JPMorgan models Bitcoin reaching $385,000 in 10-year bull case despite CEO Jamie Dimon’s criticism

JP Morgan Asset Management sees Bitcoin potentially reaching $215,000 within a decade, despite CEO Jamie Dimon's longstanding criticism of the cryptocurrency. The Wall Street firm's 2027 Long-Term Capital Market Assumptions, released Oct. 19, outlined three scenarios for Bitcoin's performance over the next decade, ranging from a collapse toward $25,000 to a rally approaching $386,000. Its base case assumes BTC generates compound annual returns of 10%, implying a price of about $215,300 from the report's $83,000 reference price.

Also reported by The Currency Analytics.

Source: CryptoSlate