Deutsche Bank, stating that Bitcoin could play an important role in determining international financial standards for the US strategic Bitcoin reserve, likened Bitcoin to gold.
According to the Bank, President Donald Trump's administration positions Bitcoin as a strategic reserve asset aiming to promote economic growth and technological leadership.
According to the bank's statement, Bitcoin's fixed supply of 21 million, its decentralized structure, and resilience against cyber threats have contributed to its perception as a solid reserve asset. Deutsche Bank stated that unlike many altcoins, Bitcoin stands out and has never been hacked, reinforcing its credibility in the global financial markets.
According to bank analysts, owning Bitcoin offers an attractive option for portfolio diversification due to its low correlation with traditional assets. Deutsche Bank stated that the US could strengthen its position in the global digital economy by holding a long-term Bitcoin reserve and could also protect against inflation and potential devaluation of the dollar.
According to Deustche Bank, the move to create a national Bitcoin reserve signals confidence in the future of BTC similar to the role played by the US gold reserves in the 20th century. Officials argue that if the price of Bitcoin appreciates significantly, it could serve as a financial asset to support public finances and help balance national debt.
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Germany's Largest Bank Deutsche Bank Comes Ultra Bull Bitcoin Report!
Deutsche Bank, stating that Bitcoin could play an important role in determining international financial standards for the US strategic Bitcoin reserve, likened Bitcoin to gold.
According to the Bank, President Donald Trump's administration positions Bitcoin as a strategic reserve asset aiming to promote economic growth and technological leadership.
According to the bank's statement, Bitcoin's fixed supply of 21 million, its decentralized structure, and resilience against cyber threats have contributed to its perception as a solid reserve asset. Deutsche Bank stated that unlike many altcoins, Bitcoin stands out and has never been hacked, reinforcing its credibility in the global financial markets.
According to bank analysts, owning Bitcoin offers an attractive option for portfolio diversification due to its low correlation with traditional assets. Deutsche Bank stated that the US could strengthen its position in the global digital economy by holding a long-term Bitcoin reserve and could also protect against inflation and potential devaluation of the dollar.
According to Deustche Bank, the move to create a national Bitcoin reserve signals confidence in the future of BTC similar to the role played by the US gold reserves in the 20th century. Officials argue that if the price of Bitcoin appreciates significantly, it could serve as a financial asset to support public finances and help balance national debt.