JPMorgan Puts Bitcoin Ahead of Gold and Stocks, Sees 10% Yearly Returns
JPMorgan Asset Management just dropped its long-term market outlook, and Bitcoin is in it for the first time ever. The bank projects BTC will compound at 10% annually over the next 10-15 years, beating gold, US stocks, REITs and bonds. Wall Street's most famous crypto skeptic is warming up.
JPMorgan Asset Management dropped its 2027 Long-Term Capital Market Assumptions report on October 20, and Bitcoin made the cut for the first time in the report's 31-year history. The bank forecasts BTC will deliver a 10% compound annual return over the next 10 to 15 years. That's a milestone moment for an asset the bank's own CEO spent years trashing.
The numbers tell the story. JPMorgan sees US large-cap stocks returning 7.5% a year, gold 5.5%, and real estate investment trusts 8.2%. Bitcoin's projected 10% compound return sits above them all. The bank also pegs Bitcoin's arithmetic return at 20.9% and its annualized volatility at 55%—more than triple gold's 17.2%.
That volatility is the trade-off. JPMorgan's forecast means Bitcoin offers bigger potential gains, but also bigger potential losses than the traditional safe havens it's being compared to. The bank isn't sugarcoating the risk. It's just saying the long-term reward might be worth it.
The report marks a stunning shift for JPMorgan, whose CEO Jamie Dimon has been one of Bitcoin's loudest critics on Wall Street. Including BTC in the bank's flagship long-term outlook signals that ignoring crypto is no longer an option for major institutions.
Matt Hougan, CIO of Bitwise, celebrated the forecast as another milestone in Bitcoin's acceptance. The move adds to a broader thaw in Wall Street's attitude toward crypto—and puts a major bank's stamp of approval on Bitcoin as a serious long-term investment.
TopicsJPMorgan · JPMorgan Asset Management · Bitcoin · Jamie Dimon · Matt Hougan · Bitwise · gold · US stocks
Source: zycrypto.com
Written by Paparazzi with AI. Not financial advice.