Bitcoin could soon have a big global buyer that has shunned it up to this point

Central banks around the world — including the Federal Reserve — could soon become big buyers of bitcoin, after historically shunning the cryptocurrency, according to the Deutsche Bank Research Institute. Monetary policy-setting institutions have traditionally skewed conservative with their reserves, holding mostly gold and Treasurys for stability and to preserve their currencies' value. Yet, the creation of a U.S. strategic bitcoin reserve in March could serve as a key catalyst for a shift. The Wall Street firm expects the cryptocurrency will enjoy greater legitimacy alongside gold as a federal holding over the next five years. "While gold has long been the standard alternative, the Trump Administration's landmark decision to establish a US Strategic Reserve this past March reignites the