德银：机构投资者兴趣日增以及美元弱势持续，预期至2030年，黄金及比特币有望成为央行主要储备资产

Core Insights - Deutsche Bank's report indicates increasing interest from institutional investors and a continued weakness of the US dollar, predicting that by 2030, gold and Bitcoin may become major reserve assets for central banks [1][3] Group 1: Central Bank Reserve Assets - Bitcoin is seen as a modern "financial security cornerstone" for central banks, akin to the role gold played in the 20th century [3] - The share of US dollar reserves held by global central banks has decreased from 60% in 2000 to approximately 41% this year, while gold reserves have surpassed 360,000 tons [3] - The trend of "de-dollarization" is creating space for alternative reserve assets like gold, as the dollar's status declines [3] Group 2: Investment Trends - In June of this year, net inflows into gold and Bitcoin exchange-traded funds (ETFs) reached $5 billion and $4.7 billion, respectively [3] - The current geopolitical risks and uncertainties from US tariff policies are driving investors to seek inflation-hedging assets [3] - Both gold and Bitcoin are not expected to completely replace the US dollar but are viewed as "supplementary tools" for reserve currency [3] Group 3: Future Projections - JPMorgan forecasts that the stablecoin market could generate an additional demand of approximately $1.4 trillion for the US dollar by 2027 [3]