Bitcoin fell below $ 110,000, marking its first time in this level in three weeks. Cryptocurrency is now more than 12 % below its highest historic $ 124,000, reached in August. Deutsche Bank analysts concentrate beyond recent Bitcoin price fluctuations, suggesting that it could possibly be recognized alongside gold in the assessments of central banks. If this happens, this could attract significant investments from both governments and institutional investors.
In summary
- Deutsche Bank analysts suggest that Bitcoin could ultimately be recognized alongside gold in the assessments of central banks.
- Gold recently reached record levels, exceeding $ 3,700 per ounce, while Bitcoin market capitalization continues to grow with expansion margin.
- At the same time, Bitcoin fell below $ 110,000 for the first time in three weeks and is now more than 12 % under its highest historic.
Gold and bitcoin: the future of official reserves
Marion Laboure, research analyst at the Research Institute Deutsche Bank, explained that gold has long been the main alternative active. However, the creation by the Trump administration of an American strategic reserve in March rekindled discussions on the possibility that Bitcoin is owned as reserve assets by central banks.
Laboure indicated that in 2030, gold and bitcoin could coexist in official assessments, giving governments the possibility of diversifying their assets.
Trump pushes for an American Bitcoin reserve
On the political side, Donald Trump has constantly shown his support for cryptocurrencies. During his campaign, he undertook to make the United States a world center for digital assets. Since its entry into office, the regulations in the sector have softened, coinciding with a rise in bitcoin and the wider crypto market after its election.
On this momentum, Trump then issued a directive aimed at establishing a Bitcoin reserve. Although the order has not included detailed instructions, the Treasury Secretary Scott Bessent explained on X in mid-August that the plan would be implemented without increasing government spending. He also confirmed that the government had already received Bitcoin, which now trains the basis of the strategic reserve defined earlier this year.
The growing BTC role in global finance
At the same time, gold recently reached record levels, exceeding $ 3,700 per ounce, with a market capitalization of around 25,000 billion dollars. Bitcoin market capitalization is around $ 2,000 billion, analysts noting that it still has a growth room. Gadi Chait, head of investments at Xapo Bank, said Bitcoin is there to stay and that his next chapter is just beginning.
Deutsche Bank analysts also stressed that Bitcoin shares qualities with gold, especially as a reserve of value. Marion Laboure explained that Bitcoin can serve both asinvestment and digital assets for paymentswith long -term perspectives supported by an increase in income.
This parallel with gold has gained even more weight in August, when a research document of the Federal Reserve suggested that the United States government could reassess its gold assets, increasing their recorded value from 11 billion to $ 750 billion.
During the Eastern Economic Forum earlier this month, Anton Kobyakov, principal advisor to Russian President Vladimir Putin, said the United States seeks to redefine the way gold and digital assets are part of global finance. He suggested that America could turn to cryptocurrencies to reduce its debt by 35,000 billion dollars while reshaping the system to its advantage. Meanwhile, Trump, during his campaign, also mentioned the idea that Bitcoin could be used to help lighten the burden of national debt.
In this context, some countries already include Bitcoin in their strategic reserves, while some companies add it to their balance sheets. Together, these movements indicate growing recognition of Bitcoin as a major asset alongside traditional financial assets.
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