The World Gold Council’s latest data shows that central banks purchased a net 53 tons of gold in October, marking the strongest monthly demand of 2025. Poland and Brazil led the buying trend, followed by several emerging-market economies seeking to diversify away from the US dollar. This renewed appetite reflects shifting reserve preferences across developing countries.

Poland added 16 tons in October, lifting its reserves to 531 tons, around 26 percent of its total foreign assets. Brazil also bought 16 tons, while Uzbekistan added 9 and Indonesia 4. Türkiye, the Czech Republic and Kyrgyzstan increased holdings by 2 to 3 tons. Ghana, China, Kazakhstan and the Philippines expanded reserves gradually, whereas Russia reduced its holdings by 3 tons to 2,327.

Central banks are ramping up gold purchases:

Global central banks purchased +53 tonnes of gold in October, the most since November 2024.

This marks a +194% jump compared to July, and the 3rd-straight monthly acceleration.

In the first 10 months of the year, central banks have… pic.twitter.com/7pZWyEjjvf

— The Kobeissi Letter (@KobeissiLetter) December 4, 2025

A New Phase in the US Bitcoin Debate

The United States has intensified its discussion around Bitcoin after establishing a national BTC reserve framework. The initiative became official with a presidential order in March 2025, designating Bitcoin as a national reserve asset and placing about 200,000 BTC under Treasury management through seized funds. Analysts argue this approach could influence long-term debt dynamics, though others warn that large-scale government accumulation may impact market stability.

Momentum is also growing at the state level. In November, Texas became the first US state to purchase Bitcoin for its treasury, investing 10 million dollars through BlackRock’s spot ETF during a price dip. Seventeen states are now reviewing similar reserve legislation, signaling deeper integration of digital assets into public finance.

A Global Shift Toward Digital Reserves?

The trend is not limited to the United States. Governments across Asia and Europe are reassessing their reserve compositions and considering whether to include digital assets. Countries aiming to reduce reliance on the US dollar are exploring alternatives more actively.

Forecasts vary among analysts. VanEck estimates that acquiring one million Bitcoin by 2029 could offset roughly 18 percent of US federal debt by 2049. CoinShares highlights potential benefits for technological leadership and inflation protection, while Chainalysis warns of instability if multiple nations accumulate BTC simultaneously.

Some projections suggest Bitcoin may appear on central bank balance sheets by 2030, complementing gold as a dual safe-haven structure. As the global economic order evolves, countries are accelerating their search for next-generation reserve strategies, and digital assets are becoming an increasingly important part of that conversation.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Central Banks After Gold: Are They Turning to Bitcoin Next? appeared first on Coin Engineer.

Signs of Reserve Diversification

Currently, the U.S. dollar accounts for about 57% of global reserves, maintaining its position as the backbone of the international monetary system. Yet, the landscape is shifting. In 2024, China reduced its U.S. Treasury holdings by $57 billion, a move signaling that major economies are exploring ways to diversify their reserves and reduce reliance on the dollar.

Bitcoin and Gold: Complementary Hedges

Deutsche Bank highlights that Bitcoin and gold are increasingly seen as complementary assets. Both have a finite supply and exhibit low correlation with traditional asset classes, making them valuable hedges against inflationary pressures and geopolitical uncertainty.

Gold’s performance further underscores this narrative. The precious metal recently surged to a record high of $3,763 per ounce, posting a gain of more than 40% since the beginning of the year.

Declining Volatility Strengthens Bitcoin’s Case

For years, volatility has been the main argument against Bitcoin as a reserve asset. However, recent data suggests a shift.

• In August, Bitcoin’s 30-day volatility dropped to historic lows,

• while its price simultaneously soared past $123,500, setting new records.

This combination indicates that Bitcoin is gradually transitioning from a speculative instrument to a more stable macroeconomic asset.

The Dollar’s Dominance Remains Intact

Despite growing interest in Bitcoin and gold, Deutsche Bank analysts believe the U.S. dollar will remain the dominant reserve currency. Governments are expected to take measures to safeguard their monetary sovereignty, which will help the dollar maintain its central role in global reserves for years to come.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Deutsche Bank: Bitcoin Could Join Gold in Central Bank Reserves! appeared first on Coin Engineer.

