- Deutsche Bank predicts Bitcoin could be added to central bank reserves by 2030 as its volatility falls and its behavior resembles gold, despite not being “backed by anything.” Recent surges in gold and Bitcoin, driven by central banks seeking diversification and companies creating Bitcoin “treasuries,” show Bitcoin’s growing appeal as a safe-haven asset.
The price of Bitcoin briefly topped $125,000 yesterday, a new record high. And as its price goes up, its relative volatility declines, a new analysis by Deutsche Bank argues. That factor is making Bitcoin more like gold—an asset that has a fixed supply and a low price correlation with other assets.
