JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade
Summary
JPMorgan’s 2027 long-term market assumptions project bitcoin’s annualized returns over the next decade at 10% in its base case, ranging from -9.7% in a bear case to 17% in a bull case. The bank’s forecasts for U.S. equities, bonds and gold are lower. This is the first time JPMorgan has published a bitcoin return range in its research. The bank remains cautious, citing bitcoin’s volatility and unstable correlations, and sees it mainly as a speculative bet on fiat expansion or blockchain-based asset trading rather than a strategic portfolio diversifier.
