Central banks are turning away from Bitcoin, favoring gold for their reserves, a new survey reveals. Conducted by the U.S. Federal Reserve in early 2025, the poll of 91 banks managing $7 trillion shows fading interest in crypto. As gold strengthens its grip, Bitcoin struggles to win trust. Why are leaders skeptical, and what’s next?
Crypto Interest Plummets
Only 2.1% of central banks plan to invest in digital assets like Bitcoin within five to ten years, down from 15.9% in 2024. None hold crypto now, reflecting deep caution. Volatility and unclear regulations dampen enthusiasm, with 23% doubting Bitcoin’s viability. Still, 11.6% see growing trust in crypto, though adoption lags.
Bitcoin Reserves Face Pushback
Creating a Bitcoin reserve finds little support. Just one bank backs the idea, while 59.5%—50 institutions—oppose it. Another 39.3% are undecided, hinting at faint curiosity. Risks like hacks and price swings outweigh Bitcoin’s appeal for most, keeping it off balance sheets.
Gold’s Enduring Appeal
Gold remains king. Of 72 banks, 37.5% aim to boost gold reserves in 2026, and none plan cuts. This cements gold’s role as a safe haven, especially amid economic uncertainty. Unlike Bitcoin, gold offers proven stability, a priority for $7 trillion in reserves.
Outlook for Crypto
Bitcoin fans may wince—central banks’ disinterest could slow its rise. Yet, one bank’s support suggests hope. For now, gold dominates, but crypto’s story isn’t over.
