Deutsche Bank likened Bitcoin to gold, stating that the US's strategic Bitcoin reserve could play an important role in setting international financial standards. According to the bank, President Donald Trump's administration is positioning Bitcoin as a strategic reserve asset aimed at spurring economic growth and technological leadership. According to the bank’s statement, Bitcoin’s fixed supply of 21 million, decentralized structure and resistance to cyber threats have contributed to its perception as a solid reserve asset. Deutsche Bank stated that unlike many altcoins, Bitcoin has remained distinct and has never been hacked, reinforcing its reliability in global financial markets. Related News: Another Giant Company Listed on Nasdaq Announces Bitcoin Purchase - Here is the Average Purchase Price From a diversification perspective, owning Bitcoin offers an attractive option for portfolio diversification due to its low correlation with traditional assets, according to analysts at the bank. By holding a long-term Bitcoin reserve, the US can strengthen its position in the global digital economy while also protecting against inflation and potential depreciation of the dollar, Deutsche Bank said. According to Deutsche Bank, the move to create a national Bitcoin reserve also signals confidence in the future of BTC, similar to the role that the US gold reserves played in the 20th century. Officials argue that if Bitcoin’s price appreciates significantly, it could serve as a financial asset to support public finances and help offset the national debt. *This is not investment advice. Continue Reading: Germany’s Largest Bank Deutsche Bank Releases an Ultra Bullish Bitcoin Report
