Deutsche Bank Predicts Central Banks May Hold Bitcoin by 2030
Deutsche Bank, a leading global investment bank, predicts central banks could hold Bitcoin alongside gold by 2030. This marks the first time Bitcoin might be part of official reserves.
The report gained attention after Matthew Sigel, head of digital asset research at VanEck, shared it publicly. Crypto investors are discussing the possibility of Bitcoin joining central bank reserves.
Bitcoin to Complement Gold, Not Replace It
Deutsche Bank said Bitcoin will stand beside gold, not compete with it. Both are seen as safe assets during economic uncertainty. The bank expects central banks to gradually add Bitcoin and gold to their reserves.
“So long as we are human, Bitcoin and other alternative assets will likely continue to compete for our attention,” the report stated.
Bitcoin’s limited supply supports this view. Nearly 19.92 million of the 21 million coins are already mined. The remaining 5% will be mined over the next 115 years, increasing scarcity.
With a market cap of $2.2 trillion, Bitcoin’s scarcity and inflation hedge reputation may encourage governments to include it in reserves.
Bitcoin’s Path Mirrors Gold’s Early History
The report compares Bitcoin’s development to gold’s early days. Gold faced skepticism and price drops before becoming a key asset. Between 1980 and 2001, gold’s price fell 60% before rising to over $20 trillion in value today.
Deutsche Bank believes Bitcoin is on a similar path. Regulation and liquidity will help it mature. The bank also expects Bitcoin’s volatility to decrease as adoption grows, similar to gold’s stability over time.
Both assets recently hit record highs. In 2025, gold reached $3,703 per ounce, and Bitcoin hit $123,500 per coin. The bank attributes this to a weak dollar and concerns about the US Federal Reserve’s independence.
However, Deutsche Bank says neither Bitcoin nor gold will replace the US dollar. The dollar will remain the main reserve currency, with gold and Bitcoin serving as additional safe assets.