Shawn Young, chief analyst at MEXC Research, attributes this cautious stance to volatility, regulatory uncertainty, and structural conservatism. “Central banks prioritize stability and liquidity — and Bitcoin, despite its resilience, still doesn’t consistently offer these qualities,” he said.

Shift Away from Traditional Bonds

The survey also highlights a growing appetite for diversification. While gold remains the dominant reserve asset, central banks are increasingly eyeing corporate bonds and public equities for the next 10 years. About 16% expect to reduce their government bond holdings, and 13% plan to cut cash reserves.

Meanwhile, digital assets are slowly gaining ground. Around 10% of participants said they might increase exposure to digital assets, though the focus is primarily on tokenized securities rather than mainstream cryptocurrencies.

Governments Are Holding Bitcoin?

According to Chainalysis, some governments have started to accumulate significant amounts of cryptocurrency, mainly from law enforcement seizures. Unlike in the past, these assets are now being strategically held instead of immediately liquidated. The United States is among the countries shifting toward this approach.

In China, approximately $50 billion worth of seized crypto is held, although the lack of a centralized management policy raises concerns about transparency and long-term value. Analysts believe that a unified national strategy could reshape China’s stance on digital assets.

Early Bitcoin Adopters: El Salvador and Bhutan

El Salvador made global headlines in 2021 when it became the first country to adopt Bitcoin as legal tender. While the move attracted investment and attention, it also triggered political friction, particularly with the IMF, leading the country to soften some of its policies. Young notes that El Salvador’s goal was to attract investment, tourism, and tech infrastructure.

Shifting Sentiment in Europe

In a bold departure from traditional European monetary policy, Czech National Bank Governor Aleš Michl proposed allocating 5% of the country’s reserves to Bitcoin. This view contrasts with the European Central Bank, where President Christine Lagarde continues to reject Bitcoin as a viable reserve asset due to concerns over liquidity, security, and AML compliance.

Switzerland presents a unique case: a 2024 People’s Initiative aims to amend the constitution, requiring the Swiss National Bank to hold Bitcoin alongside gold. If successful, it could lead to the world’s first national referendum on Bitcoin as a reserve asset — showcasing rising public and institutional acceptance of digital assets in a country known for financial privacy.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Central Banks Remain Wary of Bitcoin: Only 3% Plan to Hold It as Reserves appeared first on Coin Engineer.

This 5% rise reflects a central bank trend toward diversification from conventional reserve assets. Alone in Q2 2024, central banks imported 183 tons of gold—a 6% annual increase. During this time the Central Bank of Turkey, the Reserve Bank of India, and the National Bank of Poland were among the biggest purchasers.

President of the National Bank of Poland, Adam Glapinski, stated the bank intends to maintain purchasing gold until it represents twenty percent of its holdings. This mirrors a more general inclination among several countries—including China, India, Russia, and Saudi Arabia—to reduce dependence on Western reserve assets. Founded Tolou Capital Management, Spencer Hakimian claimed these nations see gold as “the only neutral and non-volatile reserve asset.”

Talks of a potential gold-backed stablecoin from BRICS countries have given the gold drive even more force. IT entrepreneur Kim Dotcom claims this kind of expansion will devaluate USD trading and undermine the currency. “When the BRICS gold-backed stablecoin comes out, trading in USD will plummet dramatically, central banks will leave USD,” Dotcom said.

With an all-time high of $2, 525 per ounce on August 27, a 23% increase year-to- date, the value of gold has surged. This tops the 18% rise in the S&P 500. Though its March all-time high dropped 22%, Bitcoin—often seen as a digital wealth store—has had a 37% increase in 2024.

Though early success for Bitcoin, consistency advocates for gold as the ideal asset. While gold is displaying consistent increase, proponent Peter Schiff said that the performance of Bitcoin has halted.

As central banks keep raising their gold holdings, their cautious approach on Bitcoin and other cryptocurrencies reflects a taste for conventional, steady assets in unpredictable times.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Central Banks Boost Gold Reserves to Record Levels in 2024 appeared first on Coin Engineer.