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Deutsche Bank Predicts Global Central Banks May Hold Significant Amounts of Bitcoin/ Gold by 2030
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Marion Laboure, a Senior Economist of Deutsche Bank, and analyst Camilla Siazon released a report predicting that, by 2030, global central banks may hold significant amounts of Bitcoin and gold, driven by increasing institutional recognition of these assets and a weakening USD, according to foreign media. Allocating Bitcoin may reflect a new and modern cornerstone of financial security for central banks, mirroring the role of gold in the 20th century, the report said. The rise in gold is largely driven by de-dollarization or reduced reliance on USD, a situation that also benefited Bitcoin. The share of the USD in global reserves has fallen from 60% in 2000 to the current 41%. The report suggested that Bitcoin and gold will not completely replace the USD. Digital assets should remain as a complement to national currencies in central bank reserve strategies. Reduced volatility and increased regulatory support significantly enhanced confidence in the broader market for digital assets. AASTOCKS Financial News Website: www.aastocks.com |
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