JPMorgan Bitcoin Forecast Tops Stocks and Gold for the Next Decade

The first JPMorgan Bitcoin forecast still keeps BTC outside the bank’s core portfolio model. The bank expects Bitcoin to outperform US stocks and gold over the next decade. Large Bitcoin holders have been accumulating steadily for a month. Price is stuck below a level where two separate Fibonacci measurements meet. J.P. Morgan Asset Management has included Bitcoin in its Long-Term Capital Market Assumptions for the first time, and the 2027 edition, published on October 19, expects the cryptocurrency to compound at 10% a year over the next 10 to 15 years.

Also reported by TheCoinrise, DeFi Planet, Live Bitcoin News.

Source: Crypto News Flash