According to The Kobeissi Letter, gold's share of global reserves soared to 23% in Q2 2025, marking a 30-year high and doubling over the past six years (source: The Kobeissi Letter, Twitter, June 9, 2025). During the same period, the US Dollar's share of international reserves fell by 10 percentage points to just 44%. This significant shift in reserve allocation highlights growing institutional demand for alternative stores of value, potentially signaling increased interest in cryptocurrencies such as Bitcoin as digital gold. Traders should closely monitor these macro trends, as declining confidence in fiat reserves could drive volatility and growth in the crypto market.

According to The Kobeissi Letter, China’s central bank increased its gold holdings by approximately 70,000 troy ounces in April 2025, reaching a record 73.8 million ounces. This marks the sixth consecutive month of gold accumulation, with total holdings up nearly 1 million ounces during this period (source: The Kobeissi Letter, May 9, 2025). For crypto traders, sustained gold purchasing by China signals heightened demand for alternative stores of value, reflecting ongoing concerns over fiat currency stability. This trend supports bullish sentiment for Bitcoin and other digital assets often considered 'digital gold,' particularly as global investors seek diversification amid central bank moves (source: The Kobeissi Letter, May 9, 2025).