Back to today’s briefing

Story perspectives

Deutsche Bank: Bitcoin and Gold to Dominate Reserves by 2030

9/24/2025

24 4 Full Breakdown

Summary

Story summary

Deutsche Bank projects Bitcoin coexists with gold in bank reserves by 2030 as banks diversify away from the US dollar.
China cut its US Treasury holdings by $57 billion in 2024, signaling de-dollarization.
Gold hit an all-time high of $3,763 amid uncertainty; regulatory progress and institutional adoption may stabilize Bitcoin, but Peter Schiff warns gold's rise could shrink Bitcoin's share.

History

Historical Context

In 1971, President Nixon ended the Bretton Woods system, which had pegged the U.S. dollar to gold, leading to its transition to a fiat currency. This shift resulted in significant dollar depreciation, with its value declining by two-thirds from 1965 to 1981. Today, rising gold prices and China's $57 billion reduction in U.S. Treasury holdings signal growing skepticism towards the dollar and a trend towards de-dollarization.

1 of 2

Story summary

Deutsche Bank projects Bitcoin coexists with gold in bank reserves by 2030 as banks diversify away from the US dollar.
China cut its US Treasury holdings by $57 billion in 2024, signaling de-dollarization.
Gold hit an all-time high of $3,763 amid uncertainty; regulatory progress and institutional adoption may stabilize Bitcoin, but Peter Schiff warns gold's rise could shrink Bitcoin's share.

1 / 2