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DECRYPT · 2026-10-20 21:16 UTC

JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat

JPMorgan Asset Management projected a 10% compound annual return for Bitcoin over 10-15 years, its first long-term forecast for the asset, topping forecasts for U.S. large-cap stocks (7.5%) and gold (5.5%). The forecast comes with 55% annualized volatility, and JPMorgan excluded Bitcoin from its main portfolio models citing volatility and unstable correlations. JPMorgan dismissed the currency debasement bull case as 'wide of the mark,' while U.S. spot Bitcoin ETFs saw strong inflows of $526.7 million on Monday.

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