JPMorgan Forecasts 10% Annual Bitcoin Returns but Won’t Add BTC to Its Portfolios

Somewhere between the 7.5% figure pinned to U.S. large-cap stocks and the 5.5% beside gold, the 2027 Long-Term Capital Market Assumptions from J.P. Morgan Asset Management printed a number the document had never carried in its three-decade run: a 10.0% compound annual return for bitcoin over the next ten years. It is the highest forecast in the entire 78-page report, ahead of private equity, real estate, and every public equity and bond class the firm tracks. It also comes with a condition no other asset in the book has to satisfy.