Gold and Bitcoin: Partners, Not Rivals?
Gold has long been seen as the ultimate hedge and store of value for central banks. However, Bitcoin is emerging as a modern alternative—or even a complement. As both assets share properties like limited supply and resistance to inflation, Deutsche Bank suggests that they might coexist on balance sheets.
The idea isn’t that Bitcoin will replace gold, but rather join it as part of a diversified reserve strategy. This marks a significant shift in traditional finance thinking, where Bitcoin was once viewed purely as a speculative asset.
TODAY: Deutsche Bank says Bitcoin and gold may both appear on central bank balance sheets by 2030, citing declining volatility, fading skepticism, and US-led adoption. pic.twitter.com/oQbaXbTqs5
— Cointelegraph (@Cointelegraph) October 8, 2025
A US-Led Adoption Wave is Changing Global Sentiment
Deutsche Bank’s outlook also attributes this shift to increasing institutional and government-level adoption, especially in the US. Regulatory clarity, the approval of Bitcoin ETFs, and growing infrastructure are making it easier for large institutions—including possibly central banks—to consider Bitcoin as a legitimate asset class.
If current trends continue, the idea of Bitcoin in central bank vaults may move from speculation to reality within the decade.