JPMorgan Sees 10% Annual Bitcoin Returns, Topping Stocks, Bonds and Gold over Next Decade
JPMorgan says Bitcoin could lead its asset forecasts, but it still warns that volatility and unstable correlations limit portfolio use.
- JPMorgan Asset Management included Bitcoin in its Long-Term Capital Market Assumptions report on Tuesday, projecting a 10% annualized return over the next 10 years. This marks the first time the banking group has provided return ranges for the cryptocurrency.
- The firm has a complicated history with Bitcoin, notably CEO Jamie Dimon's 2017 description of the asset as "fraud," a skeptical position he has reiterated with somewhat softer language in recent years.
- Annualized return projections for Bitcoin range from a bear case of-9.7% to a bull case of 17%, contrasting sharply with expected growth of 5.6%–6.6% for bonds and 7.7% for small-cap equities.
- Portfolio manager Sheena Shah and head of digital asset strategy Dennis Cristallo view Bitcoin as "a speculative asset and a hedge against monetary easing," cautioning that unstable correlations limit its portfolio role.
- Bitwise previously projected Bitcoin could reach $1.3 million by 2035 with a 28.3% annualized return, and Chief Investment Officer Matt Hougan welcomed JPMorgan's inclusion of the asset in its long-term outlook.
66 Articles
66 Articles
JPMorgan says Bitcoin may outperform stocks, bonds and gold – but still warns of “speculative” risk
JPMorgan Chase's asset management division, in a notable departure from CEO Jamie Dimon's long-held skepticism, has acknowledged in its 2027 "Long-Term Capital Market Assumptions" report that Bitcoin could outperform most major asset classes like equities, bonds and gold over the next decade. Despite the positive forecast, the bank stops short of recommending Bitcoin for strategic investors, citing its high volatility and unstable correlations …
JPMorgan Asset Management Predicts Bitcoin (BTC) Surging 10% a Year in Next 10 Years – But There's a Catch
J.P. Morgan Asset Management is including Bitcoin in its 2027 Long-Term Capital Market Assumptions report for the first time with a forecasted return range positioning it as potentially the top performer over the next decade.
JPMorgan Asset Management sees Bitcoin beating stocks, but with a big catch
JPMorgan Asset Management has introduced Bitcoin into its long-term capital market assumptions for the first time. The firm forecasts annualized returns of 10% over the next decade, alongside significant volatility of 55%. This volatility may undermine Bitcoin's attractiveness on a risk-adjusted basis compared to traditional investments. Despite the potential returns, JPMorgan has not incorporated Bitcoin into its main portfolio models due to in…
JPMorgan Asset Sees Bitcoin Beating Stocks, But With a Catch
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