Bitcoin Is Down 23% in a Year While Oil Rose 79%. J.P. Morgan Still Ranks It First for the Next Decade

Bitcoin traded at $83,411 on Wednesday, October 21, up 2.51% in 24 hours, but still 23% below where it stood a year ago. Oil prices near $110 a barrel and a Federal Reserve back in hiking mode kept pressure on risk assets. Over the same 12 months, Brent crude has climbed 79%, the S&P 500 has gained 15% and gold is roughly flat. BTC is the only one of the four in the red. And yet J.P. Morgan Asset Management just ranked it first for returns over the next decade.