JPMorgan Projects Bitcoin to Outperform US Stocks and Gold Over Next Decade

J.P. Morgan Asset Management has added Bitcoin to its Long-Term Capital Market Assumptions report for the first time, forecasting a 10% annual compound return over the next 10 to 15 years. This projection outpaces expectations for U.S. large-cap equities at 7.5%, U.S. REITs at 8.2%, and gold at 5.5%. However, due to Bitcoin's projected 55% annualized volatility and unstable correlations, the bank excluded the digital asset from its primary portfolio allocation models. With Bitcoin trading near $82,000, JPMorgan highlighted an interim target of $170,000 and a volatility-adjusted gold-parity price of $266,000.