JPMorgan forecasts 10% annual Bitcoin returns, topping stocks and gold

Briefing by News4U · First published 2026-10-20 11:40:34 UTC

JPMorgan's first long-term Bitcoin outlook projects 10% annualized returns over the next decade, exceeding U.S. stocks and gold, but cautions volatility limits portfolio use.

JPMorgan's 2027 Long-Term Capital Market Assumptions report projects 10% annualized Bitcoin returns, compared with 7.5% for large-cap U.S. stocks and 5.5% for gold, marking the first time the bank has included Bitcoin in its outlook covering more than 200 assets. [1] [2]

The bank sets a bull case of 16.6-17% and a bear case of -9.7% to -11.2% annualized returns, viewing Bitcoin as a speculative asset and hedge against monetary easing rather than a portfolio diversifier due to unstable correlations. [1] [2]

Sources

1. JPMorgan projects Bitcoin to outperform US stocks and gold over next decade

   Cointelegraph · 2026-10-20 08:54:27 UTC · Full text

2. JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade

   CoinDesk · 2026-10-20 11:10:40 UTC · Full text

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