中央銀行，比特幣和德意志銀行：新的儲備訂單？

德意志銀行建議，到2030年，比特幣可以在中央銀行儲備中加入黃金，並在全球經濟轉變中提供多元化。

Central Banks, Bitcoin, and Deutsche Bank: A New Reserve Order?

中央銀行，比特幣和德意志銀行：新的儲備訂單？

The financial landscape is shifting, with central banks eyeing Bitcoin alongside gold. Deutsche Bank's analysis suggests a potential coexistence by 2030, reflecting a move towards diversified reserve assets.

金融格局正在轉移，中央銀行將比特幣與黃金一起注視。德意志銀行的分析表明，到2030年，潛在的共存，這反映了朝著多元化的儲備資產邁進。

Gold and Bitcoin: Complementary Assets?

黃金和比特幣：補充資產？

For ages, gold has been the go-to safe haven for central banks. But hold on, Bitcoin is muscling its way into the conversation. Deutsche Bank analysts Marion Laboure and Camilla Siazon suggest that these two seemingly different assets could actually chill together on central bank balance sheets by 2030. Their report, “Bitcoin vs. Gold: The Future of Central Bank Reserves,” points out that both are gaining traction amid global economic jitters.

多年來，黃金一直是中央銀行的首選避風港。但請堅持下去，比特幣正在努力進入對話。德意志銀行分析師Marion Laboure和Camilla Siazon建議，到2030年，這兩個看似不同的資產實際上可以在中央銀行資產負債表上放鬆身心。他們的報告“比特幣與黃金：中央銀行儲備的未來”，指出，兩家公司都在全球經濟流浪者中獲得了吸引力。

Gold's been flexing hard, hitting a record $3,703 per ounce in September 2025. Geopolitical tensions, central bank buying sprees, and whispers of Fed rate cuts are all fueling the gold rush. But Bitcoin? It's been showing off its resilience, trading near its all-time high after cracking $123,500 in August 2025.

戈德（Gold）在2025年9月的每盎司努力，每盎司創紀錄的$ 3,703。地緣政治緊張局勢，中央銀行的購買狂潮和削減稅率的耳語都在推動淘金熱。但是比特幣？它一直在炫耀其彈性，在2025年8月賺了123,500美元之後，它的交易幾乎是其歷史最高高點。

Deutsche Bank's Perspective

德意志銀行的觀點

Deutsche Bank emphasizes Bitcoin's volatility has dropped, hinting at a more mature market. They also highlight Bitcoin's potential to hedge against macroeconomic risks. It's like Bitcoin is finally growing up and trying to be responsible.

德意志銀行強調比特幣的波動率已經下降，這暗示了一個更加成熟的市場。他們還強調了比特幣對對沖宏觀經濟風險的潛力。就像比特幣終於成長並試圖負責。

The bank’s research analysts also noted that Bitcoin's correlations have been low or near-zero with most traditional assets, while remaining tightly linked to Ethereum.

該銀行的研究分析師還指出，比特幣的相關性與大多數傳統資產的相關性低或接近零，同時與以太坊緊密相關。

The Dollar's Dominance and Bitcoin's Role

美元的主導地位和比特幣的角色

Now, before you think Bitcoin is about to dethrone the dollar, pump the brakes. Deutsche Bank is clear that neither Bitcoin nor gold is likely to replace the dollar as the king of reserve assets. However, they see Bitcoin as a valuable addition, especially in emerging markets where it can sidestep capital controls and offer a more stable alternative to local currencies.

現在，在您認為比特幣要撤銷美元之前，請抽剎車。德意志銀行清楚地表明，比特幣和黃金都不可能取代美元作為儲備金之王。但是，他們將比特幣視為有價值的補充，尤其是在新興市場可以避開資本控制並為當地貨幣提供更穩定的替代品。

The Road Ahead

前面的道路

So, what's the catch? Trust and transparency. Bitcoin still needs to prove it can play nice with the big boys. But Deutsche Bank believes that as regulations tighten and adoption grows, Bitcoin's volatility will chill out, paving the way for central bank acceptance.

那麼，捕獲量是什麼？信任和透明度。比特幣仍然需要證明它可以和大男孩一起玩。但是德意志銀行認為，隨著法規的收緊和收養的增長，比特幣的波動將放鬆，為中央銀行接受鋪平了道路。

Final Thoughts

最後的想法

Will central banks be stacking Bitcoin next to their gold bars? Only time will tell. But one thing's for sure: the financial world is evolving, and Bitcoin is making a serious case for a seat at the table. It's like the cool, new kid trying to fit in with the old-school crowd. Who knows? Maybe they'll become besties.

中央銀行會在金條旁邊堆放比特幣嗎？只有時間會證明。但是可以肯定的是：金融界正在發展，比特幣正在為席位席位做出嚴重的理由。就像一個很酷的新孩子試圖適合老式人群。誰知道？也許他們會成為好朋友。