Deutsche Bank Strategist Calls Bitcoin “Extremely Impressive” as Institutional Adoption Surges
According to Laboure, the increase of Bitcoin since November 2023 is due to a number of reasons. The authorization of Bitcoin ETFs sparked one of the greatest outpouring cycles in financial history. ETF inflows went over 20 billion in 2025. The halving of 2024 decreased supply, providing the scarcity-based demand.
She further attributed regulatory favoritism with the existing U.S. administration, the so-called Trump effect, to the better investment environment in crypto assets. The pro-crypto laws have allowed institutional entry and wider market legitimacy.
Deutsche Bank Notes Increasing Institutional Internalization
According to the Deutsche Bank analysts, institutional adoption is still one of the primary engines of the growth of Bitcoin. Exposure is being increased by companies such as MicroStrategy, corporate treasuries and hedge funds. Even central banks are considering using Bitcoin in their reserves diversification.
This use pattern has made Bitcoin more like gold, which Laboure has not ruled out. She wrote that Bitcoin is acting more like digital gold, with less volatility than it had in previous years and as a hedge against monetary debasement.
Bank Disclaims Speculative Risks
With positive momentum, Laboure once again stated that Bitcoin is very speculative. She said that Bitcoin has no inherent value and is volatile. The models of Deutsche Bank do not forecast that Bitcoin would hit one million dollars. The strategist was prudent because volatility might undermine gains within a short period of time.
The opinion represents the more general attitude of Deutsche Bank, which is optimistic about the promise of blockchain but rather skeptical about unsupported digital assets.
Comparison: Bitcoin vs Gold
Bitcoin and gold are still moving parallel in 2025. The two assets benefited because of diversification of central bank holdings due to inflation and a lack of geopolitical ground. Nevertheless, gold still has a fixed intrinsic value (based on the physical scarcity), whereas the Bitcoin relies on the network trust.
According to Laboure, though the behavior of Bitcoin resembles that of gold in terms of hedging, Gold still has a better advantage in terms of long-term stability due to its physical support. According to analysts, the digital portability of Bitcoin can, however, make it strategic to the contemporary investor.