Deutsche Bank’s Research Institute argues that Bitcoin is on track to sit alongside gold in central bank reserves by the end of this decade, provided current adoption and market-structure trends persist. In a paper published on September 22, 2025, research analysts Marion Laboure and Camilla Siazon conclude “there is room for both gold and Bitcoin to coexist on central bank balance sheets by 2030,” positioning the two assets as complementary hedges rather than competitors for the same reserve slot.

Central Banks Will Embrace Bitcoin Like Gold By 2030

The report frames its thesis against a year in which gold has again validated its defensive role. Spot prices set a record high above $3,700 per ounce in September, buoyed by geopolitical uncertainty, continued central-bank purchases, expe

See Full Page