JPMorgan Projects Bitcoin to Outpace Stocks Over a Decade
By Damilola Esebame
AI summary of the source article
JPMorgan has included Bitcoin for the first time in its Long-Term Capital Market Assumptions, projecting a 10% compound annual return over 10 to 15 years, outpacing US large-cap equities projected at 7.5%.
Why it matters
The LTCMA shapes allocation decisions for pension funds, endowments, and sovereign wealth managers overseeing trillions of dollars, giving institutional investors a benchmark from a traditional source that independent crypto research cannot replicate.
Key facts
- JPMorgan projected Bitcoin to deliver 10% compound annual returns and an arithmetic average return of 20.9% with 55% annual volatility over the next 10 to 15 years.
- US large-cap equities are forecast to return 7.5% annually, REITs at 8.2%, and gold at 5.5% over the same horizon.
- Analysts excluded Bitcoin from main covariance matrices due to its limited correlation history with traditional portfolios.
Source excerpt · FinanceFeeds
JPMorgan has projected Bitcoin to deliver 10% compound annual returns over the next 10 to 15 years, placing it ahead of traditional asset classes. The bank's 2027 Long-Term Capital Market Assumptions , released on October 19, are described in media coverage as the first edition of JPMorgan's annual outlook to include Bitcoin. US large-cap equities, by comparison, are forecast to return 7.5% annual…