Bitcoin is on the right track to reach Gold as a reserve ratio recognized during the decade, the German lender Deutsche Bank (DBK) said in a report on Monday, although the precious metal will probably keep its head in official assets for the moment.
The US dollar still represents 57% of world reserves, noted the report, but signs of diversification emerge. Chinese American treasury holdings dropped $ 57 billion in 2024 and the momentum for cryptographic regulations are built on the main markets.
Deutsche Bank maintains that Bitcoin and Gold will continue to coexist as additional covers against inflation and geopolitical risk, thanks to their rarity and their low correlation with other assets.
Gold reached a record of $ 3,763 on Monday. Precious metal has increased by more than 40% for the start of the year.
Above all, the volatility of Bitcoin, long from an obstacle to reserve status, is down, said bank analysts. Its 30-day volatility reached historic stockings in August, even if the prices broke records greater than $ 123,500, which suggests that cryptocurrency could decade from its speculative past.
The bank said that neither bitcoin nor gold is likely to dethrone the dollar, because governments will not be to protect monetary sovereignty.
Deutsche Bank sees the adoption of Bitcoin following a path similar to that of Gold, from skepticism to generalized acceptance, with regulations, macroeconomic trends and time opening the way.
While investors continue to seek alternatives to traditional assets, Bitcoin could go from a speculative bet to a legitimate pillar of the global financial system, according to the report.
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