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Investing.com -- Deutsche Bank said in a report on Tuesday that it believes both bitcoin and gold “will likely feature on central bank balance sheets by 2030,” as global monetary authorities adapt to a shifting macroeconomic landscape marked by a weaker dollar and rising geopolitical uncertainty.
In its report, titled "Gold’s reign, Bitcoin’s rise," Deutsche Bank noted that “Bitcoin is having a record-breaking year in 2025.”
The cryptocurrency “surged past $123,500 in August and then ~$125,000 in October,” while “gold, meanwhile, has also hit new highs, up ~50% YTD, and is on track to reach $4,000 by year-end.”
The analysts wrote that “as the dollar weakens, central banks face a defining question: can Bitcoin serve as a credible reserve asset alongside – or even in place of – gold?”
Deutsche Bank said “a strategic Bitcoin allocation could emerge as a modern cornerstone of financial security, echoing gold’s role in the 20th century.”
The bank said the report “builds on our recent research paper, comparing Bitcoin and gold across adoption trends, asset characteristics and macroeconomic performance.”
It added that after assessing “volatility, liquidity, strategic value and trust,” both assets appear poised to play a structural role in global reserves.
Deutsche Bank concluded that “both assets will likely feature on central bank balance sheets by 2030,” underscoring a potential long-term shift in how governments hedge against inflation, currency risk, and financial instability.