Deutsche Bank has issued a bullish forecast, predicting that both Bitcoin (BTC) and gold will likely appear on central bank balance sheets by 2030 as reserve assets.

In a new report titled “Gold’s reign, Bitcoin’s rise”, the bank argued that Bitcoin’s declining volatility and rising legitimacy are increasingly making it resemble gold, positioning it as a modern hedge against inflation and geopolitical risk.

The bank noted that both assets are benefiting from a global trend of central banks diversifying away from the weakening U.S. dollar.

This dynamic has pushed Bitcoin to a new record high above $125,000, while gold has rallied nearly 40% year-to-date, approaching the $4,000 mark.

According to Deutsche Bank analysts Marion Laboure and Camilla Siazon, Bitcoin’s trajectory mirrors gold’s historical role. 

Just as gold transitioned from being viewed with skepticism to becoming a cornerstone of financial security, Bitcoin is following a similar path. Its fixed supply, growing liquidity, and adoption as a corporate “treasury” asset are accelerating its acceptance.

“A strategic Bitcoin allocation could emerge as a modern cornerstone of financial security, echoing gold’s role in the 20th century. Assessing volatility, liquidity, strategic value and trust, we find that both assets will likely feature on central bank balance sheets by 2030,” the bank said.

Role of Bitcoin treasuries

The bank added that hundreds of companies now hold Bitcoin on their balance sheets, a trend that further supports its safe-haven appeal. 

Meanwhile, central banks continue to steadily accumulate gold, seeking protection against U.S. political uncertainty and currency weakness.

The report concluded that both Bitcoin and gold are poised to serve as structural components of global reserves within the next five years.

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