JPMorgan forecasts bitcoin to beat stocks and gold
The forecast suggests bitcoin could outperform major asset classes over the coming decade.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
J.P. Morgan Asset Management, the investment arm of JPMorgan Chase & Co., predicts bitcoin will outperform U.S. large-cap stocks, real estate investment trusts and gold in annualized returns over the next decade. The forecast puts bitcoin's yearly returns at about 10%, the first time the bank has given a range for bitcoin returns in its research. The bank still urges caution about bitcoin's role in portfolios.
Why it matters
The forecast suggests bitcoin could outperform major asset classes over the coming decade. It also comes with a warning about bitcoin's volatility.
Coverage
- JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade (coindesk.com)
- Bitcoin Could Beat Stocks, Gold Over 10 Years, Says JPMorgan – But It Comes With A Volatility Warning (stocktwits.com)
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