Macro· ★★★★· bullish·

JPMorgan puts bitcoin in long-term outlook for the first time, sees 10% annual returns

  • —Bitcoin return forecast is 10% a year, versus 7.5% for US equities and 5.5% for gold
  • —Expected bitcoin volatility is 55%, roughly triple that of stocks and gold
  • —Suggested portfolio allocation is 1–5% with regular rebalancing
  • —First time bitcoin appears in JPMorgan's official long-term assumptions
Why it matters: A top bank now treats bitcoin as a standalone asset class, while warning that its volatility warrants strict position limits.
Source: Blockmedia