Marion Laboure, an analyst of Deutsche Bank’s research branch, shared her predictions of Bitcoin replacing the role of digital gold in the long haul, is here to stay for centuries and free from authoritative control. 

Specifically, via an update to Deutsche Bank’s website for “what’s next” regarding the plans for the most major German banking institution, Laboure reportedly disclosed her perspective of Bitcoin assuming the role of the 21st century digital gold, but comes with a high level of volatility. 

Per the analyst, a majority of Bitcoin (BTC) purchases were reportedly dedicated to investments and speculation, instead of utilizing the coins as an instrument of exchange. 

“Just a few additional large purchases or market exits can significantly impact the supply-demand equilibrium. [Bitcoin] is too volatile to be a reliable store of value today. And I expect it to remain ultra-volatile in the foreseeable future.” Laboure reportedly remarked. 

Regardless of the Deutsche Bank analyst worries, in terms of the insufficiency in regulation for crypto, together with their possible effect on the environment, she hinted that Bitcoin Bitcoin would still be able to secure its position as the dominating force of a digital asset, across the crypto sphere. 

Ethereum may have an edge over use cases for DeFi following the growth in NFT compared to Bitcoin, but the latter still enjoys its “first-mover advantage.”

“If Bitcoin is sometimes called ‘digital gold’, Ethereum would then be the ‘digital silver.’”

In the past, Deutsche Bank analysts have reportedly recognized Bitcoin as a crypto coin “too important to ignore”, with predictions of the crypto asset price value would surge, following more and more asset managers and firms establishing footprints across the market.