$1.05 trillion asset management company deutsche bank Germany’s central bank says it could buy and hold large amounts of Bitcoin and gold by 2030. London-based Deutsche Bank senior economist Marion Labour and analyst Camila Siazon wrote in a recent report that for central banks, Bitcoin allocations could reflect a new modern “cornerstone of financial security” that mirrors the role of gold in the 20th century.
Demand for Bitcoin BTC and gold is surging in 2025, with both assets soaring to new highs this year. Both are considered useful treasury alternatives to fiat currencies. Therefore, its value has skyrocketed. As a result, German analysts believe that Bitcoin has the potential to complement gold as a reserve asset over the next five years.
“The behavior we saw with gold in the 20th century has clear parallels to the way policymakers are discussing Bitcoin today,” Laboule wrote. She sees Bitcoin as another asset that has enjoyed record performance and is gaining attention as a potential asset.
Deutsche Bank argues that central banks should hold and invest in Bitcoin primarily to diversify their foreign exchange reserves, reduce exposure to dollar shocks, and gain a hedge against inflation and geopolitical risks. The essential conditions are clear regulatory rules, high liquidity, safe custody and suppressed volatility. Without these safeguards, Bitcoin’s role in reserves will necessarily remain limited.
“Neither Bitcoin nor gold will fully replace the US dollar,” added Deutsche Bank’s Labor Party. She said in the report that digital assets should continue to “complement” national currencies in the context of central banks’ reserve strategies. But this year, the asset has become even more popular and important to the economy, especially as the world’s main currency, the US dollar, faces a decline in value.
