Current outcome
JPMorgan Asset Management included Bitcoin in its long-term capital market assumptions for the first time, with a 10% base-case annualized return, 16.6% bull case, and -11.2% bear case, above U.S. large caps at 7.5% and gold at 5.5%, while stressing that high volatility and unstable correlations limit its current portfolio-diversification role.
Progress timeline
2 material updates- #01
JPMorgan Sees Bitcoin Outperforming U.S. Stocks and Gold Over Next Decade
JPMorgan Asset Management included Bitcoin in its long-term capital market assumptions for the first time, projecting a 10% compound annual return over 10-15 years — above U.S. large-cap stocks at 7.5% and gold at 5.5% — with 55% annualized volatility.
Source evidence: wublockchainenglish · foresightnews
- #02
JPMorgan projects Bitcoin to outperform US stocks and gold over next decade
The same JPMorgan 2027 Long-Term Capital Market Assumptions report added bull-case 16.6% and bear-case -11.2% annualized Bitcoin return scenarios, and explicitly said Bitcoin is not currently viewed as a portfolio diversifier but as a speculative asset and hedge against monetary easing.
State after update: JPMorgan Asset Management included Bitcoin in its long-term capital market assumptions for the first time, with a 10% base-case annualized return, 16.6% bull case, and -11.2% bear case, above U.S. large caps at 7.5% and gold at 5.5%, while stressing that high volatility and unstable correlations limit its current portfolio-diversification role.
Source evidence: Cointelegraph