Bitcoin (BTC) is on track to join gold as a recognized reserve asset within the decade, German lender Deutsche Bank (DBK) said in a report Monday, though the precious metal will likely keep its lead in official holdings for now.

The U.S. dollar still makes up 57% of global reserves, the report noted, but signs of diversification are emerging. China’s U.S. Treasury holdings fell $57 billion in 2024, and momentum for crypto regulation is building in major markets.

Deutsche Bank argues that bitcoin and gold will continue to coexist as complementary hedges against inflation and geopolitical risk, thanks to their scarcity and low correlation to other assets.

Gold hit a record high of $3,763 on Monday. The precious metal has risen over 40% year-to-date.

Crucially, bitcoin’s volatility, long

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