Institutions that formulate monetary policy have traditionally favored a conservative approach in their reserve allocations, primarily holding gold and U.S. Treasury bonds to maintain stability and protect the value of their currency.

However, the establishment of the U.S. strategic Bitcoin reserve this March could become a key catalyst for this shift. This Wall Street institution expects that in the next five years, cryptocurrencies will gain greater legitimacy as Federal Reserve assets, much like gold.

"Although gold has long been the standard alternative, the landmark decision made by the Trump administration in March this year - to establish a U.S. strategic reserve - has reignited discussions about whether central banks should hold Bitcoin as a reserve asset," wrote Marion Laboure, a research analyst at Deutsche Bank Research.