JPMorgan Projects Bitcoin To Outperform Stocks And Gold With 10% Annual Return Over The Next Decade

JPMorgan Asset Management forecast on October 20 that Bitcoin will deliver a 10% compound annual return over the next 10 to 15 years, outpacing gold, US stocks, bonds, and real estate in its 2027 Long-Term Capital Market Assumptions report. It projected 7.5% yearly for US large-cap stocks, 5.5% for gold, and 8.2% for US real estate investment trusts, while estimating Bitcoin’s annualized volatility at 55%, versus 17.2% for gold. This marks the first time in the 31-year history of JPMorgan’s annual report that Bitcoin has been included in its long-term return forecast; CEO Jamie Dimon has historically been skeptical of Bitcoin. Bitwise CIO Matt Hougan called the forecast a milestone for Bitcoin’s acceptance.