Welcome to the US Crypto News Morning Briefing — your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to digest Deutsche Bank’s warning on equities. This warning, paired with a cautious stance on global growth, provokes the thought of where capital will flow next and what it could mean for Bitcoin (BTC).
Bitcoin News of the Day: Deutsche Bank Predicts Bitcoin on Central Bank Balance Sheets by 2030
Bitcoin is edging closer to recognition as a reserve asset, with Deutsche Bank predicting it will join gold on central bank balance sheets by the end of the decade.
The bank’s Research Institute argues that the two assets are complementary diversifiers rather than rivals.
“There is room for both gold and Bitcoin to coexist on central bank balance sheets,” read an excerpt in the paper.
Matthew Sigel, head of digital assets research at VanEck, highlighted the findings in a summary of the report on X (Twitter).
However, the crypto executive noted that Bitcoin’s volatility is set to decline, adding that neither asset needs to replace the US dollar.
Gold continues to prove its relevance as a reserve asset, reaching a record $3,725 per ounce on September 22.
“20 years ago. Gold was $470…. today above $3700. Gold is up almost eightfold. Any professional money managers out there outperforming this? If you think gold is expensive, it is because you don’t understand the dollar is actually a worthless piece of paper,” Buck, a popular user on X, remarked.
Its role as a hedge against inflation and political risk remains entrenched.
However, Deutsche Bank notes that Bitcoin shows similar resilience, breaking $123,500 in mid-August while its 30-day volatility slipped to just 2%.
Bitcoin’s Path From Volatile Bet to Central Bank Asset
The bank sees this trend as part of a structural shift. As adoption rises and regulatory frameworks mature, Bitcoin’s volatility could follow gold’s historical path, stabilizing over time.
“Gold was once risky, too,” Sigel added.
