcoin. “The share of the dollar in global reserves dropped from 60% in 2000 to 41% in 2025,” Laboré wrote. This decline led to record inflows in Gold and Bitcoin ETFs, which reached the total net inflow of $ 5 billion and $ 4.7 billion during June. She added, “The behavior we saw in the 20th century towards gold seems clear as the current debate among policymakers about Bitcoin.” She indicated that she sees bitcoin as another asset that sees a record performance and increasing interest as a potential reserve, “despite the ongoing widespread controversy surrounding it.” StableCoin Controversion Not all observers agree with the vision offered by Deutsche Bank. In a recent report, JPMorgan analysts explained that stableoins, a kind of decentralized digital currency that is usually linked to other assets, can stimulate the new demand for the US dollar. Don’t forget that gold is not a risk -free investment. Analysts explained that this effect depends on the amount of foreign investment, and expects the growth of the stable foreign exchange market to lead an extra demand for the dollar worth $ 1.4 trillion by 2027. Laboré pointed out that “neither bitcoin or gold can completely replace the US dollar.” She explained in the report that digital assets must remain ‘supplement’ to national currencies within the reserves strategy of the central banks. Reduced levels of volatility and increased regulatory support in countries such as the United States and China reflect growing confidence in broader global markets.