CBs Could Stack BTC by 2030 (Patreon)

Deutsche Bank thinks that by 2030, central banks might start holding Bitcoin alongside gold. If that happens, it could be a turning point that takes Bitcoin from a niche investment to a core part of global finance.

Here’s why it matters:

If they start holding Bitcoin, it sends a powerful message: Bitcoin isn’t just for techies or speculators—it’s a serious store of value, like gold.

Central banks today hold around $12 trillion in reserves. If even a small share—say 1–2%—moved into Bitcoin, that would mean $120–240 billion in new buying. That’s enough to supercharge demand, push prices way up, and make Bitcoin less volatile, since central banks are long-term holders and not traders.

The Game Theory Angle

This creates a game theory situation, like a strategic standoff. Picture 190+ central banks deciding whether to buy Bitcoin:

No one wants to go first—it looks risky, politically and financially. But if another country (say one from the BRICS group) starts buying Bitcoin to protect itself against the dollar, others risk falling behind.

Are Central Banks Already Buying Bitcoin?

As of September 2025, no big central bank has openly admitted to buying Bitcoin directly. But there are hints of movement:

• The Czech National Bank said in January 2025 it was considering putting up to 5% of its reserves into Bitcoin (worth about $146 billion total).

• Some central banks are dipping their toes in indirectly by buying shares of MicroStrategy (MSTR), a company that owns 640,000 Bitcoin.

Examples:

• Swiss National Bank bought ~$37M in MSTR shares (≈500–600 BTC worth).

• Saudi Central Bank holds 25,656 MSTR shares (≈1,200–1,500 BTC worth).

• Norway’s Central Bank, via its wealth fund, has a $514M stake (≈3,200 BTC worth).

• Even U.S. retirement funds like Utah’s are joining in.