JPMorgan forecasts Bitcoin to outperform stocks, gold

J.P. Morgan Asset Management has projected that Bitcoin could deliver annual compounded returns of 10% over the next 10 to 15 years, exceeding its forecasts for U.S. large-cap stocks, gold and real estate investment trusts. JPMorgan Asset Management has included Bitcoin in its long-term market forecasts for the first time. The firm projects 10% annual compounded Bitcoin returns, above its expectations for U.S. stocks and gold. Bitcoin's projected 55% annual volatility is far higher than the estimates for traditional investment assets. The bank has left Bitcoin outside its main portfolio allocation models because of unstable market correlations.

Also reported by Crypto Briefing, Coinotag, CoinCentral.

Source: crypto.news