JPMorgan Forecasts Bitcoin to Outperform US Stocks, Gold…
By Karthik Subramanian
AI summary of the source article
J.P. Morgan Asset Management projects a 10% annualized return for Bitcoin over the next decade, outpacing US equities and gold. However, the firm stopped short of recommending it for standard portfolios due to its 55% annualized volatility.
Why it matters
The text states that "The inclusion of Bitcoin alongside these established asset classes signals growing institutional interest in assessing cryptocurrency through conventional investment frameworks."
Key facts
- JPMorgan forecasts a 10% annualized compound return for Bitcoin over 10 to 15 years, compared to 7.5% for US large-cap equities and 5.5% for gold.
- This marks the first time JPMorgan has included explicit long-term return scenarios for Bitcoin in its annual capital market assumptions.
- JPMorgan does not recommend Bitcoin in strategic asset allocations, citing 55% annualized volatility and lack of income-based valuation metrics.
Source excerpt · FinanceFeeds
J.P. Morgan Asset Management expects Bitcoin to deliver higher annualized returns than US equities, gold and real estate over the next decade, according to its 2027 Long-Term Capital Market Assumptions released on October 19, 2026. The investment manager projects a 10% annualized compound return for Bitcoin over a 10- to 15-year horizon, compared with 7.5% for US large-cap equities, 8.2% for US re…